What's to know about laboratory experimentation in Economics?

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Abstract

Experimental economics has grown as a discipline from near non-existence 50 years ago to a full-fledged field within economics in the present. Much of experimental economics research involves experimental methods as a tool, applied to problems in other fields of economics. However, some of this research is inward looking, focusing on questions of the methodology of experimental economics. In this note, I briefly discuss two methodological issues in experimental economics that might benefit from meta-analysis: the pool from which experimental participants are drawn (university undergraduate students versus other populations) and the scale of monetary incentives faced by participants (large, small or hypothetical).
Original languageEnglish
Pages (from-to)371 - 379
Number of pages9
JournalJournal of Economic Surveys
Volume25
Issue number2
DOIs
Publication statusPublished - 2011
Externally publishedYes

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