Experimental methods : a primer for economists /
| Main Authors: | , |
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| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Language Notes: | English. |
| Published: |
Cambridge ; New York :
Cambridge University Press,
1994.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Introduction. Economics as an experimental discipline ; The engine of scientific progress ; Data sources ; Purposes of experiments
- Principles of economics experiments. Realism and models ; Controlled economic environments ; Induced-value theory ; Parallelism ; Practical implications ; Application : the Hayek hypothesis
- Experimental design. Direct experimental control : constants and treatments ; Indirect control : randomization ; The within-subjects design as an example of blocking and randomization ; Other efficient designs ; Practical advice ; Application : new market institutions
- Human subjects. Who should your subjects be? ; Subjects' attitudes toward risk ; How many subjects? ; Trading commissions and rewards ; Instructions ; Recruitment and maintaining subject history ; Human subject committees and ethics ; Application : bargaining experiments
- Laboratory facilities. Choosing between manual and computer modes ; Manual laboratory facilities ; Computerized laboratory facilities ; Random number generation ; Application : experiments with monetary overlapping generations economies
- Conducting an experiment. Lab log ; Pilot experiments ; Lab setup ; Registration ; Conductors ; Monitors ; Instruction ; Handling queries from subjects ; Dry-run periods ; Manual conduct of markets ; Recording the data ; Termination ; Laboratory termination of infinite-period economies ; Debriefing ; Payment ; Bankruptcy ; Bailout plan ; Application : committee decisions under majority rule
- Data analysis. Graphs and summary statistics ; Statistical inference : preliminaries ; Reference distributions and hypothesis tests
- Practical advice ; Application : first-price auctions
- Reporting your results. Coverage ; Organization ; Prose, tables, and figures
- Documentation and replicability ; Project management ; Application : asset-market experiments
- The emergence of experimental economics. Economics as an experimental science ; Games and decisions up to 1952 ; Two pioneers ; Experimental economics in Germany ; Early classroom markets ; Building theoretical foundations, 1960-76 ; Joining the economics mainstream ; Divergence from experimental psychology ; Application : laboratory games.