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A History of Statistical Methods in Experimental Economics
- Source :
- European Journal of the History of Economic Thought, European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2018, 25 (6)
- Publication Year :
- 2018
- Publisher :
- HAL CCSD, 2018.
-
Abstract
- International audience; Experimental economists increasingly apply econometric techniques to interpret their data, as suggests the emergence of " experimetrics " in the 2000s. Yet statistics remains a minor topic in historical and methodological writings on experimental economics (EE). This article aims to address this lacuna. To do so, we analyze the use of statistical tools in EE from early economics experiments of the 1940s-1950s to the present days. Our narrative is based on qualitative analysis of papers published in early periods and quantitative analysis of papers published in more recent periods. Our results reveal a significant change in EE' statistical methods, namely an evolution from purely descriptive methods to more sophisticated and standardized techniques. We also highlight that, despite the decisive role played by statistics in the way EE estimate the rationality of individuals or markets, statistics are still considered as involving non-methodological issues, i.e., as involving only purely technical issues. Our historical analysis shows that this technical conception was the result of a long-run evolution of the process of scientific legitimization of EE, which allowed experimental economists to escape from psychologist's more reflexive culture toward statistics.
- Subjects :
- History
Experimental Economics
060106 history of social sciences
Economics, Econometrics and Finance (miscellaneous)
Minor (academic)
[SHS.HISPHILSO]Humanities and Social Sciences/History, Philosophy and Sociology of Sciences
JEL: B - History of Economic Thought, Methodology, and Heterodox Approaches
History and Philosophy of Science
0502 economics and business
medicine
0601 history and archaeology
Econometrics
050207 economics
Positive economics
History of economic thought
JEL: C - Mathematical and Quantitative Methods
JEL: D - Microeconomics
General Arts and Humanities
05 social sciences
History of Economic Thought
Statistics
Methodology
06 humanities and the arts
Experimental economics
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
medicine.anatomical_structure
Quantitative analysis (finance)
Lacuna
Subjects
Details
- Language :
- English
- ISSN :
- 09672567 and 14695936
- Database :
- OpenAIRE
- Journal :
- European Journal of the History of Economic Thought, European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2018, 25 (6)
- Accession number :
- edsair.doi.dedup.....d699e5422798228bc8608de46308d6b2