Advances in Efficient Design of Experiments in Economics

This Element highlights that making use of recent advances and adapting concepts from related fields can boost efficiency.

Michał Wiktor Krawczyk (Author), John Masson Noble (Author)

9781009263054, Cambridge University Press

Paperback / softback, published 16 January 2025

96 pages
23 x 15 x 0.5 cm, 0.164 kg

Amidst concerns about replicability but also thanks to the professionalisation of labs, the rise of pre-registration, the switch to online experiments, and enhanced computational power, experimental economics is undergoing rapid changes. They all call for efficient designs and data analysis, that is, they require that, given the constraints on participants' time, experiments provide as rich information as possible. In this Element the authors explore some ways in which this goal may be reached.

1. Introduction and overview of the element
2. Causality and random assignment
3. Optimal designs
4. Discrete choice experiments
5. Adaptive designs
References.

Subject Areas: Microeconomics [KCC]