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Diversity of Experimental Methods in Economics pp 79–115Cite as

Experiments in Psychology: Current Issues in Irrational Choice Behavior

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Abstract

Psychology is the scientific study of behavior and the mind. To scientifically understand behavior and the mind, psychologists use diverse research methods such as experiments, questionnaire surveys, and interviews, among others.

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Notes

  1. 1.

    It is important to note that preference reversal mentioned in this section is different from the one typically examined in behavioral economics, which describes a divergence between the preference for objects (e.g., lotteries) and the monetary evaluation for those objects (for a review, see Seidl 2002).

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Authors and Affiliations

  1. Ryutsu Keizai University, 3-2-1 Shin-Matsudo, Matsudo-shi, 270-8555, Chiba-ken, Japan

    Takeharu Igaki

  2. University of Texas San Antonio, San Antonio, USA

    Paul Romanowich

  3. Keio University, Tokyo, Japan

    Takayuki Sakagami

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  2. Chuo University, Hachioji, Tokyo, Japan

    Hirokazu Takizawa

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Igaki, T., Romanowich, P., Sakagami, T. (2019). Experiments in Psychology: Current Issues in Irrational Choice Behavior. In: Kawagoe, T., Takizawa, H. (eds) Diversity of Experimental Methods in Economics. Springer, Singapore. https://doi.org/10.1007/978-981-13-6065-7_5

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