BE and EE: Cousins but not twins

Gary Charness and Brianna Halladay
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Brianna Halladay: Department of Economics, Eastern Connecticut State University, United States

Journal of Behavioral Economics for Policy, 2017, vol. 1, issue 2, 5-9

Abstract: While behavioral economics and experimental economics are largely aligned and share many similarities, they also share differences. Behavioral economics is a collection of theories and models while experimental economics is a tool. The clear union of behavioral and experimental economics allows for a continual growth of knowledge. Behavioral models are refined through observed behavior in the laboratory and observed laboratory behavior yields new behavioral models. Behavioral and experimental economics can very much follow a cycle. Both have become valuable tools to policy makers around the world.

Keywords: Experiments; Behavioral; Policy (search for similar items in EconPapers)
JEL-codes: A13 B49 C9 D91 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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