The External validity in economic experiments

Miquel Mateu, Mar

The External validity in economic experiments

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Miquel Mateu, M. The External validity in economic experiments. 2013. handle: http://hdl.handle.net/10230/20979

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Abstract

One of the most important questions regarding experimental economics is the external validity of laboratory experiments. This paper goes through a study that tests the generalizability of a Dictator Game as a laboratory analogue for a naturally occurring/ndecision-making context of teacher absenteeism. Because lab and naturally-occurring environments systematically differ we then discuss other factors that might strongly affect the choices that individuals make. We conclude that the dichotomy drawn between lab/nexperiments and data collected from natural settings is a false one. A combination of the two would provide deeper and better insights than either separately.