Experimental Economics: Rethinking the Rules

摘要

This is an extremely rich and cultured book that makes a large number of intelligent points about experimental methods. It also raises many sophisticated questions concerning what it means to test a theory and how one can test in an environment in which an error model unconstrained by theory is essential to judging empirical fit. It also looks to refute a number of in principle counterarguments against experimental economics, while at the same time taking a heavy pot shot at what it sees as the unnecessary domination of theory over fact in experimental economics. I agree with many of the individual points that are made in the book, but have a very different take on the appropriate relationship between economic theory and experimentation.