Experimental Topics
One can loosely classify economic experiments using the following topics:
- Markets
- Games
- Decision making
- Bargaining
- Auctions
- Coordination
- Social Preferences
- Learning
- Matching
- Field Experiments
Within economics education, one application involves experiments used in the teaching of economics. An alternative approach with experimental dimensions is agent-based computational modeling.
Read more about this topic: Experimental Economics
Famous quotes containing the word experimental:
“Philosophers of science constantly discuss theories and representation of reality, but say almost nothing about experiment, technology, or the use of knowledge to alter the world. This is odd, because ‘experimental method’ used to be just another name for scientific method.... I hope [to] initiate a Back-to-Bacon movement, in which we attend more seriously to experimental science. Experimentation has a life of its own.”
—Ian Hacking (b. 1936)
“The very hope of experimental philosophy, its expectation of constructing the sciences into a true philosophy of nature, is based on induction, or, if you please, the a priori presumption, that physical causation is universal; that the constitution of nature is written in its actual manifestations, and needs only to be deciphered by experimental and inductive research; that it is not a latent invisible writing, to be brought out by the magic of mental anticipation or metaphysical mediation.”
—Chauncey Wright (1830–1875)