This paper reviews experiments that include two types of subjects: professionals and
students. The typical subject pool for economic experiments is composed of students …

We provide an overview of experimental literature on contests and point out the two main
phenomena observed in most contest experiments:(i) overbidding relative to the standard …

This paper discusses aspects of recruiting subjects for economic laboratory experiments,
and shows how the Online Recruitment System for Economic Experiments can help. The …

In some experiments participants make multiple decisions; this feature facilitates gathering a
considerable amount of incentivized data over the course of a compact session. A …

In this paper, we ask whether variation in preference anomalies is related to variation in
cognitive ability. Evidence from a new laboratory study of Chilean high-school students with …

We review the experimental evidence on risk aversion in controlled laboratory settings. We
review the strengths and weaknesses of alternative elicitation procedures, the strengths and …

This paper proposes a structural nonequilibrium model of initial responses to incomplete‐
information games based on “level‐k” thinking, which describes behavior in many …

We can think of no question more fundamental to experimental economics than
understanding whether, and under what circumstances, laboratory results generalize to …

This experiment compares the performance of two contest designs: a standard winner-take-
all tournament with a single fixed prize, and a novel proportional-payment design in which …

This study exploits the opening of the experimental lab in Oxford to compare the behavior of
students and non-students in a number of classic experimental games, some of which …