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Experimental economics: Methods, problems and promise

Author

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  • Davis, Douglas D.

    (Virginia Commonwealth University)

  • Holt, Charles a.

    (University of Virginia)

Abstract

The purpose of this paper is to discuss the growing importance of experimentation in economic analysis. We present a variety of economic issues that have been explored with laboratory techniques. We also address some common objections to experimentation, as well as some of the principal lessons that have been learned.

Suggested Citation

  • Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
    • Handle: RePEc:emx:esteco:v:8:y:1993:i:2:p:179-212
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/288/291
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    References listed on IDEAS

    as
    1. Starmer, Chris & Sugden, Robert, 1991. "Does the Random-Lottery Incentive System Elicit True Preferences? An Experimental Investigation," American Economic Review, American Economic Association, vol. 81(4), pages 971-978, September.
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