Titlebook: Behavioural and Experimental Economics; Steven N. Durlauf,Lawrence E. Blume Book 2010 Palgrave Macmillan, a division of Macmillan Publishe

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collective choice experiments,e there general mechanisms that can (always) aggregate those preferences in consistent and coherent ways? The answer is ‘no’. Starting from simple premises involving individual transitivity, aggregate Pareto optimality and non-dictatorship there is no collective choice mechanism that yields a social

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entitlements in laboratory experiments,straightforward; however, work in behavioural economics has consistently demonstrated the existence of other-regarding preferences, with strong effects of perceptions of what is fair. In the laboratory, behaviour is affected not only by the entitlement per se but also by the procedure by which entit

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experimental economics, history of, has been transformed from a discipline where the experimental method was considered impractical, ineffective and largely irrelevant to one where some of the most exciting advancements are driven by laboratory data.

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experiments and econometrics,s by Ronald A. Fisher, written largely during the 1920s and early 1930s, elucidated fundamental concepts in the design and analysis of experiments (see, for example, Box, 1980, for a survey). He was first to obtain rigorous experimetric results on the importance of randomization, independence and bl