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Information about economic experiments
Short description
In the Economics Works! project, pupils actively take part in economic experiments in an economics laboratory, learning the basics of economic relationships and reflecting on their own human behaviour in certain economic decision-making situations.
What are economic experiments?
Economic experiments are carried out to test the statements of economic theories about the behaviour of people in certain economic situations and to gain new insights into human behaviour in economic decision-making situations. The economic laboratory makes it possible to set the framework conditions so narrowly and to abstract them in such a way that the statements of the theories can be tested very precisely. To incentivise participants to behave seriously during the experiments, they are paid a sum of money at the end of the experiment based on the result of their decisions made in the experiment.
