Experimental Economics: A Test-Bed for the Unconditional Basic Income?

Sascha Füllbrunn*, Lei Delsen, Jana Vyrastekova

*Corresponding author for this work

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationContributions to Economics
PublisherSpringer
Pages171-199
Number of pages29
DOIs
Publication statusPublished - 2019
Externally publishedYes

Publication series

NameContributions to Economics
ISSN (Print)1431-1933
ISSN (Electronic)2197-7178

Keywords

  • Experimental economics
  • Investment behaviour
  • Policy testing
  • Stated preferences
  • Unconditional basic income

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