Author: Samuelson, Larry

Source: Journal of Economic Literature, Volume 43, Number 1, March 2005 , pp. 65-107(43)

Publisher: American Economic Association

Abstract:

This paper explores the questions of how economic theory can be used to design and interpret experiments and how experimental results can be used to construct and interpret economic theories. The relationship between economic theory and experiments is modeled and illustrated with examples from both theoretical and experimental work. The emphasis is on combing theory and experiment to the benefit of both.

Document Type: Research article

DOI: http://dx.doi.org/10.1257/0022051053737816

Publication date: 2005-03-01

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• The Journal of Economic Literature (JEL) began publication in 1969 under the auspices of the American Economic Association with quarterly issues appearing in March, June, September, and December. JEL contains survey and review articles, book reviews, an annotated bibliography of newly published books, and a list of current dissertations in North American universities.
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