Nearly 400 years ago Galileo performed the first recorded laboratory experiment, timing balls as they rolled down an inclined plane to test his theory of acceleration. Since that time, laboratory ...

Economic theory is often tested using data from natural markets. In many cases, clear conclusions about theoretical propositions can be drawn by observing naturally occurring data. At other times, ...

Using the scientific process of laboratory control and replication to study the critical causal relationships of economic behavior and to design improved policy, markets, and products that benefit ...

Vernon L. Smith, known as the father of experimental economics, began his academic career at Purdue's Krannert School of Management in 1955. Smith came back to Purdue and spent part of the 2000 school ...

Nobel Prize-winning economist Vernon Smith was in Australia last week to lecture at the Macquarie Graduate School of Management in Sydney. In addition to his academic obligations, he caused a minor ...

Two Americans have been awarded this year’s Nobel in economic science for separate work that brought experimental methods to bear on economic behavior. Daniel Kahneman, of Princeton University, and ...

Nobel laureate economist Vernon Smith spent three years at the University of Alaska Anchorage late in his career, and UAA has now named the centerpiece of its experimental economics program after him.

The Dornsife College of Letters, Arts and Sciences’ economics department opened a computerized research lab to study economic decision-making. Experiments are set to begin this semester once the lab ...

Experimental economics is a sub‐discipline that employs controlled laboratory and field settings to investigate economic behaviour, test theoretical predictions, and inform policy. By designing ...

Experimental economics is the use of experimental methods to evaluate theoretical predictions of economic behaviour. It uses controlled, scientifically-designed experiments to test economic theories ...