How Field Experiments in Economics Can Complement Psychological Research on Judgment Biases

John List

Natural Field Experiments from The Field Experiments Website

Abstract: This review summarizes results of field experiments examining individual behaviors across several market settings from - open-air markets to rideshare markets to tax-compliance markets - where people sort themselves into market roles wherein they make consequential decisions. Using three distinct examples from my own research on the endowment effect, left-digit bias, and omission bias, I showcase how field experiments can help researchers understand mediators, heterogeneity, and causal moderation involved in judgment biases in the field. In this manner, the review highlights that economic field experiments can serve an invaluable intellectual role alongside traditional laboratory research.

Date: 2021
New Economics Papers: this item is included in nep-cbe, nep-cwa and nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:feb:natura:00738

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