The Reason Why Economists Do Not Use Experimental Data More

question 7

Multiple Choice

The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments

• A)cannot be executed in economics.
• B)with humans are difficult to administer.
• C)are often unethical.
• D)have flaws relative to ideal randomized controlled experiments.

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Definitions:

Evolutionary Social Psychology

An approach in social psychology that examines how evolutionary principles influence human social behavior, thoughts, and emotions.

Ethology

Approach that argues that animal behaviour should be studied in the species’ natural physical and social environment. Behaviour is genetically determined and is controlled by natural selection.

Death Instinct

A psychoanalytic concept suggesting that individuals possess an unconscious wish to die or self-destruct, counterbalanced by life-sustaining instincts.

Psychodynamic Approach

A psychological perspective that emphasizes the influence of the unconscious mind on behavior, as well as the dynamics of interpersonal relationships.