Experimental Topics
One can loosely classify economic experiments using the following topics:
- Markets
- Games
- Decision making
- Bargaining
- Auctions
- Coordination
- Social Preferences
- Learning
- Matching
- Field Experiments
Within economics education, one application involves experiments used in the teaching of economics. An alternative approach with experimental dimensions is agent-based computational modeling.
Read more about this topic: Experimental Economics
Famous quotes containing the word experimental:
“Whenever a man acts purposively, he acts under a belief in some experimental phenomenon. Consequently, the sum of the experimental phenomena that a proposition implies makes up its entire bearing upon human conduct.”
—Charles Sanders Peirce (1839–1914)
“If we take in our hand any volume; of divinity or school metaphysics, for instance; let us ask, Does it contain any abstract reasoning concerning quantity or number? No. Does it contain any experimental reasoning, concerning matter of fact and existence? No. Commit it then to flames: for it can contain nothing but sophistry and illusion.”
—David Hume (1711–1776)