Steffen Huck, Jean-Robert Tyran, 29 June 2007

Experimental economics opens the door to better policy design. Laboratory experiments should be used to try out proposed policy changes on a small scale before causing upheaval in the large national economy - like wind tunnels are used in car and plane design.

Steffen Huck, Jean-Robert Tyran, 30 June 2007

Experimental economics opens the door to better policy design. Laboratory experiments should be used to try out proposed policy changes on a small scale before causing upheaval in the real economy - just as wind tunnels are used in car and plane design.

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CEPR Policy Research