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, ...

Reproducibility is an important measure of validity in all fields of experimental science. If researcher A publishes a particular scientific result from his laboratory, researcher B should be able to ...

Vernon L. Smith is Regents Professor of Economics and research director of the Economic Science Laboratory at the University of Arizona. He is author of more than 100 articles and books on capital ...

Despite an abundance of strong economic theory compiled over the decades, it’s still notoriously difficult to predict what economic systems will do. That’s because the economy is driven by an ...

Editor’s note: This story was first published on Econofact. The Nobel Memorial prize in Economic Sciences awarded this year to Abhijit Banerjee, Esther Duflo, and Michael Kremer has focused attention ...

Compass Lexecon, a subsidiary of FTI Consulting, Inc. (NYSE: FCN), today announced that Dr. Ori Heffetz, a Professor of Economics at the S.C. Johnson Graduate School of Management at Cornell ...

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 ...