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Theorize it both ways?

Published online by Cambridge University Press:  06 November 2001

Tim Rakow
Tim Rakow
Affiliation:
Department of Psychology, University of Essex, Colchester, Essex, CO4 3SQ, United Kingdomtimrakow@essex.ac.uk
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Abstract

Psychologists' lack of methodological uniformity reflects their greater breadth of enquiry than experimental economists. The need for a theoretical understanding of one-shot decisions validates research undertaken without the repetition of trials. Theories tested only with financial incentives may not reliably predict some classes of decision such as those involving health. Undue emphasis on the importance of replication risks the proliferation of theories with limited generalizability.

Type
Brief Report
Information
Behavioral and Brain Sciences , Volume 24 , Issue 3 , June 2001 , pp. 425 - 426
Copyright
© 2001 Cambridge University Press

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