Experimental Economics: An Introduction is a comprehensive guide to the field of experimental economics. This book provides an overview of the history and development of experimental economics, as well as an in-depth look at the various methods and techniques used in this field. It covers topics such as
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do. Experimental economics have also expanded to understand institutions and the law.