WHAT'S TO KNOW ABOUT LABORATORY EXPERIMENTATION IN ECONOMICS?
Article first published online: 11 JAN 2011
© 2011 Blackwell Publishing Ltd
Journal of Economic Surveys
Volume 25, Issue 2, pages 371–379, April 2011
How to Cite
Feltovich, N. (2011), WHAT'S TO KNOW ABOUT LABORATORY EXPERIMENTATION IN ECONOMICS?. Journal of Economic Surveys, 25: 371–379. doi: 10.1111/j.1467-6419.2010.00676.x
- Issue published online: 3 MAR 2011
- Article first published online: 11 JAN 2011
- Field experiments;
- Laboratory experiments;
- Subject pool
Abstract 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).