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Economic and psychological experimental methodology: Separating the wheat from the chaff
Published online by Cambridge University Press: 06 November 2001
Abstract
Hertwig and Ortmann suggest methodological practices from economics (script enactment, repeated measures, performance based payments, and absence of deception) for psychology. Such prescriptive methodologies may be unrepresentative of real world behaviors because people are not: always behaving with complete information, monetarily rewarded for important activities, repeating tasks to perfection, aware of all contributing variables. These proscriptions, while useful in economics, may obfuscate important psychological phenomena.
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- © 2001 Cambridge University Press