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Experimental Economics (experimental + economics)
Selected AbstractsExperimental Economics is here to StayPACIFIC ECONOMIC REVIEW, Issue 3 2000Stuart Mestelman First page of article [source] Philosophical Issues Arising from Experimental EconomicsPHILOSOPHY COMPASS (ELECTRONIC), Issue 3 2007Zachary Ernst Human beings are highly irrational, at least if we hold to an economic standard of ,rationality'. Experimental economics studies the irrational behavior of human beings, with the aim of understanding exactly how our behavior deviates from the Homo economicus, as ,rational man' has been called. Insofar as philosophical theories depend upon rationality assumptions, experimental economics is the source of both problems and (at least potential) solutions to several philosophical issues. This article offers a programmatic and highly biased survey of some of these issues, with the hope of convincing the reader that experimental economics is well-deserving of careful study by philosophers. [source] Marktdesign und Experimentelle WirtschaftsforschungPERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 2009Axel Ockenfels Institutions matter because they affect incentives, and decision makers respond to incentives. Yet, they do not always do so rationally. Experimental economics complements economic theory by observing the performance of mechanisms in the context of actual decision processes faced by real people. It also answers questions that cannot be answered by theory and field data, tests hypotheses and identifies causalities suggested by theory and field observations, collects facts and phenomena that may stimulate behavioral theories of market design, eases cross-disciplinary cooperation, and communicates economic research to market participants, managers and other real-world decision makers. This article presents selected examples to illustrate how experimental economics may interplay with the more traditional economic toolbox to promote economic engineering both in research and in practice. [source] Philosophical Issues Arising from Experimental EconomicsPHILOSOPHY COMPASS (ELECTRONIC), Issue 3 2007Zachary Ernst Human beings are highly irrational, at least if we hold to an economic standard of ,rationality'. Experimental economics studies the irrational behavior of human beings, with the aim of understanding exactly how our behavior deviates from the Homo economicus, as ,rational man' has been called. Insofar as philosophical theories depend upon rationality assumptions, experimental economics is the source of both problems and (at least potential) solutions to several philosophical issues. This article offers a programmatic and highly biased survey of some of these issues, with the hope of convincing the reader that experimental economics is well-deserving of careful study by philosophers. [source] Marktdesign und Experimentelle WirtschaftsforschungPERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 2009Axel Ockenfels Institutions matter because they affect incentives, and decision makers respond to incentives. Yet, they do not always do so rationally. Experimental economics complements economic theory by observing the performance of mechanisms in the context of actual decision processes faced by real people. It also answers questions that cannot be answered by theory and field data, tests hypotheses and identifies causalities suggested by theory and field observations, collects facts and phenomena that may stimulate behavioral theories of market design, eases cross-disciplinary cooperation, and communicates economic research to market participants, managers and other real-world decision makers. This article presents selected examples to illustrate how experimental economics may interplay with the more traditional economic toolbox to promote economic engineering both in research and in practice. [source] Philosophical Issues Arising from Experimental EconomicsPHILOSOPHY COMPASS (ELECTRONIC), Issue 3 2007Zachary Ernst Human beings are highly irrational, at least if we hold to an economic standard of ,rationality'. Experimental economics studies the irrational behavior of human beings, with the aim of understanding exactly how our behavior deviates from the Homo economicus, as ,rational man' has been called. Insofar as philosophical theories depend upon rationality assumptions, experimental economics is the source of both problems and (at least potential) solutions to several philosophical issues. This article offers a programmatic and highly biased survey of some of these issues, with the hope of convincing the reader that experimental economics is well-deserving of careful study by philosophers. [source] | ||||||||||