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Individual psychology, market scaffolding, and behavioral tests

Published online by Cambridge University Press:  06 November 2001

Daniel John Zizzo
Daniel John Zizzo
Affiliation:
Department of Economics, Christ Church College, Oxford University, Oxford OX1 3BW, United [email protected] www.economics.ox.ac.uk/research/BREB/index.html
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Abstract

Hertwig and Ortmann (H&O) rightly criticize the usage of deception. However, stationary replication may often have no ecological validity. Many economic experiments are not interactive; when they are, there is not much specifically validating H&O's psychological views on script enactment. Incentives in specific market structures may scaffold even zero rational decision-making, but this says very little about individual psychology.

Type
Brief Report
Information
Behavioral and Brain Sciences , Volume 24 , Issue 3 , June 2001 , pp. 432 - 433
Copyright
© 2001 Cambridge University Press

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