Experimental Economics: Rethinking the Rules

Description

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic

Nicholas Bardsley is senior research fellow at the National Centre for Research Methods, University of Southampton. Robin Cubitt is professor of economics and decision research at the University of Nottingham. Graham Loomes is professor of economic behavior and decision theory at the University of East Anglia. Peter Moffatt is reader in econometrics at the University of East Anglia. Chris Starmer is professor of experimental economics at the University of Nottingham. Robert Sugden is professor of economics at the University of East Anglia.

"Experimental Economics is a well intentioned book which does an admirable job in consolidating and modernising the ongoing methodological debates surrounding experimental economics. . . . I would recommend this book to empirical social scientists, particularly the first two parts, which crystallise the major debates ongoing in the discipline."---Tom Wilkening, The Economic Record "This is an extremely rich and cultured book that makes a large number of intelligent points about experimental methods. It also raises sophisticated questions concerning what it means to test a theory and how one can test in an environment in which an error model unconstrained by theory is essential to judging empirical fit."---Andrew Caplin, Journal of Economics and Philosophy