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Theory and experiment: what are the questions?

[journal article]

Smith, Vernon L.

Abstract

"This paper deals generally with testing questions that arise both when experimental observations are in accord with the actions we predict, and when they are not. In both cases the inference of truth from observation is inherently ambiguous, and we face the daunting challenge of using our experimen... view more

"This paper deals generally with testing questions that arise both when experimental observations are in accord with the actions we predict, and when they are not. In both cases the inference of truth from observation is inherently ambiguous, and we face the daunting challenge of using our experimental skills and imagination to reduce this ambiguity. Primarily and most difficult of all we have to constantly reevaluate everything, including ourselves, especially in examining how we talk about and interpret our data. Although I will be drawing on examples and experience from laboratory experiments, the issues I consider apply just as meaningfully to other empirical studies whether from field experiments or observations from past records of socioeconomic processes." [auhthor's abstract]... view less

Classification
National Economy
Basic Research, General Concepts and History of Economics

Free Keywords
Experimental Economics; Game Theory; Methodology of Science

Document language
English

Publication Year
2009

Page/Pages
p. 3-15

Journal
Journal of Economic Behavior & Organization, 73 (2009) 1

DOI
https://doi.org/10.1016/j.jebo.2009.02.008

Status
Postprint; peer reviewed

Licence
PEER Licence Agreement (applicable only to documents from PEER project)


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.