Data Analysis

This chapter describes and illustrates a number of techniques used in the econometric analysis of data from economic experiments. The principal theme will be experiments on choice under risk. Most, but not all, examples used are within this theme. The techniques range from the simple (treatment testing), through the intermediate techniques such as probit estimation, finding predicted probabilities and marginal effects, and interval regression, to a fairly advanced set of techniques that are applicable when repeated decisions are available from each subject (i.e. in panel data settings). Within the context of each example, the pros and cons of various methods of data analysis will be discussed. Some examples will be accompanied by STATA code.