Handbook of research methods and applications in experimental economics

The first Handbook in economics dedicated to the discussion of the methods of experimental economics, this timely book analyses the current state-of-the-art in the field. The chapters systematically cover the most relevant issues in experimental design and implementation, while also exploring novel research developments. Offering a comprehensive review of experimental methods in economics, this 21 chapter Handbook covers theoretical and practical issues including: recruitment, software and laboratory organization, incentives, data analysis, and theory and policy development. Expert scholars offer unique insight into laboratory procedures, replication studies, field experiments and neuroeconomics, while also providing a novel set-valued equilibrium concept. The combination of basic methods and current developments will aid both novice and advanced experimental economists. This is a must-read for economic researchers and scholars using experimental methodology, providing vital reference and clarifying issues that will arise when designing and running experiments. Graduate students of experimental and behavioral economics will also find this a useful guide in learning about the advanced tools this exciting field has to offer.-- Introduction, Arthur Schram and Aljaž Ule -- Part I Methods of Experimental Economics 1. Incentives, James C. Cox and Vjollca Sadiraj 2. Deception, Andreas Ortmann 3. Preference Measurement and Manipulation in Experimental Economics, Hande Erkut and Ernesto Reuben 4. Data Analysis, Peter G. Moffatt 5. Replication and other Practices for Improving Scientific Quality in Experimental Economics, Colin F. Camerer, Anna Dreber, and Magnus Johannesson -- Part II Field Experiments 6. Advantages and Disadvantages of Field Experiments, Anya Samek 7. Randomization in Field Experiments, Noemi Peter and Adriaan R. Soetevent -- Part III Neuroeconomics 8. Brain Measurement and Manipulation Methods, Jan B. Engelmann, Manon Mulckhuyse, and Chih-Chung Ting 9. An Introduction to Physiological Economics, Oliver J. Hulme, Edward J.D. Webb, and Alexander C. Sebald 10. Neuroeconomics: Data Analysis, Mael Lebreton and Kerstin Preuschoff 11. Homo Oeconomicus with a Personality—Trait-based Differences in Decision Making, Carsten K.W. De Dreu and Jörg Gross -- Part IV Developing Economic Theory and Policy 12. Taking Process into Account when Modelling Risky Choice, Graham Loomes 13. Rank-Dependent Choice Equilibrium: A Non-Parametric Generalization of QRE, Jacob K. Goeree, Charles A. Holt, Philippos Louis, Thomas R. Palfrey, and Brian Rogers 14. Experiments on Macroeconomics: Methods and Applications, Camille Cornand and Frank Heinemann 15. The Role of Experiments for Policy Design, Peter Werner and Arno Riedl -- Part V Experimental Procedures 16. Subject Pools and Recruitment, Ben Greiner and Marianne Stephanides 17. Software and Laboratory Organization, Joep Sonnemans and Ailko van der Veen 18. Cross-Cultural Behavioral Experiments: Potential and Challenges, Christian Thöni 19. Real-Effort Tasks, Jeffrey Carpenter and Emiliano Huet-Vaughn 20. Experimenter Demand Effects, Jonathan de Quidt, Lise Vesterlund, and Alistair J. Wilson 21. Communication in Laboratory Experiments, Jordi Brandts, David J. Cooper, and Christina Rott -- Inde