In experimental economics one can confront a “don’t!”, as in “do not deceive your participants!”, as well as a “do!”, as in “incentivize choice making!”. Neither exists in experimental psychology. Further controversies exist in data collection methods, e.g., play strategy (vector) method in game experiments, and how to guarantee external and internal validity by describing experimental scenarios by feld-related vignettes or by abstract, often formal, rules as it is used in decision and game theory. We emphasize that diferences between the experimental methodology of the two disciplines are minor rather than substantial and suggest that such diferences should be resolved, as much as possible, through empirical research. Rather than focusing on familiar debates, we suggest to substitute the revealed-motive approach in experimental economics by designs whose data not only inform about choice, but also about the reasoning dynamics.

The better toolbox: experimental methodology in economics and psychology / Di Cagno, Daniela Teresa; Guth, W.; Sillari, Giacomo. - In: MIND & SOCIETY. - ISSN 1860-1839. - (2023), pp. ---. [10.1007/s11299-023-00295-1]

The better toolbox: experimental methodology in economics and psychology

Di Cagno D.;Sillari G.
2023

Abstract

In experimental economics one can confront a “don’t!”, as in “do not deceive your participants!”, as well as a “do!”, as in “incentivize choice making!”. Neither exists in experimental psychology. Further controversies exist in data collection methods, e.g., play strategy (vector) method in game experiments, and how to guarantee external and internal validity by describing experimental scenarios by feld-related vignettes or by abstract, often formal, rules as it is used in decision and game theory. We emphasize that diferences between the experimental methodology of the two disciplines are minor rather than substantial and suggest that such diferences should be resolved, as much as possible, through empirical research. Rather than focusing on familiar debates, we suggest to substitute the revealed-motive approach in experimental economics by designs whose data not only inform about choice, but also about the reasoning dynamics.
2023
Methodology, Experiments, Decision and game theory, Cognitive psychology, Reasoning dynamics
The better toolbox: experimental methodology in economics and psychology / Di Cagno, Daniela Teresa; Guth, W.; Sillari, Giacomo. - In: MIND & SOCIETY. - ISSN 1860-1839. - (2023), pp. ---. [10.1007/s11299-023-00295-1]
File in questo prodotto:
File Dimensione Formato  
s11299-023-00295-1.pdf

Open Access

Tipologia: Versione dell'editore
Licenza: Creative commons
Dimensione 603.44 kB
Formato Adobe PDF
603.44 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/228258
Citazioni
  • Scopus 0
  • ???jsp.display-item.citation.isi??? ND
  • OpenAlex ND
social impact