TY - CHAP
T1 - Experimental Economics
T2 - A Test-Bed for the Unconditional Basic Income?
AU - Füllbrunn, Sascha
AU - Delsen, Lei
AU - Vyrastekova, Jana
PY - 2019
Y1 - 2019
N2 - Experimental economics is a method used by economists to explain or predict the behaviour of economic agents under a controlled institutional environment. This method can be used to test policies in order to inform policy-makers about the impact of proposed alternatives, referred to as ‘whispering in the ears of princes’ (Nobel prize winner Al Roth). In this chapter, we take a detailed look at this method and how it can help to understand the consequences of an Unconditional Basic Income. Additionally, we demonstrate a small scale experiments on risk-taking with and without the influence of the Unconditional Basic Income.
AB - Experimental economics is a method used by economists to explain or predict the behaviour of economic agents under a controlled institutional environment. This method can be used to test policies in order to inform policy-makers about the impact of proposed alternatives, referred to as ‘whispering in the ears of princes’ (Nobel prize winner Al Roth). In this chapter, we take a detailed look at this method and how it can help to understand the consequences of an Unconditional Basic Income. Additionally, we demonstrate a small scale experiments on risk-taking with and without the influence of the Unconditional Basic Income.
KW - Experimental economics
KW - Investment behaviour
KW - Policy testing
KW - Stated preferences
KW - Unconditional basic income
UR - http://www.scopus.com/inward/record.url?scp=85076767220&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85076767220&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-30044-9_7
DO - 10.1007/978-3-030-30044-9_7
M3 - Chapter
AN - SCOPUS:85076767220
T3 - Contributions to Economics
SP - 171
EP - 199
BT - Contributions to Economics
PB - Springer
ER -