The experimental outcomes are usually influenced by controlled experimental conditions. It is the different design of experimental conditions that leads to the diversity of experimental outcomes. To a large extent, because of the construction of double-blind settings that is similar with economic man, the experimental results achieved by game theory experts usually confirm the thinking logic and corresponding theories of modern mainstream economics. At the same time, knowledge structure of game theory experts and study objects contribute to the phenomenon that game theory experts tend to control experimental conditions strictly and are keen on double-blind settings. Generally, game theory experts prefer to test subjects' behavioral logic in the given game context, and even feel uneasy about the effects of some interference factors on the experimental results. However, this kind of controlled experimental condition is usually suitable to the market competition behavior where a large number of persons participate in, but is dramatically different from the situations of people's daily life. Therefore, in order to explore the general behavior mechanism in people's daily life better through behavioral experiments, it is necessary to improve the experiment conditions such as the matrix type of the game, environmental structure, subject characteristics and dynamics, so that the game context of experiments will be as close as possible to the real environment, which is the basic requirement and development direction of experimental and behavioral economics.
Why Can the Behavior Experiments Directed by Game Theory Experts Confirm the Mainstream Economics: On the Control of Experimental Conditions and Corresponding Diversity of Experimental Outcomes
Journal of Shanghai University of Finance and Economics Vol. 18, Issue 03, pp. 16 - 25 (2016) DOI:10.16538/j.cnki.jsufe.2016.03.002
Cite this article
Zhu Fuqiang. Why Can the Behavior Experiments Directed by Game Theory Experts Confirm the Mainstream Economics: On the Control of Experimental Conditions and Corresponding Diversity of Experimental Outcomes[J]. Journal of Shanghai University of Finance and Economics, 2016, 18(3): 16–25.