Problem Solving and Hypothesis Testing Using Economic Experiments

Darren Hudson

Journal of Agricultural and Applied Economics, 2003, vol. 35, issue 2, 337-347

Abstract: The roots and uses of economic experiments in problem solving and hypothesis testing are explored in the present article. The literature suggests that the primary advantage of economics experiments is the ability to use controlled stimuli to test economic hypotheses. Other literature also suggests that experiments are useful in problem solving settings. The advantages and disadvantages of experiments are discussed.

Date: 2003
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