The Experts below are selected from a list of 17214 Experts worldwide ranked by ideXlab platform
Harro Maas - One of the best experts on this subject based on the ideXlab platform.
-
The Method of the Witness Seminar
History of Political Economy, 2018Co-Authors: Harro MaasAbstract:On May 28–29, 2010, twelve Experimental economists gathered at the Dutch Royal Academy of Arts and Sciences in Amsterdam for a witness seminar on the history of the Experiment in Economics. Though the witness seminar has been used as an oral method of research in contemporary history and in the history of medicine and technology, this was its first extensive use in the history of Economics. My contribution examines the witness seminar as a method of oral history, its merits and pitfalls, using this witness seminar on Experimental Economics as a nonrepresentative sample.
Ken Binmore - One of the best experts on this subject based on the ideXlab platform.
-
Why Experiment in Economics
Journal of Huaiyin Teachers College, 2012Co-Authors: Ken BinmoreAbstract:Scientific economists are not wasting their time in the laboratory.Scientific Experimental economists can settle down to the twofold role of consolidating economic theory in those contexts where it works fairly well,and providing a source of inspiration for revising the theory where it does not work so well.in situations where the theory does not work at all,we need to accept our limitations and look to disciplines like psychology for the answers.The comparative advantage of economists is that they not only understand the formal statements and institutions within which the assumptions from which statements are deduced are likely to be valid.
-
WHY Experiment in Economics
The Economic Journal, 1999Co-Authors: Ken BinmoreAbstract:Experimental Economics is now so popular that a Nobel prize is doubtless imminent for those who pioneered the subject. But one may ask what economists are doing in the laboratory at all. Would it not be better to leave laboratory Experiments to psychologists who are trained to run them properly? The answer to this question requires making the same distinction in social science that hard scientists make between physics and engineering. Physicists try to find out how the world works and engineers use whatever happens to be known at present to make things. A similar unacknowledged division exists in Economics between what one might call scientific economists and policy advisers. It seems to me uncontroversial that laboratory Experimentations for policy purposes-as in Plott's recent testing of the rules of the big American spectrum auction for the Federal Communications Commission-is not only firmly established as a tool for widening debate, but that it is an activity that can only sensibly be undertaken by economists who understand the institutions that are to be reformed. My concern is therefore with whether scientific economists are wasting their time in the laboratory. I think the answer would be yes if Economics were really as disastrous at predicting in the laboratory as the school of Kahneman and Tversky (1988) would have us believe. indeed, I think there would be a good case for abandoning Economics altogether if their wider claims were valid, since the rejoinder that Economics somehow only works in the field seems pretty feeble to me. However, we should not be so easily led by the nose. in the first place, economists should be aware how Kahneman and Tversky have been criticised in the Experimental psychology literature for the failure of their results to withstand simple robustness tests (Gigerenzer, 1996). Within our own literature, we have Bohm (1993, 1994) reporting that preference reversals disappear when subjects have strong enough incentives, Loomes (1993) reporting no endowment effect under some conditions, and Cubitt et al. (1996) finding no common-ratio effect under others. But there is a much more important point, which militates in favour of economists running their own Experiments. Under the circumstances in which the school of Kahneman and Tversky run Experiments, we should not expect to find economic theory predicting well anyway! I suppose that there are still economic theorists who believe that an invisible
Antonio Ponce De Leon - One of the best experts on this subject based on the ideXlab platform.
-
Optimal Design of an Experiment in Economics
The Economic Journal, 1996Co-Authors: Werner G. Müller, Antonio Ponce De LeonAbstract:This paper deals with the application of optimal design theory in a typical Experiment in Economics. It describes general principles for conducting efficient Experiments for model discrimination and illustrates the benefits of the techniques by an empirical comparison. Copyright 1996 by Royal Economic Society.
Werner G. Müller - One of the best experts on this subject based on the ideXlab platform.
-
Optimal Design of an Experiment in Economics
The Economic Journal, 1996Co-Authors: Werner G. Müller, Antonio Ponce De LeonAbstract:This paper deals with the application of optimal design theory in a typical Experiment in Economics. It describes general principles for conducting efficient Experiments for model discrimination and illustrates the benefits of the techniques by an empirical comparison. Copyright 1996 by Royal Economic Society.
Andrej Svorenčík - One of the best experts on this subject based on the ideXlab platform.
-
A Witness Seminar on the Emergency of Experimental Economics
The Making of Experimental Economics, 2016Co-Authors: H. H. Maas, Andrej SvorenčíkAbstract:On May 28 and 29, 2010, 11 Experimental economists gathered at the premises of the Royal Netherlands Academy of Arts and Sciences (KNAW) to participate in a so-called witness seminar on the history of the Experiment in Economics. The seminar was organized by Harro Maas and Andrej Svorencik, principal investigator and Ph.D. student on a grant project that was funded by the Netherlands Organisation for Scientific Research (NWO) on the history of observational practices in Economics.
