The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Experiments and Econometrics

  • Daniel E. Houser
Reference work entry


‘Experimetrics’ refers to formal procedures used in designed investigations of economic hypotheses. Fundamental experimetric contributions by Ronald A. Fisher provided the foundation for a rich literature informing the design and analysis of economics experiments. Key components of this foundation include the concepts of randomization, independence and blocking. Experimetric analysis plays a central role in advancing economic models, and will gain further importance as scholars adopt increasingly sophisticated designed research programmes to illuminate positive economic theory.


Blocking Causal inference Exact Test (R. A. Fisher) Experimental economics Experiments and econometrics Experimetrics Fisher, R. A. Individual learning in games Neuroeconomics Quantal response equilibrium Randomization 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Daniel E. Houser
    • 1
  1. 1.