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Abstract I draw lessons from experimental economics. I argue that the lack of mathematical formalism cannot be usefully thought as the cause of the underappreciation of contextual and generalizability considerations.… Click to show full abstract
Abstract I draw lessons from experimental economics. I argue that the lack of mathematical formalism cannot be usefully thought as the cause of the underappreciation of contextual and generalizability considerations. Instead, this lack is problematic because it hinders a clear relationship between theory and quantitative predictions. I also advocate a pragmatic policy-focused approach as a partial remedy to the generalizability problem.
Keywords:
formalism key;
experimental economics;
economics;
key resolving;
generalizability
Journal Title: Behavioral and Brain Sciences
Year Published: 2022
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Journal Title: Behavioral and Brain Sciences
Year Published: 2022
Link to full text (if available)
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recommendations!