Experiments as exhibits and experiments as tests

Research output: Contribution to journalArticlepeer-review

46 Citations (Scopus)

Abstract

Two roles of experiments in behavioural economics are distinguished - experiments as exhibits and experiments as tests of theories. An exhibit is an experimental design which reliably induces a surprising regularity, typically combined with an informal hypothesis about the underlying causal mechanism. 'Deviation theories' - generalisations of received theories which incorporate additional causal mechanisms - are constructed so as to be consistent with known exhibits, and tested in new situations. The paper argues that the principles of good practice are different for the two types of experiment, in part because of a tendency for successful exhibits to be produced by several causal mechanisms.
Original languageEnglish
Pages (from-to)291-302
Number of pages12
JournalJournal of Economic Methodology
Volume12
Issue number2
DOIs
Publication statusPublished - 1 Jun 2005

Keywords

  • experimental economics
  • behavioural economics
  • exhibit

Cite this