Concert Report: The Police at Wrigley Field, First Show

Lynne Kiesling Thursday was a gorgeous day in Chicago; a bit humid, but it was still an amazing evening for The Police concert. Overall I thought it was a fantastic show, and unlike Greg Kot at the Tribune, I was perfectly happy with the start of the show (“Message In A Bottle”) and the fact … More Concert Report: The Police at Wrigley Field, First ShowMore Concert Report: The Police at Wrigley Field, First Show

Experimental Economics and Real-world Details

Lynne Kiesling Yeah, what he said. I agree with Mike’s previous post about real-world detail and experimental economics (and thanks for mentioning the Electricity Journal article!). The wind tunnel metaphor is apt for the use of experimental economics to test market designs and policy proposals; testing them in an environment that captures the most salient … More Experimental Economics and Real-world DetailsMore Experimental Economics and Real-world Details

Applying Experimental Economics to Policy Design is Not About Duplicating Real World Conditions

Michael Giberson At Economist’s View, Mark Thoma has had a pair of recent postings on experimental economics. A few days ago he quoted extensively from a posting at VoxEu by Steffen Huck and Jean-Robert Tyran. In brief, Huck and Tyran said, “Experimental economics opens the door to better policy design. Laboratory experiments should be used … More Applying Experimental Economics to Policy Design is Not About Duplicating Real World ConditionsMore Applying Experimental Economics to Policy Design is Not About Duplicating Real World Conditions