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Problem Solving and Hypothesis Testing Using Economic Experiments

Published online by Cambridge University Press:  28 April 2015

Darren Hudson
Darren Hudson*
Affiliation:
Department of Agricultural Economics, Mississippi State University, Mississippi State, MS
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Abstract

The roots and uses of economic experiments in problem solving and hypothesis testing are explored in the present article. The literature suggests that the primary advantage of economics experiments is the ability to use controlled stimuli to test economic hypotheses. Other literature also suggests that experiments are useful in problem solving settings. The advantages and disadvantages of experiments are discussed.

Keywords

experimentsproblem solvinghypothesis testingC81C91C92C93
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 2 , August 2003 , pp. 337 - 347
Copyright
Copyright © Southern Agricultural Economics Association 2003

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