Journal of Economic Literature - Book Review

Experimental Economics: Rethinking the Rules by Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffatt, Chris Starmer and Robert Sugden

Published By: Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-12479-7
Date of Publication: 2010

Gary E. Bolton of Pennsylvania State University reviews "Experimental Economics: Rethinking the Rules" by Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffatt, Chris Starmer, and Robert Sugden. The EconLit Abstract of the reviewed work begins "Assesses the role, scope, output to date, and future potential of experimental research in economics. Discusses theory testing and the domain of economic theory; experimental testing in practice; experiments and inductive generalization; external validity; incentives in experiments; and noise and...." Assesses the role, scope, output to date, and future potential of experimental research in economics. Discusses theory testing and the domain of economic theory; experimental testing in practice; experiments and inductive generalization; external validity; incentives in experiments; and noise and variability in experimental data. Bardsley is Senior Research Fellow at the National Centre for Research Methods at the University of Southampton. Cubitt is Professor of Economics and Decision Research at the University of Nottingham. Loomes is Professor of Economic Behavior and Decision Theory at the University of East Anglia. Moffatt is Reader in Econometrics at the University of East Anglia. Starmer is Professor of Experimental Economics at the University of Nottingham. Sugden is Professor of Economics at the University of East Anglia. Index.

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Gary E. Bolton of Pennsylvania State University

C90: Design of Experiments: General