LEC 5 - FIELD EXPERIMENTS Flashcards
what are field experiments
Like laboratory experiments, field experiments use randomization, but do so in naturally-occurring settings, in certain cases using experienced subjects who might not be aware that they are participants in an experiment.’
– Levitt & List (2009, p. 2)
what’s the critique of laboratory experiments
Environment - ‘Sterile’ or ‘game-like’
Context - Commodities and stakes are often not realistic and often do not vary
Subject pool - Students not representative of whole population
Time - Cannot invoke intertemporal decision making/distinguish between short run and long run
put the following on a continuum from controlled data to naturally occurring data: • LAB: Laboratory Experiment • AFE: Artefactual Field Experiment • FFE: Framed Field Experiment • NFE: Natural Field Experiment • NE: Natural Experiment
what experiment would be best to test a theory and behaviour
theory - lab experiment
behaviour - field experiment
what's the common characteristics of the following: • LAB: Laboratory Experiment • AFE: Artefactual Field Experiment • FFE: Framed Field Experiment • NFE: Natural Field Experiment • NE: Natural Experiment