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Diversity of Experimental Methods in Economics

  • Toshiji Kawagoe
  • Hirokazu Takizawa
Book

Table of contents

  1. Front Matter
    Pages i-vi
  2. Toshiji Kawagoe, Hirokazu Takizawa
    Pages 1-19
  3. Diversity in Experimental Methods

    1. Front Matter
      Pages 21-21
    2. Takizawa Hirokazu
      Pages 23-37
    3. Yasuyuki Sawada, Takeshi Aida
      Pages 39-60
    4. Naoko Taniguchi
      Pages 61-78
    5. Takeharu Igaki, Paul Romanowich, Takayuki Sakagami
      Pages 79-115
    6. Yohsuke Ohtsubo, Hiroki Tanaka
      Pages 117-144
  4. Critical Viewpoints

About this book

Introduction

This is the first book that examines the diverse range of experimental methods currently being used in the social sciences, gathering contributions by working economists engaged in experimentation, as well as by a political scientist, psychologists and philosophers of the social sciences. Until the mid-twentieth century, most economists believed that experiments in the economic sciences were impossible. But that’s hardly the case today, as evinced by the fact that Vernon Smith, an experimental economist, and Daniel Kahneman, a behavioral economist, won the Nobel Prize in Economics in 2002.

However, the current use of experimental methods in economics is more diverse than is usually assumed. As the concept of experimentation underwent considerable abstraction throughout the twentieth century, the areas of the social sciences in which experiments are applied are expanding, creating renewed interest in, and multifaceted debates on, the way experimental methods are used.

This book sheds new light on the diversity of experimental methodologies used in the social sciences. The topics covered include historical insights into the evolution of experimental methods; the necessary “performativity” of experiments, i.e., the dynamic interaction with the social contexts in which they are embedded; the application of causal inferences in the social sciences; a comparison of laboratory, field, and natural experiments; and the recent use of randomized controlled trials (RCTs) in development economics. Several chapters also deal with the latest heated debates, such as those concerning the use of the random lottery method in laboratory experiments.

Keywords

Experimental Economics Behavioral Economics Statistical Causal Inference Randomized Controlled Trial Philosophy of Economics

Editors and affiliations

  • Toshiji Kawagoe
    • 1
  • Hirokazu Takizawa
    • 2
  1. 1.Future University Hakodate HokkaidoJapan
  2. 2.Chuo University HachiojiJapan

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-13-6065-7
  • Copyright Information Springer Nature Singapore Pte Ltd. 2019
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-13-6064-0
  • Online ISBN 978-981-13-6065-7
  • Buy this book on publisher's site