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Three ways of linking laboratory endeavours to the realm of policies

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  • Kyu Sang Lee

Abstract

This paper elucidates experimental economists' recent attempts to link their laboratory endeavours to the realm of policies. To be concrete, by concentrating on some of the well-known policy-related works conducted by three thriving research programs in experimental economics, this paper demonstrates what kinds of perspectives contemporary experimental economists take towards a foundational issue in economics, rationality. The disunity this paper finds in experimental economists' practices is interpreted as a source of strength, rather than weakness, for experimental economics as a whole.

Suggested Citation

  • Kyu Sang Lee, 2011. "Three ways of linking laboratory endeavours to the realm of policies," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(5), pages 755-776, December.
    • Handle: RePEc:taf:eujhet:v:18:y:2011:i:5:p:755-776
    DOI: 10.1080/09672567.2011.616593
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    1. Smith,Vernon L., 2009. "Rationality in Economics," Cambridge Books, Cambridge University Press, number 9780521133388.
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    Cited by:

    1. Dorian Jullien & Nicolas Vallois, 2014. "A probabilistic ghost in the experimental machine," Journal of Economic Methodology, Taylor & Francis Journals, vol. 21(3), pages 232-250, September.

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