- Title Pages
- Contributors
- Acknowledgments
- Series Introduction
- Introduction
- 1 Is Experimental Economics Living Up to Its Promise?
- 2 The Relationship Between Economic Theory and Experiments
- 3 On the Relationship Between Economic Theory and Experiments
- 4 Enhanced Choice Experiments
- 5 Intelligent Design: The Relationship Between Economic Theory and Experiments: Treatment-driven Experiments
- 6 The Interplay Between Theory and Experiments
- 7 Maxims for Experimenters
- 8 What is an Economic Theory That Can Inform Experiments?
- 9 The 1-800 Critique, Counterexamples, and the Future of Behavioral Economics
- 10 A General Model for Experimental Inquiry in Economics and Social Psychology
- 11 Psychology and Economics: Areas of Convergence and Difference
- 12 The Hammer and the Screwdriver
- 13 Discussion of “ Psychology and Economics: Areas of Convergence and Difference”
- Reprint: What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?
- 14 The Promise and Success of Lab–Field Generalizability in Experimental Economics: A Critical Reply to Levitt and List
- 15 Theory, Experimental Design, and Econometrics Are Complementary (And So Are Lab and Field Experiments)
- 16 Laboratory Experiments: The Lab in Relationship to Field Experiments, Field Data, and Economic Theory
- 17 Laboratory Experiments: Professionals Versus Students
- 18 The External Validity of Laboratory Experiments: The Misleading Emphasis on Quantitative Effects
- 19 The Lab and the Field: Empirical and Experimental Economics
- 20 On the Generalizability of Experimental Results in Economics
- Index
Enhanced Choice Experiments
Enhanced Choice Experiments
- Chapter:
- (p.86) 4 Enhanced Choice Experiments
- Source:
- Handbook of Experimental Economic Methodology
- Author(s):
Andrew Caplin
Mark Dean
- Publisher:
- Oxford University Press
Experiments that record more than standard choice data can improve the understanding of choice itself. This chapter illustrates the advantage of such “enhanced” choice data with an example. It describes an experiment which, in addition to recording the final decision made by subjects, incentivizes choices that are made in the prior period of contemplation. The resulting data provide insight into how people search for information on the alternatives available to them. This in turn improves the understanding of the decision-making process and its final outcome, which stands alone as the subject of interest in standard choice experiments.
Keywords: experimental economics, standard choice data, decision making, choice process
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- Title Pages
- Contributors
- Acknowledgments
- Series Introduction
- Introduction
- 1 Is Experimental Economics Living Up to Its Promise?
- 2 The Relationship Between Economic Theory and Experiments
- 3 On the Relationship Between Economic Theory and Experiments
- 4 Enhanced Choice Experiments
- 5 Intelligent Design: The Relationship Between Economic Theory and Experiments: Treatment-driven Experiments
- 6 The Interplay Between Theory and Experiments
- 7 Maxims for Experimenters
- 8 What is an Economic Theory That Can Inform Experiments?
- 9 The 1-800 Critique, Counterexamples, and the Future of Behavioral Economics
- 10 A General Model for Experimental Inquiry in Economics and Social Psychology
- 11 Psychology and Economics: Areas of Convergence and Difference
- 12 The Hammer and the Screwdriver
- 13 Discussion of “ Psychology and Economics: Areas of Convergence and Difference”
- Reprint: What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?
- 14 The Promise and Success of Lab–Field Generalizability in Experimental Economics: A Critical Reply to Levitt and List
- 15 Theory, Experimental Design, and Econometrics Are Complementary (And So Are Lab and Field Experiments)
- 16 Laboratory Experiments: The Lab in Relationship to Field Experiments, Field Data, and Economic Theory
- 17 Laboratory Experiments: Professionals Versus Students
- 18 The External Validity of Laboratory Experiments: The Misleading Emphasis on Quantitative Effects
- 19 The Lab and the Field: Empirical and Experimental Economics
- 20 On the Generalizability of Experimental Results in Economics
- Index
