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experimental economics. To illustrate this, we replicate the “lies in disguise-experiment” (Fischbacher & Föllmi-Heusi, 2013) with … experiment despite monitoring. Yet, our experiment allows for an individual-level analysis and provides a video data set that can …
Persistent link: https://www.econbiz.de/10014317961
This survey discusses behavioral and experimental macroeconomics emphasizing a complex systems perspective. The economy consists of boundedly rational heterogeneous agents who do not fully understand their complex environment and use simple decision heuristics. Central to our survey is the...
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This paper examines the influence of pre-experiment tasks on subject understanding. It used a 2x2 design varying the … type of instructions and whether or not the pre-experiment quiz was incentivized. The Standard instructions were written …-Media Learning literature, which aims to find ways to maximize subject understanding from instruction. After the pre-experiment …
Persistent link: https://www.econbiz.de/10012849403
Experimental philosophy is a new interdisciplinary field that uses methods normally associated with psychology to investigate questions normally associated with philosophy. The present review focuses on research in experimental philosophy on four central questions. First, why is it that people's...
Persistent link: https://www.econbiz.de/10014174244
We report on experimental evidence rationalizing the use of heterogeneous agent models. We provide compelling evidence that subjects in laboratory experiments often behave in ways that depart from the rational choice ideal. Further, these subjects' heuristic approaches often differ from one...
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