Final discussion
Martin Kocher
University of Munich
Experimentelle Wirtschaftsforschung
(c) M. Kocher and M. Sutter 2
What did EE achieve?
The big picture:
• A stronger integration of social sciences. Economic
became a true social science again with links to sociology and especially psychology.
• An interesting opening towards natural sciences.
• A more pronounced division between microeconomics and macroeconomics.
(c) M. Kocher and M. Sutter 3
Open questions
• What parts of EE and BE will permeate into…
a) text books?
b) economic models for policy advice?
c) macroeconomics (financial crisis)?
• A non-exclusive list: prospect theory, behavioral labor economics (gift-exchange), cooperation, social
preferences (?), auction results,…
(c) M. Kocher and M. Sutter 4
The future
What will be interesting topics for future research in EE:
a) Neuroeconomics
b) Organizational economics, incentives c) Field experiments
d) Team decision-making e) Behavioral finance
…