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.
Introduction
Arthur Schram and Aljaz 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
