The better toolbox: Experimental Methodology in Economics and Psychology

Daniela Di Cagno, Werner Güth () and Giacomo Sillari

No 2/2015, Working Papers CESARE from Dipartimento di Economia e Finanza, LUISS Guido Carli

Abstract: In experimental economics one can confront a "don't!", as in "do not deceive your participants!" as well as a "do!", as in "incentivize choice making!". Neither exist in experimental psychology. Furthermore, controversies exist in both fields regarding data collection methods, e.g. play, strategy (vector) method in strategic game experiments, and concerns for external and internal validity, e.g. field versus lab experiments. In addition to touching on these aspects, we suggest ways to enrich the dimensionality of choice data, if possible, when maintaining the revealed-motive approach. Finally, and most mportantly, we recommend to elicit not only choice data but also to collect supplementary data shedding light on how participants deliberate before deciding.

Keywords: methodology; experiments; game theory (search for similar items in EconPapers)
JEL-codes: A12 B41 C70 C91 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-exp, nep-gth and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://economiaefinanza.luiss.it/sites/ricerca.eco ... ethodologyFINAL3.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 The requested content does not exist. (http://economiaefinanza.luiss.it/sites/ricerca.economiaefinanza.luiss.it/files/MethodologyFINAL3.pdf [307 Temporary Redirect]--> https://economiaefinanza.luiss.it/sites/ricerca.economiaefinanza.luiss.it/files/MethodologyFINAL3.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lui:cesare:1502

Access Statistics for this paper

More papers in Working Papers CESARE from Dipartimento di Economia e Finanza, LUISS Guido Carli Contact information at EDIRC.
Bibliographic data for series maintained by Daniela Di Cagno ( this e-mail address is bad, please contact ).