Assume there is no tractable economic model that can clearly predict that manipulating independent variable X will
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Assume there is no tractable economic model that can clearly predict that manipulating independent variable X will increase dependent variable Y. How can one interpret the results of an experiment demonstrating such an effect, as it cannot be said to confirm or refute a prediction?
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Not every experiment needs to test a precise prediction of an economic model Experiments in ps...View the full answer
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Ali Khawaja
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Related Book For 
Behavioral Finance
ISBN: 9780190868741
1st Edition
Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger
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