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Experimental Economics: A Test-Bed for the Unconditional Basic Income?

In: Empirical Research on an Unconditional Basic Income in Europe

Author

Listed:
  • Sascha Füllbrunn

    (Institute for Management Research, Radboud University)

  • Lei Delsen

    (Institute for Management Research, Radboud University)

  • Jana Vyrastekova

    (Institute for Management Research, Radboud University)

Abstract

Experimental economics is a method used by economists to explain or predict the behaviour of economic agents under a controlled institutional environment. This method can be used to test policies in order to inform policy-makers about the impact of proposed alternatives, referred to as ‘whispering in the ears of princes’ (Nobel prize winner Al Roth). In this chapter, we take a detailed look at this method and how it can help to understand the consequences of an Unconditional Basic Income. Additionally, we demonstrate a small scale experiments on risk-taking with and without the influence of the Unconditional Basic Income.

Suggested Citation

  • Sascha Füllbrunn & Lei Delsen & Jana Vyrastekova, 2019. "Experimental Economics: A Test-Bed for the Unconditional Basic Income?," Contributions to Economics, in: Lei Delsen (ed.), Empirical Research on an Unconditional Basic Income in Europe, chapter 0, pages 171-199, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-30044-9_7
    DOI: 10.1007/978-3-030-30044-9_7
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