scholarly journals Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments

Econometrica ◽  
2006 ◽  
Vol 74 (5) ◽  
pp. 1365-1384 ◽  
Author(s):  
Uri Gneezy ◽  
John A List
2011 ◽  
Vol 7 (4) ◽  
pp. 517-522 ◽  
Author(s):  
CHRISTOPHER CLAGUE

Abstract:Economics has changed enormously since Professor Ha-Joon Chang burst onto the scene in the early 1990s. His critiques of mainstream economics are far more applicable to the discipline at that time than they are now. Whatever the shortcomings of the current literature on institutions and development, progress is not being held back by conceptual blinders imposed by economic orthodoxy. Game theory and behavioral economics have enriched the menu of models acceptable in the professional journals. More important, empirical standards have greatly advanced. Behavioral models are being confronted with computerized games and even with in-the-field experiments, especially in poor countries where recruiting experimental subjects is cheaper. The recent literature does not merely undermine traditional assumptions; it offers parsimonious interpretations that help us to understand the economy and the polity better than before.


2002 ◽  
Vol 10 (4) ◽  
pp. 325-342 ◽  
Author(s):  
Rose McDermott

Experiments offer a useful methodological tool to examine issues of importance to political scientists. The historical and cultural differences between experiments in behavioral economics and social psychology are discussed. Issues of central concern to experimentalists are covered, including impact versus control, mundane versus experimental realism, internal versus external validity, deception, and laboratory versus field experiments. Advantages and disadvantages of experimentation are summarized.


2020 ◽  
Vol 66 (10) ◽  
pp. 4359-4377 ◽  
Author(s):  
John A. List ◽  
Daan van Soest ◽  
Jan Stoop ◽  
Haiwen Zhou

We explore how individual equilibrium effort in tournaments varies with the number of contestants. The probability of winning a tournament depends on both effort and luck, and we show that the distribution of the luck component is critical in determining individual equilibrium effort. Our theory predicts that equilibrium effort is an increasing (decreasing) function of the number of contestants if there is considerable (little) mass on favorable draws. We test our theory using both laboratory and field experiments, and find substantial support for our theory in both settings. This paper was accepted by Teck Ho, behavioral economics.


2010 ◽  
Vol 76 (3) ◽  
pp. 544-548 ◽  
Author(s):  
Jordi Brandts ◽  
Klarita Gërxhani ◽  
Arthur Schram ◽  
Jolanda Ygosse-Battisti
Keyword(s):  

2018 ◽  
Vol 2 (1) ◽  
pp. 1-21 ◽  
Author(s):  
JOHN A. LIST ◽  
ANYA SAMEK ◽  
DANA L. SUSKIND

AbstractBehavioral economics and field experiments within the social sciences have advanced well beyond academic curiosum. Governments around the globe as well as the most powerful firms in modern economies employ staffs of behavioralists and experimentalists to advance and test best practices. In this study, we combine behavioral economics with field experiments to reimagine a new model of early childhood education. Our approach has three distinct features. First, by focusing public policy dollars on prevention rather than remediation, we call for much earlier educational programs than currently conceived. Second, our approach has parents at the center of the education production function rather than at its periphery. Third, we advocate attacking the macro education problem using a public health methodology, rather than focusing on piecemeal advances.


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