Experimental Economics applies the laboratory method of inquiry to better understand how society operates. Experiments, in the lab and in the field, allow for a more precise investigation of how individual, social and institutional characteristics influence individual behavior and aggregate outcomes. Consequently, the lab can serve as a wind tunnel for policy analysis to better predict the responses and outcomes of competing policies. Such policy simulation increases the power of the economic inquiry and policy analysis.
Current Funded Projects
- The Effects of Sleep Deprivation on Decision-Making under Uncertainty as Measure with FMRI, funded by the National Science Foundation, 2008-2010.
- Billet Assignment and Resource Allocation Experiments, funded by the Office of Naval Research, 2008-2010.
- Designing Feasible and Efficient Climate Policies, Research Council of Norway, 2008-2011.