Economic theory is often tested using data from natural markets. In many cases, clear conclusions about theoretical propositions can be drawn by observing naturally occurring data. At other times, ...

This course will introduce students to the experimental economics methodology. Experimental economics utilizes lab and natural experiments to investigate decision-making and motivations for observed ...

Vernon Smith isn't one to stand on ceremony. In fact, he had to practice bowing before receiving his Nobel Prize from the King of Sweden. "They were scared to death that I was going to wear my cowboy ...

Reproducibility is an important measure of validity in experimental science. If researcher A publishes a result from his laboratory, researcher B should be able to follow the same protocol and achieve ...

Nearly 400 years ago Galileo performed the first recorded laboratory experiment, timing balls as they rolled down an inclined plane to test his theory of acceleration. Since that time, laboratory ...

Incentive compatibility is core to mechanism design. The success of auctions, matching algorithms, and voting systems all hinge on the ability to select incentives that make it in the individual's ...

Our M.S. in Agricultural and Resource Economics (AREC) program encourages students to use analytical skills to engage with meaningful questions about human behavior in the environment. These are the ...

Editor’s note: This story was first published on Econofact. The Nobel Memorial prize in Economic Sciences awarded this year to Abhijit Banerjee, Esther Duflo, and Michael Kremer has focused attention ...

Experimental economics is a sub‐discipline that employs controlled laboratory and field settings to investigate economic behaviour, test theoretical predictions, and inform policy. By designing ...