What is Experimental Economics?

Experimental economics uses experimental methods to find answers to social science questions that are challenging to answer using theory or field data. As in natural sciences, lab experiments allow researchers to study specific problems in a controlled environment.

Experiments may also be conducted in the field or online. Unlike some experiments in psychology or other disciplines, participants in economics experiments are paid based on their performance. Furthermore, subjects will never be deceived during an experiment conducted at ELVSE.

In most of the experiments, participants are undergraduate students. Experiments are usually designed under the assumption that participants do not have any specific knowledge of economics or math. Any UBC undergraduate student can join the pool of subjects that are invited to participate in experiments.

Sign up here if you want to receive invitations to participate in experiments that take place in ELVSE. Signing up does place you under any obligation to participate, nor does it guarantee that you will receive an invitation to participate in an experiment.