Experimetrics

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Experimetrics refers to the application of econometrics to economics experiments.[1] Experimetrics refers to formal procedures used in designed investigations of economic hypotheses.[2]

One branch of experimetrics uses experiments to evaluate the performance of econometric estimators [3]

In short, experimetrics is the field of study that lies at the intersection of experimental economics and econometrics. It refers to a broad swath of the economics literature, and encompasses both the theoretical and statistical basis of econometrics, as well as the methodology of the experimental method.

References[edit]

  1. ^ Colin Camerer, Behavioral Game Theory: Experiments in Strategic Interaction (2003), p. 42.
  2. ^ Houser, D. (2008) "Experiments and Econometrics" In: Durlauf, S. and Blume L. (Eds.), New Palgrave Dictionary of Economics, 2nd edition. Palgrave-MacMillan. ISBN 0-333-78676-9
  3. ^ Cox,J.C., Oaxaca, R.L. (2009) "Chapter 114 Experimetrics: The Use of Market Experiments to Evaluate the Performance of Econometric Estimators", In: Charles R. Plott and Vernon L. Smith, Editor(s) (2008) Handbook of Experimental Economics Results, Elsevier, 2008, Volume 1, Pages 1078-1086, ISBN 978-0-444-82642-8, doi: 10.1016/S1574-0722(07)00114-X PDF preprint
  • Bardsley, Nicholas and Moffatt, Peter Grant, (2007), "The Experimetrics of Public Goods: Inferring Motivations from Contributions", Theory and Decision, 62 (2), 161–193 doi:10.1007/s11238-006-9013-3