...Kyu Sang Lee This article takes one of the necessary, albeit rudimentary, steps toward coming to grips with the legitimation of laboratory experimentation in economics. To be specific, it aims to identify a subset of the nonexperimentalists in the economics profession who explicitly endorsed...

...Andrej Svorenčík Over two days in February 1988, several key experimental economists and cognitive psychologists met to explore the possibilities of joint research promoted by the Sloan and Russell Sage Foundations under the rubric behavioral economics. The original vision that the meeting could...

..., Multiperson Business Game. Journal of the Operations Research Society of America 5 ( August ): 469 -503. Belovicz , Meyer W. 1967 . The Sealed Bid Auction: Experimental Studies. Ph.D. thesis, Purdue University. Bowley , A. L. 1928 . On Bilateral Monopoly. The Economic Journal 38...

...Floris Heukelom To understand the relationship between experimental and behavioral economics, we need to go back to the late 1970s and early 1980s. In the 1970s, psychologists began conducting new kinds of experiments, the results of which seemed to falsify the assumption of rational individual...

...Robert J. Leonard Robert J. Leonard is assistant professor of economics at the Université du Québec, Montréal. He is interested in the history of contemporary economics and is currently completing a book on von Neumann, Morgenstem, and the history of game theory ( In the Spirit of Exact...

... allocation mechanisms. I use their study to trace and depict the emerging practice of applied experimental research as a multilayered endeavor which involves an interplay among theoretical, empirical, and practical considerations (akin to economic modeling) that allows the experimenter to move from...

...Harro Maas On May 28–29, 2010, twelve experimental economists gathered at the Dutch Royal Academy of Arts and Sciences in Amsterdam for a witness seminar on the history of the experiment in economics. Though the witness seminar has been used as an oral method of research in contemporary history...

... States. An experiment by the psychologist Louis Leon Thurstone was then the starting point for some clarifications about the role of experimental economics for the new theory of the consumer. The aim of this article is to throw light on the ins and outs of this issue of the ordinalist revolution...

... experimental economics—something that, given the ideological and intellectual constraints Aizerman was facing, was hardly possible in the Soviet context, but could have been a synthesis of economics and engineering. The article also discusses a research culture Aizerman created and nurtured in his lab...

...), and both groups of experimenters concluded that their findings supported the measurability of utility as well as EUT. The two experiments illuminate the interaction between economics and psychology in the 1940s and 1950s in several ways. First, their designs exhibit a tension between the economic image...

... Theories.” The Review of Economics and Statistics 40 : 332 – 38 . Svorenčík Andrej . 2015 . “The Experimental Turn: A History of Experimental Economics.” PhD thesis . University of Utrecht . ———. 2016 . “The Sidney Siegel Tradition in Experimental Economics: The Divergence...

...Vernon L. Smith This report summarizes some of the findings of an experimental investigation motivated by the question, How might exchange, specialization, and property—rules governing actions—emerge jointly in human economic betterment? Sparse experimental instructions in a virtual village...

... Svorenčík, The Making of Experimental Economics: Witness Seminar on the Emergence of a Field (2016). Ivan Moscati is an associate professor of economics at Insubria University, Varese, Italy, and teaches history of economics at Bocconi University, Milan. His research focuses on the history...

...Matthew T. Panhans; John D. Singleton While historians of economics have noted the transition toward empirical work in economics since the 1970s, less understood is the shift toward “quasi-experimental” methods in applied microeconomics. Joshua D. Angrist and Jörn-Steffen Pischke trumpet the wide...

... A. 1993 . “ Does Contingent Valuation Measure Preferences? Experimental Evidence .” In Hausman 1993 , 41 – 90 . Dufwenberg Martin Harrison Glenn W. 2008 . “ Peter Bohm: Father of Field Experiments .” Experimental Economics 11 ( 3 ): 213 – 20 . Edwards José M. 2010...

... Economics: Models of Consumer Behaviour. Economic Journal 82 : 1145 -1236. Castro, B., and K. Weingarten. 1970 . Toward Experimental Economics. Journal of Political Economy 78 : 598 -607. Chamberlin, E. H. 1948 . An Experimental Imperfect Market. Journal of Political Economy 56 : 95 -108...

...: Economists in a Federal System .” History of Political Economy 13 ( 3 ): 405 – 35 . Sent Esther-Mirjam . 1998 . The Evolving Rationality of Rational Expectations . Cambridge : Cambridge University Press . Svorenčík Andrej . 2015 . “ The Experimental Turn in Economics: A History...

...: “Behavioral Macroeconomics and Macroeconomic Behavior.” www.nobel.se/economics/laureates/2001/akerlof-video.html . Allison, James. 1983 . Behavioral Economics . New York: Praeger. Altman, Morris. Forthcoming. The Novel Prize in Behavioral and Experimental Economics: A Contextual and Critical Appraisal...

... of Colorado Denver, and his PhD from Duke University in 2017. His dissertation was awarded a National Academy of Education/Spencer Foundation fellowship. Andrej Svorenčík is a postdoctoral scholar at the Department of Economics, Univer- sity of Mannheim, where he manages the local experimental...

... with private knowledge of reservation values who compete through double-auction trading rules (with bids, asks, and acceptance messages). The experimental findings corroborated the old view of the price mechanism, as argued in section 2. We revisit the history of market economics to extract the old conception...