Individual psychology, market scaffolding, and behavioral tests

Hertwig and Ortmann (H&O) rightly criticize the usage of deception. However, stationary replication may often have no ecological validity. Many economic experiments are not interactive; when they are, there is not much specifically validating H&O's psychological views on script enactmen...

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Veröffentlicht in:The Behavioral and brain sciences 2001-06, Vol.24 (3), p.432-433
1. Verfasser: Zizzo, Daniel John
Format: Artikel
Sprache:eng
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Zusammenfassung:Hertwig and Ortmann (H&O) rightly criticize the usage of deception. However, stationary replication may often have no ecological validity. Many economic experiments are not interactive; when they are, there is not much specifically validating H&O's psychological views on script enactment. Incentives in specific market structures may scaffold even zero rational decision-making, but this says very little about individual psychology.
ISSN:0140-525X
1469-1825
DOI:10.1017/S0140525X0155414X