Experimental economics is a sub‐discipline that employs controlled laboratory and field settings to investigate economic behaviour, test theoretical predictions, and inform policy. By designing ...

Despite an abundance of strong economic theory compiled over the decades, it’s still notoriously difficult to predict what economic systems will do. That’s because the economy is driven by an ...

Reproducibility is an important measure of validity in all fields of experimental science. If researcher A publishes a particular scientific result from his laboratory, researcher B should be able to ...

Using the scientific process of laboratory control and replication to study the critical causal relationships of economic behavior and to design improved policy, markets, and products that benefit ...

Vernon L. Smith is Regents Professor of Economics and research director of the Economic Science Laboratory at the University of Arizona. He is author of more than 100 articles and books on capital ...

The Center for Research in Experimental Economics and Political Decision Making (CREED) at the University of Amsterdam combines research approaches from behavioral economics, psychology, and ...

Economic theory is often tested using data from natural markets. In many cases, clear conclusions about theoretical propositions can be drawn by observing naturally occurring data. At other times, ...

Article by Katie Peikes Photos by Katie Peikes and submitted by UD Center for Experimental and Applied Economics October 03, 2024 Undergraduate students reflect on UD Center for Experimental and ...