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date: 08 March 2021

Abstract and Keywords

We argue the remarkable increase in the use of experimental methods in economics, and the consequent advances in economic science, rely on two key norms that guide the design, analysis, and reporting of economic experiments in the lab and field. We identify these two key norms as simplicity and availability of data and procedures, which both help to ensure adherence to the ethical standard of transparency. We review many prominent experimental contributions to economic science in personal exchange and market experiments, tracing the connection between the simplicity of design and subsequent developments that advance our knowledge. The norm of availability of data and procedures has been standardized as an official policy by leading academic economics journals. In conclusion, we stress the connection between a scholar’s reputation and the degree to which her results can be replicated by others.

Keywords: design of experiments, experimental economics, norms, replication, simplicity of design, transparency

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