Preface

Abstract

As the demand to substantiate predictions from economic theory with causal empirical evidence increases, economists have begun relying on controlled laboratory experiments. As this field has blossomed it has provided evidence confirming some of the key predictions of economic theory, exposing some of the weaker theoretical predictions, and highlighting the importance of non-pecuniary incentives such as trust and reciprocity in economic decision-making. This has resulted in a symbiotic relationship where experimental evidence is not only used to support theoretical conclusions but has pointed economists into bold and exciting new areas of investigation. In this volume I am pleased to present some of the most recent stimulating work in this field.

Citation

(2005), "Preface", Morgan, J. (Ed.) Experimental and Behavioral Economics (Advances in Applied Microeconomics, Vol. 13), Emerald Group Publishing Limited, Leeds, p. ix. https://doi.org/10.1016/S0278-0984(05)13010-7