Handbook of Research Methods and Applications in Experimental Economics


Handbook of Research Methods and Applications in Experimental Economics

9781788110556 Edward Elgar Publishing
Edited by Arthur Schram, Amsterdam School of Economics, the Netherlands and European University Institute, Italy and Aljaž Ule, Amsterdam School of Economics, the Netherlands and University of Primorska, Slovenia
Publication Date: 2019 ISBN: 978 1 78811 055 6 Extent: 448 pp
This volume offers a comprehensive review of experimental methods in economics. Its 21 chapters cover theoretical and practical issues such as incentives, theory and policy development, data analysis, recruitment, software and laboratory organization. The Handbook includes separate parts on procedures, field experiments and neuroeconomics, and provides the first methodological overview of replication studies and a novel set-valued equilibrium concept. As a whole, the combination of basic methods and current developments will aid both beginners and advanced experimental economists.

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The first Handbook in economics dedicated to the discussion of the methods of experimental economics, this timely book analyses the current state-of-the-art in the field. The chapters systematically cover the most relevant issues in experimental design and implementation, while also exploring novel research developments.

Offering a comprehensive review of experimental methods in economics, this 21 chapter Handbook covers theoretical and practical issues including: recruitment, software and laboratory organization, incentives, data analysis, and theory and policy development. Expert scholars offer unique insight into laboratory procedures, replication studies, field experiments and neuroeconomics, while also providing a novel set-valued equilibrium concept. The combination of basic methods and current developments will aid both novice and advanced experimental economists.

This is a must-read for economic researchers and scholars using experimental methodology, providing vital reference and clarifying issues that will arise when designing and running experiments. Graduate students of experimental and behavioral economics will also find this a useful guide in learning about the advanced tools this exciting field has to offer.
Critical Acclaim
‘This is a wonderful book. It is rare that a book collects chapters that both discuss experimental methods as well as research on the frontiers of knowledge. This is a must-read for both the novice and the veteran experimentalist as well as those outside the field.’
– Andrew Schotter, New York University, US
Contributors: J. Brandts, C.F. Camerer, J. Carpenter, D.J. Cooper, C. Cornand, J.C. Cox, C. de Dreu, J. de Quidt, A. Dreber, J.B. Engelmann, H. Erkut, J.K. Goeree, B. Greiner, J. Gross, F. Heinemann, C.A. Holt, E. Huet-Vaughn, O.J. Hulme, M. Johannesson, M. Lebreton, G. Loomes, P. Louis, P.G. Moffatt, M. Mulckhuyse, A. Ortmann, T.R. Palfrey, N. Peter, K. Preuschoff, E. Reuben, A. Riedl, B. Rogers, C. Rott, V. Sadiraj, A. Samek, A. Schram, A.C. Sebald, A.R. Soetevent, J. Sonnemans, M. Stephanides, C. Thöni, C.-C. Ting, A. Ule, A. van der Veen, L. Vesterlund, E.J.D. Webb, P. Werner, A.J. Wilson

Arthur Schram and Aljaž Ule

Part I Methods of Experimental Economics
1. Incentives
James C. Cox and Vjollca Sadiraj

2. Deception
Andreas Ortmann

3. Preference Measurement and Manipulation in Experimental Economics
Hande Erkut and Ernesto Reuben

4. Data Analysis
Peter G. Moffatt

5. Replication and other Practices for Improving Scientific Quality in Experimental Economics
Colin F. Camerer, Anna Dreber, and Magnus Johannesson

Part II Field Experiments
6. Advantages and Disadvantages of Field Experiments
Anya Samek

7. Randomization in Field Experiments
Noemi Peter and Adriaan R. Soetevent

Part III Neuroeconomics
8. Brain Measurement and Manipulation Methods
Jan B. Engelmann, Manon Mulckhuyse, and Chih-Chung Ting

9. An Introduction to Physiological Economics
Oliver J. Hulme, Edward J.D. Webb, and Alexander C. Sebald

10. Neuroeconomics: Data Analysis
Mael Lebreton and Kerstin Preuschoff

11. Homo Oeconomicus with a Personality—Trait-based Differences in Decision Making
Carsten K.W. De Dreu and Jörg Gross

Part IV Developing Economic Theory and Policy

12. Taking Process into Account when Modelling Risky Choice
Graham Loomes

13. Rank-Dependent Choice Equilibrium: A Non-Parametric Generalization of QRE
Jacob K. Goeree, Charles A. Holt, Philippos Louis, Thomas R. Palfrey, and Brian Rogers

14. Experiments on Macroeconomics: Methods and Applications
Camille Cornand and Frank Heinemann

15. The Role of Experiments for Policy Design
Peter Werner and Arno Riedl

Part V Experimental Procedures
16. Subject Pools and Recruitment
Ben Greiner and Marianne Stephanides

17. Software and Laboratory Organization
Joep Sonnemans and Ailko van der Veen

18. Cross-Cultural Behavioral Experiments: Potential and Challenges
Christian Thöni

19. Real-Effort Tasks
Jeffrey Carpenter and Emiliano Huet-Vaughn

20. Experimenter Demand Effects
Jonathan de Quidt, Lise Vesterlund, and Alistair J. Wilson

21. Communication in Laboratory Experiments
Jordi Brandts, David J. Cooper, and Christina Rott

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