Abstract
Contemporary experimental economics was born in the 1950s from the combination of the experimental method used in psychology and new developments in economic theory. Early experimental studies of bargaining behaviour, social dilemmas, individual decision making and market institutions were followed by a long period of underground growth, until the booming of the field in the 1980s and 1990s.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Guala, F. (2008). Experimental Economics, History of. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2184-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_2184-1
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