Until recently, economics was widely regarded as a non-experimental science that had to rely on observation of real-world economies rather than controlled laboratory experiments. Many commentators also found restrictive the common assumption of a homo oeconomicus motivated by self-interest and capable of making rational decisions. But research in economics has taken off in new directions. A lar...

Until recently, economics was widely regarded as a non-experimental science that had to rely on observation of real-world economies rather than controlled laboratory experiments. Many commentators also found restrictive the common assumption of a homo oeconomicus motivated by self-interest and capable of making rational decisions. But research in economics has taken off in new directions. A lar...

neuroeconomics that has merged from the interaction of neuroscience, economics and psychology, is. promising new approach to understanding human behavior in economic analysis, especially as an selector (that is the fundamental issue is economics). this article illustrate the advantages of neuroeconomics and with focus on methodology of economics and ability of this branch of economic for theori...

My goals in this paper are: (i) To give a pithy, opinionated summary of what has been learned about bounded rationality in individual decision making from experiments in economics and psychology (drawing on my 1995 Handbook of Experimental Economics chapter); and (ii) mention some promising new directions for research which would be included if that chapter were

Economics experiments have been used to study theories and policies that are often difficult to evaluate with data from naturally occurring markets. This paper is a selective summary of my work in the main areas of experimental economics: markets, individual decisions, games, and public choice. The discussion pertains both to scientific discoveries and teaching innovations.

1 Experimental and Applied Psychology, Faculty of Behavioral and Movement Sciences, Vrije Universiteit Amsterdam, Amsterdam, Netherlands, 2 Peter Löscher Chair of Business Ethics, TUM School of Management, Technische Universität München, Munich, Germany, Decision Analysis, School of Business and Economics, RWTH Aachen University, Aachen, Germany, 4 School of Economics, Faculty of Social Science...

a Center for Chinese Agricultural Policy, Institute of Geographical Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing, China b China Institute for Educational Finance Research, Peking University, Beijing, China c School of Economics and Management, Northwest University, Xi'an, China d Center for Experimental Economics in Education, Shaanxi Normal University, Xi'an, C...

This chapter surveys experimental research on networks in economics. The first part considers experiments on games played on networks. The second part discusses experimental research on markets and networks. It concludes by identifying important directions for future research.

Nearly two decades ago, Jason Shogren spoke at the Northeastern Agricultural and Resource Economics Association (NAREA) annual meeting about how the burgeoning field of experimental economics might be useful in addressing questions of interest to environmental and resource economists (Shogren 1993). At the time he spoke, in 1992, experimental economics was a niche field that primarily focused o...