The driving force of an experimental lab is its participants. So, we invite you to take part in our experiments and help us develop scientific knowledge in Economics and Social Sciences. In fact, it is an interesting and fun way to make some pocket money!
1. What is an economic experiment like?
Economic Experiments are usually of two kinds, strategic games or choice experiments. During a lab participants will be asked to make some decisions using computer terminals. Each session can consist of 1 to 25 participants. In some experiments participants interact with each other, while in others not, according to the instructions of each experiment. Note that our lab maintains high standards of data protection and a follows a strict no-deception policy for participants.
2. What is the purpose of an economic experiment?
Through a lab experiment, the researcher aims to collect controlled data in order to test the implications and results of theoretical models. The empirical regularities of the experiments could then form the basis for new theories.
3. How long does an economic experiment usually last?
The duration of an experiment may vary between 15 minutes and 2 hours. Usually, the average duration of an economic experiment is close to 1 hour.
4. What is the payoff range?
5. Can participants incur financial losses through an economic experiment?
6. Who can I take part in these experiments?
Anyone who is over 18 years of age and interested in taking part in an experiment can actually earn some pocket money! Participation in an experiment is not restricted to economics students, or students of any discipline. In fact we encourage you to communicate the existence of the laboratory and its purpose to your friends!
7. What about privacy?
Any personal/private data collected during an experiment will be used only for the purposes of the experiment and will not be released to third parties. No published data may include any kind of personal/private data.