Why Do Experiments Provide a Useful Method of Empirical Investigation

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The Answer is Experiments allow us to observe human behavior beyond models. Particularly in the context of game theory, experiments provide real-time, recordable evidence of decision-making involving one or more players. Four different categories of experiments exist. These include conventional lab, artefactual field, framed field, and natural field experiments. In the first type, standard subjects are involved in a controlled experiment in a lab, and they are aware of their own participation. In the second, nonstandard participants engage in the same capacity. The third type of experiment involves nonstandard subjects in a natural environment, in which the former are, again, aware of their participation. Finally, natural field experiments involve nonstandard subjects in a natural environment, although in this case, they are unaware of their participation.

Why Do Experiments Provide a Useful Method of Empirical Investigation

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Why Do Experiments Provide a Useful Method of Empirical Investigation

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