The Econophysics Blog

This blog is dedicated to exploring the application of quantiative tools from mathematics, physics, and other natural sciences to issues in finance, economics, and the social sciences. The focus of this blog will be on tools, methodology, and logic. This blog will also occasionally delve into philosophical issues surrounding quantitative finance and quantitative social science.

Sunday, January 07, 2007

Experimental Economics Article on the FT

Tim Hartford's Undercover Economist column on the Arts & Weekend section of the Financial Times this week (Jan. 5, 2007) dealt with experimental economics. Experimental economists use the kinds of experiments run by psychologists and biologists to test out hypothesis and theories in economics and other branches of the social sciences. The most interesting part of the article was the idea of using the virtual world of online games as "a social-science supercollider." Anyone who has played some variant of Sims should see the potential in that type of experimental platform for economists.

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