Handbook of Research Methods and Applications in Experimental Economics
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Handbook of Research Methods and Applications in Experimental Economics

Edited by Arthur Schram and Aljaž Ule

This volume offers a comprehensive review of experimental methods in economics. Its 21 chapters cover theoretical and practical issues such as incentives, theory and policy development, data analysis, recruitment, software and laboratory organization. The Handbook includes separate parts on procedures, field experiments and neuroeconomics, and provides the first methodological overview of replication studies and a novel set-valued equilibrium concept. As a whole, the combination of basic methods and current developments will aid both beginners and advanced experimental economists.
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Chapter 4: Data analysis

Peter G. Moffatt

Abstract

This chapter describes and illustrates a number of techniques used in the econometric analysis of data from economic experiments. The principal theme is experiments on choice under risk. Most, but not all, examples used are within this theme. The techniques range from the simple (treatment testing), through the intermediate techniques such as probit estimation, finding predicted probabilities and marginal effects, and interval regression, to a fairly advanced set of techniques that are applicable when repeated decisions are available from each subject (i.e., in panel data settings). Within the context of each example, the pros and cons of various methods of data analysis are discussed. Some examples are accompanied by STATA code.

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