Diversity of Experimental Methods in Economics

This is the first book that examines the diverse range of experimental methods currently being used in the social sciences, gathering contributions by working economists engaged in experimentation, as well as by a political scientist, psychologists and ph

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Diversity of Experimental Methods in Economics

Diversity of Experimental Methods in Economics

Toshiji Kawagoe Hirokazu Takizawa •

Editors

Diversity of Experimental Methods in Economics

123

Editors Toshiji Kawagoe Future University Hakodate Hokkaido, Japan

Hirokazu Takizawa Chuo University Hachioji, Tokyo, Japan

ISBN 978-981-13-6064-0 ISBN 978-981-13-6065-7 https://doi.org/10.1007/978-981-13-6065-7

(eBook)

Library of Congress Control Number: 2018967418 © Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Contents

Diversity of Experimental Methods in Economics: An Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Toshiji Kawagoe and Hirokazu Takizawa Part I

1

Diversity in Experimental Methods

Laboratory Experiments in Game Theory . . . . . . . . . . . . . . . . . . . . . . Takizawa Hirokazu

23

The Field Experiment Revolution in Development Economics . . . . . . . Yasuyuki Sawada and Takeshi Aida

39

Experimental Research in Political Science . . . . . . . . . . . . . . . . . . . . . Naoko Taniguchi

61

Experiments in Psychology: Current Issues in Irrational Choice Behavior . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Takeharu Igaki, Paul Romanowich and Takayuki Sakagami Evolutionary Psychology and Economic Game Experiments . . . . . . . . Yohsuke Ohtsubo and Hiroki Tanaka Part II

79 117

Critical Viewpoints

Reconsidering Induced Value Theory . . . . . . . . . . . . . . . . . . . . . . . . . . Toshiji Kawagoe Billions of Dollars Worth of Experiments: Calibrating Clinical Trial Investments . . . . . . . . . . . . . .