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Handbook of Experimental Economic Methodology$
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Guillaume R. Fréchette and Andrew Schotter

Print publication date: 2015

Print ISBN-13: 9780195328325

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:oso/9780195328325.001.0001

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Psychology and Economics: Areas of Convergence and Difference

Psychology and Economics: Areas of Convergence and Difference

Chapter:
(p.181) 11 Psychology and Economics: Areas of Convergence and Difference
Source:
Handbook of Experimental Economic Methodology
Author(s):

Tom R. Tyler

David M. Amodio

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195328325.003.0012

This chapter highlights three differences in psychology and economic research: the focus of study, what is appropriate research design, and issues involved in the study of economics in the context of the brain. At its core, the clash of methods appears to concern issues of experimental validity that arise when attempting to infer underlying (i.e. “latent”) psychological variables from observable (i.e. “manifest”) responses, such as behavior or physiology. While economists interests have moved toward a greater focus on underlying psychological constructs that are not directly observable, their experimental practices require updating to deal with the new challenges of psychological investigation.

Keywords:   research design, experimental economics, experimental psychology, research design, experimental practices

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