Podcast
Questions and Answers
Why is experimentation considered a fundamental step in the scientific method?
Why is experimentation considered a fundamental step in the scientific method?
- It helps in the marketing of new scientific theories
- It allows scientists to prove their personal opinions
- It is the only way to learn new information
- It is used by scientists to test the validity of theories (correct)
Why is experimental economics considered a relatively new field?
Why is experimental economics considered a relatively new field?
- Because it does not provide clear results
- Because it is less important than classical economics
- Because it was only invented in the 21st century
- Because the experimental design must meet certain requirements which are difficult to achieve in economics (correct)
Which of the following individuals was awarded a Nobel Prize for work related to experimental economics?
Which of the following individuals was awarded a Nobel Prize for work related to experimental economics?
- Daniel Kahneman (correct)
- Adam Smith
- John Maynard Keynes
- Milton Friedman
Richard H.Thaler's research incorporates insights from which fields to analyze economic decision-making?
Richard H.Thaler's research incorporates insights from which fields to analyze economic decision-making?
In the context of experimental economics, what is the primary purpose of an experiment?
In the context of experimental economics, what is the primary purpose of an experiment?
What is a potential drawback of quasi-experiments in research?
What is a potential drawback of quasi-experiments in research?
Why do laboratory experiments have an advantage in experimental economics?
Why do laboratory experiments have an advantage in experimental economics?
What characterizes the replication crisis in experimental economics and psychology?
What characterizes the replication crisis in experimental economics and psychology?
Why might agreement be harder to achieve in economics compared to fields like physics or mathematics?
Why might agreement be harder to achieve in economics compared to fields like physics or mathematics?
In experimental economics, why might quasi-experiments pose a higher risk of reaching incorrect conclusions?
In experimental economics, why might quasi-experiments pose a higher risk of reaching incorrect conclusions?
