Individual psychology, market scaffolding, and behavioral tests

Behavioral and Brain Sciences 24 (3):432-433 (2001)
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Abstract

Hertwig and Ortmann (H&O) rightly criticize the usage of deception. However, stationary replication may often have no ecological validity. Many economic experiments are not interactive; when they are, there is not much specifically validating H&O's psychological views on script enactment. Incentives in specific market structures may scaffold even zero rational decision-making, but this says very little about individual psychology.

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