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Web-based experimental economics software: How do they compare to desirable features?

Author

Listed:
  • Chan, Shu Wing
  • Schilizzi, Steven
  • Iftekhar, Md Sayed
  • Da Silva Rosa, Raymond

Abstract

Web-based experiments that cut across the lab vs. field distinction are increasingly popular with economists. However, non-standardized software features and services hinder comparability and replication. This study reviews a wide selection of experimental economics software packages and evaluates them against criteria based on the logistics and operational requirements of economic experiments. We find that oTree and SoPHIE rank highest across criteria, but Veconlab and classEx might be suitable for those with a dominant need for a large library of ready-made experiments. We find a portability gap: no presently available software allows portability of experiments across platforms because of technical complexity and the challenging coordination needs of experimental economists. As a result, experiments may be replicated only on the same platform or with the same software, but general replicability is slow and costly. This constrains the development of experimental economics as a replicable science.

Suggested Citation

  • Chan, Shu Wing & Schilizzi, Steven & Iftekhar, Md Sayed & Da Silva Rosa, Raymond, 2019. "Web-based experimental economics software: How do they compare to desirable features?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 23(C), pages 138-160.
    • Handle: RePEc:eee:beexfi:v:23:y:2019:i:c:p:138-160
    DOI: 10.1016/j.jbef.2019.04.007
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    References listed on IDEAS

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    1. Antonio A. Arechar & Simon Gächter & Lucas Molleman, 2018. "Conducting interactive experiments online," Experimental Economics, Springer;Economic Science Association, vol. 21(1), pages 99-131, March.
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    5. Giamattei, Marcus & Lambsdorff, Johann Graf, 2019. "classEx — an online tool for lab-in-the-field experiments with smartphones," Journal of Behavioral and Experimental Finance, Elsevier, vol. 22(C), pages 223-231.
    6. repec:cup:judgdm:v:5:y:2010:i:5:p:411-419 is not listed on IDEAS
    7. Seithe, Mirko, 2012. "Introducing the Bonn Experiment System (BoXS)," Bonn Econ Discussion Papers 01/2012, University of Bonn, Bonn Graduate School of Economics (BGSE).
    8. Chen, Daniel L. & Schonger, Martin & Wickens, Chris, 2016. "oTree—An open-source platform for laboratory, online, and field experiments," Journal of Behavioral and Experimental Finance, Elsevier, vol. 9(C), pages 88-97.
    9. Camerer, Colin & Dreber, Anna & Forsell, Eskil & Ho, Teck-Hua & Huber, Jurgen & Johannesson, Magnus & Kirchler, Michael & Almenberg, Johan & Altmejd, Adam & Chan, Taizan & Heikensten, Emma & Holzmeist, 2016. "Evaluating replicability of laboratory experiments in Economics," MPRA Paper 75461, University Library of Munich, Germany.
    10. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
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    Cited by:

    1. Kumar, Satish & Rao, Sandeep & Goyal, Kirti & Goyal, Nisha, 2022. "Journal of Behavioral and Experimental Finance: A bibliometric overview," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    2. Marcus Giamattei & Kyanoush Seyed Yahosseini & Simon Gächter & Lucas Molleman, 2020. "LIONESS Lab: a free web-based platform for conducting interactive experiments online," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 6(1), pages 95-111, June.

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    More about this item

    Keywords

    Experimental economics; Web-based; Software; Online experiments; Web-based experiments; Economic experiments;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

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