Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-14T23:22:19.594Z Has data issue: false hasContentIssue false

Individual psychology, market scaffolding, and behavioral tests

Published online by Cambridge University Press:  06 November 2001

Daniel John Zizzo
Affiliation:
Department of Economics, Christ Church College, Oxford University, Oxford OX1 3BW, United Kingdomdaniel.zizzo@economics.ox.ac.uk www.economics.ox.ac.uk/research/BREB/index.html

Abstract

Hertwig and Ortmann (H&O) rightly criticize the usage of deception. However, stationary replication may often have no ecological validity. Many economic experiments are not interactive; when they are, there is not much specifically validating H&O's psychological views on script enactment. Incentives in specific market structures may scaffold even zero rational decision-making, but this says very little about individual psychology.

Type
Brief Report
Copyright
© 2001 Cambridge University Press

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)