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Rules for Experimenting in Psychology and Economics, and Why They Differ

Camerer, Colin F. (1995) Rules for Experimenting in Psychology and Economics, and Why They Differ. Social Science Working Paper, 946. California Institute of Technology , Pasadena, CA. (Unpublished)

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This chapter discusses methodological differences in the way economists and psychologists typically conduct experiments. The main argument is that methodological differences spring from basic differences in the way knowledge is created and cumulated in the two fields - especially the important role of simple, formal theory in economics which is largely absent in psychology.

Item Type:Report or Paper (Working Paper)
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URLURL TypeDescription ItemPublished Version
Camerer, Colin F.0000-0003-4049-1871
Additional Information:Comments from participants at the Big Ten Accounting Doctoral Consortium, Minneapolis 5/13-15/94, Chip Heath, Wulf Albers, and Werner Guth, were helpful. Many conversations over the years—particularly with Daniel Kahneman, Charlie Plott, and Richard Thaler, and numerous coauthors—have shaped the contents of this paper. Discussions at the Russell Sage Foundation during my 1991-92 visit there were especially formative. Published as Camerer, Colin. "Rules for experimenting in psychology and economics, and why they differ." In Understanding Strategic Interaction, pp. 313-327. Springer Berlin Heidelberg, 1997.
Group:Social Science Working Papers
Subject Keywords:Experimental economics, psychology, bounded rationality.
Series Name:Social Science Working Paper
Issue or Number:946
Classification Code:JEL: 036, 215
Record Number:CaltechAUTHORS:20170817-144503614
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:80576
Deposited By: Jacquelyn Bussone
Deposited On:21 Aug 2017 17:05
Last Modified:03 Oct 2019 18:32

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