The science of apologies with experimental evidence

Ben Ho, 13 May 2014



Following the recent wave of apologies by politicians,1 celebrities,2 and in particular by firms,3 there have been numerous commentaries about the nature of apology – in particular how it is pointless and overused.

Topics: Frontiers of economic research
Tags: apologies, Behavioural economics, causal effects, experimental economics, lab experiments

Exploring the transmission channels of contagious bank runs

Martin Brown, Stefan Trautmann, Razvan Vlahu, 10 April 2014



Financial contagion – the situation in which liquidity or insolvency risk is transmitted from one financial institution to another – is viewed by policymakers and academics as a key source of systemic risk in the banking sector.

Topics: Financial markets
Tags: bank runs, banking, banks, contagion, experimental economics, financial crisis, financial stability, global crisis, systemic risk

Heterogeneous response across genders to tonal variation in messaging: Experimental evidence

Vincenzo Galasso, Tommaso Nannicini, 22 September 2013



Persuasion is an art which is critical to success in politics, business, and a personal career. ’Persuasive communication‘ – as defined by DellaVigna and Gentzkow (2010) – is used, for example, to convince:

Topics: Gender
Tags: advertising, experimental economics, gender, persuasive communication

"Happiness economics" in reverse: Does happiness affect productivity?

Daniel Sgroi, 26 July 2010



One of the biggest growth areas in economics over the last few years has been “happiness economics”.

Topics: Frontiers of economic research, Labour markets, Productivity and Innovation
Tags: experimental economics, Happiness economics, productivity, psychology

Experimental economics: evolution, methods and achievements

Robert Sugden interviewed by Romesh Vaitilingam, 26 Mar 2010

Robert Sugden talks to Romesh Vaitilingam about the new book of which he is a co-author, ‘Experimental Economics: Rethinking the Rules’. They discuss the development of experimental research in economics over the past 30 years, the design of laboratory experiments and the achievements of these methods in increasing understanding of economic behaviour. The interview was recorded in London in March 2010.


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Topics: Frontiers of economic research
Tags: experiment design, experimental economics

Neuroeconomic theory: Using neuroscience to understand the bounds of rationality

Juan D. Carrillo , Isabelle Brocas, 18 March 2010



People often fail to make “rational” decisions. Economic agents are subject to multiple biases that affect the way they perceive events, act upon them, and learn from experience. Most of these anomalies are remarkably persistent and are widely documented in real world and laboratory environments by behavioural data.

Topics: Frontiers of economic research
Tags: Behavioural economics, experimental economics, neuroeconomics

So you want to run an experiment, now what? Some simple rules of thumb for optimal experimental design

John List, Sally Sadoff, Mathis Wagner, 20 February 2010



Within economics, measurement approaches can be divided into two main categories: estimation of models that make use of naturally-occurring data and approaches wherein the analyst herself governs the data generation process.

Topics: Frontiers of economic research
Tags: experiment design, experimental economics, randomisation

New Directions in Welfare

29 June - 1 July 2009, St Catherine's College, Oxford University

This 3 day conference at St Catherine's College, Oxford University hosts speakers from Oxford, LSE, UCL, World Bank brings together many of the new and emerging themes in the economics of welfare. Theory tracks focus on social choice and welfare, and other related aspects of welfare economic theory and public economics. Empirical/applied tracks focus on policy areas including health, development, social policy, environment, education, poverty reduction, non-monetary measures of economic progress etc. Papers on applied econometrics or experimental work relevant to welfare economic theory and assumptions about human behaviour also welcome.
Paul Anand
St Catherine's College, Oxford University
Open attendance
The event is being organised from a number of universities led by the Open University.
More information:

Disclaimer: Vox is not responsible for the accuracy of this information.

Frontiers of economic research
development, economic theory, education, ethics, EU policies, experimental economics, Frontiers of economic research, health economics, migration, poverty and income inequality, welfare state and social Europe

Experimental results on the inter-generational transmission of economic values

Marco Cipriani, Paola Giuliano, Olivier Jeanne, 1 August 2007



The nature of human behaviour assumed in most economic models is based on the ‘Homo Economicus’ assumption – everyone is out for him or her self. This makes economic theory easy, or at least easier, since it minimises the joint-ness of decision making.

Topics: Welfare state and social Europe
Tags: experimental economics, human behaviour, intergenerational transmission, public mindedness

Experimental economics and policy design

Steffen Huck, Jean-Robert Tyran, 29 June 2007

The general public and many politicians tend to be sceptical that unregulated markets are good for people’s wellbeing. Economists have known forever that laissez-faire yields the first best only under fairly unrealistic assumptions. The theory of industrial organization describes when markets work, when they fail and how such failures can be remedied.

Topics: Frontiers of economic research
Tags: experimental economics, markets, trust problem

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