Experimental Economics: A Test-Bed for the Unconditional Basic Income?

Sascha Füllbrunn (), Lei Delsen () and Jana Vyrastekova
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Lei Delsen: Institute for Management Research, Radboud University

Chapter Chapter 7 in Empirical Research on an Unconditional Basic Income in Europe, 2019, pp 171-199 from Springer

Abstract: Abstract Experimental economics is a method used by economists to explain or predict the behaviour of economic agents under a controlled institutional environment. This method can be used to test policies in order to inform policy-makers about the impact of proposed alternatives, referred to as ‘whispering in the ears of princes’ (Nobel prize winner Al Roth). In this chapter, we take a detailed look at this method and how it can help to understand the consequences of an Unconditional Basic Income. Additionally, we demonstrate a small scale experiments on risk-taking with and without the influence of the Unconditional Basic Income.

Keywords: Experimental economics; Unconditional basic income; Policy testing; Investment behaviour; Stated preferences (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-30044-9_7

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DOI: 10.1007/978-3-030-30044-9_7

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