Design and Evaluation of an Economic Experiment via the Internet
Anderhub, Vital, Müller, Rudolf and Schmidt, Carsten (2001). Design and Evaluation of an Economic Experiment via the Internet. UNU-MERIT Research Memoranda. UNU-MERIT.
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Sub-type Research report Author Anderhub, Vital
Müller, Rudolf
Schmidt, CarstenTitle Design and Evaluation of an Economic Experiment via the Internet Series Title UNU-MERIT Research Memoranda Volume/Issue No. 17 Publication Date 2001 Place of Publication Maastricht Publisher UNU-MERIT Pages n/a Language eng Abstract The paper investigates whether Internet experiments are an appropriate alternative to traditional laboratory experiments. For an economic experiment of individual decision making results obtained over the Internet are compared to results obtained in the laboratory using exactly the same software. Of particular interest are differences in individual behavior. Our main findings are: 1) Running our own experiment on the Internet and in the laboratory generated similar data when economic decision behavior is concerned. (2) Variance in economic decision behavior is generally higher on the Internet experiment. (3) Decision times are shorter on the Internet. (4) Internet software provides a helpful platform for implementing economic experiments. The paper also reports on design challenges and how we have solved them. Copyright Holder UNU-MERIT Copyright Year 2001 Copyright type All rights reserved -
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