Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

experimental economics  

Definition

  • Experimental economics refers to the method of controlled experimentation applied to the investigation of economic phenomena. It is used to investigate (1) individual decision making, (2) the coordination of economic actors via market mechanisms, and (3) cooperation of economic agents in nonmarket environments. [Source: Encyclopedia of Consumer Culture; Experimental Economics]

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/experimental_economics

Download this concept: