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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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Is Experimental Economics Living Up to Its Promise?

Is Experimental Economics Living Up to Its Promise?

Chapter:
1 Is Experimental Economics Living Up to Its Promise?
Source:
Handbook of Experimental Economic Methodology
Author(s):

Alvin E. Roth

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195328325.003.0002

This chapter addresses the question of whether experimental economics is living up to its promise of an informing theory, discovering new facts, and enlightening policy. By and large the answer is yes and examples are provided where, with the help of experiments, theory has gone through a process of creative destruction from theory testing, to exploring unpredicted regularities, to theory building and testing again.

Keywords:   experiments economics, economic theory, theory testing, theory building, experiments

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