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WHAT'S TO KNOW ABOUT LABORATORY EXPERIMENTATION IN ECONOMICS?
Author(s) -
Feltovich Nick
Publication year - 2011
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.2010.00676.x
Subject(s) - experimental economics , economics , economics education , applied economics , incentive , positive economics , neoclassical economics , field (mathematics) , schools of economic thought , public economics , microeconomics , higher education , economic growth , mathematics , pure mathematics
Experimental economics has grown as a discipline from near non‐existence 50 years ago to a full‐fledged field within economics in the present. Much of experimental economics research involves experimental methods as a tool, applied to problems in other fields of economics. However, some of this research is inward looking, focusing on questions of the methodology of experimental economics. In this note, I briefly discuss two methodological issues in experimental economics that might benefit from meta‐analysis: the pool from which experimental participants are drawn (university undergraduate students versus other populations) and the scale of monetary incentives faced by participants (large, small or hypothetical).