Economic Theory and Experimental Economics
- 1 February 2005
- journal article
- Published by American Economic Association in Journal of Economic Literature
- Vol. 43 (1), 65-107
- https://doi.org/10.1257/0022051053737816
Abstract
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 combing theory and experiment to the benefit of both.Keywords
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