Economic Theory and Experimental Economics
- (pp. 65-107)
AbstractThis 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.
CitationSamuelson, Larry. 2005. "Economic Theory and Experimental Economics." Journal of Economic Literature, 43 (1): 65-107. DOI: 10.1257/0022051053737816
- C90 Design of Experiments: General
- D00 Microeconomics: General