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  3. Journal of Economic Literature
  4. March 2005
  5. Economic Theory and Experimental Economics

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Economic Theory and Experimental Economics

  • Larry Samuelson
Journal of Economic Literature
vol. 43, no. 1, March 2005
(pp. 65–107)
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Abstract

This paper explores the questions of how economic theory can be used to design and interpret experiments and how experimental results can be used to construct and interpret economic theories. The relationship between economic theory and experiments is modeled and illustrated with examples from both theoretical and experimental work. The emphasis is on combing theory and experiment to the benefit of both.

Citation

Samuelson, Larry. 2005. "Economic Theory and Experimental Economics." Journal of Economic Literature, 43 (1): 65–107. DOI: 10.1257/0022051053737816

JEL Classification

  • C90 Design of Experiments: General
  • D00 Microeconomics: General