Study shows economic studies done in lab offer similar results to those done in the field

(—A pair of economics researchers has found evidence that suggests that economic studies done in the lab offer results that are comparable to those done in the field. In their paper published in the journal Science, Daniel Herbst and Alexandre Mas with Princeton University, describe how they compared study results that used one or the other of the two methods and why they believe what they found likely translates to other studies as well. Gary Charness and Ernst Fehr with the Universities of California and Zurich respectively, offer a Perspective piece on the work done by the research pair in the same journal issue and offer some ideas on why the results from such studies were found to be similar. —> Read More