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Economic Theory and Experimental Economics [PDF]

open access: yesJournal of Economic Literature, 2005
This paper explores the questions of how economic theory can be used to design and interpret experiments and how experimental results can be used to construct and interpret economic theories. The relationship between economic theory and experiments is modeled and illustrated with examples from both theoretical and experimental work. The emphasis is on
openaire   +1 more source

Are people ethical? An experimental approach [PDF]

open access: yes
Individual decision making, ethics, experimental ...
Donna Rowen, Michael Dietrich
core   +1 more source

Changes in Alcohol Retail Laws and Foot Traffic at Liquor Stores

open access: yesApplied Economic Perspectives and Policy, EarlyView.
ABSTRACT We study how expanding alcohol availability at grocery and convenience stores affects consumer traffic in liquor stores by leveraging recent changes in state‐level alcohol distribution laws in a difference‐in‐difference quasi‐experimental design.
Nathan Palardy   +3 more
wiley   +1 more source

Ethnicity and Time Preferences: Evidences from Afghanistan

open access: yesبرنامه‌ریزی و بودجه, 2019
Identity is one of the most essential factors affecting the behavior and economic performance of individuals. Identity economics, as an important subset of behavioral economics, studies the impact of different components of identity on human economic ...
Sayed Mohammad Hussaini   +3 more
doaj  

Toward a cognitive science of markets: economic agents as sense-makers

open access: yesEconomics: Journal Articles, 2019
Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that ...
Johnson Samuel G.B.
doaj   +1 more source

Beliefs and social behavior in a multi-period ultimatum game

open access: yesFrontiers in Behavioral Neuroscience, 2015
We conduct a multi-period ultimatum game in which we elicit players’ beliefs. Responders do not predict accurately the amount that will be offered to them, and do not get better in their predictions over time.
Ofer Haim Azar   +2 more
doaj   +1 more source

Pareto on the History of Economic Thought as an Aspect of Experimental Economics [PDF]

open access: yes
The reasons for studying the history of economic thought are diverse. The extreme range of reasons include suggestions that research in this field is: a way of passing time on an intellectual curiosity; an investment in human capital which contributes to
Michael McLure
core   +1 more source

Beyond the Ban—Shedding Light on Smallholders' Price Vulnerability in Indonesia's Palm Oil Industry

open access: yesApplied Economic Perspectives and Policy, EarlyView.
ABSTRACT The Indonesian government imposed a palm oil export ban in April 2022 to address rising cooking oil prices. This study explores oil palm smallholders' vulnerability to the policy using descriptive statistics, Lasso, and post‐Lasso OLS regressions.
Charlotte‐Elena Reich   +3 more
wiley   +1 more source

Experimental Economics: A Revolution in Understanding Behaviour [PDF]

open access: yes
What is the best compensation package to offer employees? How should choice among investments in pension plans be structured? Should a government use auctions to sell natural resources?
Jim Engle-Warnick, Sonia Laszlo
core  

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