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 ...

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 ...

Despite an abundance of strong economic theory compiled over the decades, it’s still notoriously difficult to predict what economic systems will do. That’s because the economy is driven by an ...

University research labs are very common in science, technology, engineering, and math (STEM) and related fields. Those labs serve an important purpose for faculty and students. Students learn ...

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, ...

For the last 15 years, economist Kay-Yut Chen has been quietly toiling away in Hewlett-Packard's labs, running experiments mostly on nearby Stanford students to help determine such things as the best ...

Nobel laureate economist Vernon Smith spent three years at the University of Alaska Anchorage late in his career, and UAA has now named the centerpiece of its experimental economics program after him.