Experiments
In a typical behavioral economics experiment, a subject is asked to make a series of economic decisions. For example, a subject may be asked whether they prefer to have 45 cents or a gamble with a 50% chance of one dollar and 50% chance of nothing. The experimenter will then measure different variables in order to determine what is going on in the subject's brain as they make the decision. Some authors have demonstrated that Neuroeconomics' tools may be useful not only to describe experiments involving rewarding but may also be applied in order to describe the psychological behavior of common psychiatric syndromes involving addiction as well as delusion. (Download)
Read more about this topic: Neuroeconomics
Famous quotes containing the word experiments:
“The trouble with tea is that originally it was quite a good drink. So a group of the most eminent British scientists put their heads together, and made complicated biological experiments to find a way of spoiling it. To the eternal glory of British science their labour bore fruit.”
—George Mikes (b. 1912)
“My experiments did not turn out quite like yours, Henry. But science, like love, has her little surprises.”
—William Hurlbut (1883–?)
“The man who invented Eskimo Pie made a million dollars, so one is told, but E.E. Cummings, whose verse has been appearing off and on for three years now, and whose experiments should not be more appalling to those interested in poetry than the experiment of surrounding ice-cream with a layer of chocolate was to those interested in soda fountains, has hardly made a dent in the doughy minds of our so-called poetry lovers.”
—John Dos Passos (1896–1970)