Experimental economics: Experimental economics is a research method applying controlled experiments to study economic behavior, decision-making, and market dynamics. It uses human subjects to simulate real-world scenarios, testing hypotheses and theories to understand individual and collective economic choices. See also Vernon L. Smith, Experiments, Method, Economics, Economical theories, Decision-making processes._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |