Evaluating replicability of laboratory experiments in economics

Author:

Camerer Colin F.1,Dreber Anna2,Forsell Eskil2,Ho Teck-Hua34,Huber Jürgen5,Johannesson Magnus2,Kirchler Michael56,Almenberg Johan7,Altmejd Adam2,Chan Taizan8,Heikensten Emma2,Holzmeister Felix5,Imai Taisuke1,Isaksson Siri2,Nave Gideon1,Pfeiffer Thomas910,Razen Michael5,Wu Hang4

Affiliation:

1. Division of Humanities and Social Sciences, California Institute of Technology, 1200 East California Boulevard, MC 228-77, Pasadena, CA 91125, USA.

2. Department of Economics, Stockholm School of Economics, Box 6501, SE-113 83 Stockholm, Sweden.

3. Haas School of Business, University of California–Berkeley, Berkeley, CA 94720-1900, USA.

4. NUS Business School, National University of Singapore, Singapore 119245.

5. Department of Banking and Finance, University of Innsbruck, Universitätsstrasse 15, 6020 Innsbruck, Austria.

6. Centre for Finance, Department of Economics, University of Göteborg, SE-40530 Göteborg, Sweden.

7. Sveriges Riksbank, SE-103 37 Stockholm, Sweden.

8. Office of the Deputy President (Research and Technology), National University of Singapore, Singapore 119077.

9. New Zealand Institute for Advanced Study, Private Bag 102904, North Shore Mail Centre, Auckland 0745, New Zealand.

10. Wissenschaftskolleg zu Berlin, Institute for Advanced Study, D-14193 Berlin, Germany.

Abstract

Another social science looks at itself Experimental economists have joined the reproducibility discussion by replicating selected published experiments from two top-tier journals in economics. Camerer et al. found that two-thirds of the 18 studies examined yielded replicable estimates of effect size and direction. This proportion is somewhat lower than unaffiliated experts were willing to bet in an associated prediction market, but roughly in line with expectations from sample sizes and P values. Science , this issue p. 1433

Funder

Austrian Science Fund

Austrian National Bank

Behavioral and Neuroeconomics Discovery Fund

Jan Wallander and Tom Hedelius Foundation

Knut and Alice Wallenberg Foundation

Swedish Foundation for Humanities and Social Sciences

Sloan Foundation

Publisher

American Association for the Advancement of Science (AAAS)

Subject

Multidisciplinary

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