ArticleNature human behaviour2020
Evidence of general economic principles of bargaining and trade from 2,000 classroom experiments.
Article in Nature human behaviour, 2020. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 5 papers.
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Who cites it
5 citing papers in PubMed.
- Coordination of network heterogeneity and individual preferences promotes collective fairness.Patterns (New York, N.Y.) · 2025Article
- Deliberation during online bargaining reveals strategic information.Proceedings of the National Academy of Sciences of the United States of America · 2025Article
- A Turing test of whether AI chatbots are behaviorally similar to humans.Proceedings of the National Academy of Sciences of the United States of America · 2024Article
- Group Membership Modulates Fairness Consideration Among Deaf College Students-An Event-Related Potential Study.Frontiers in psychology · 2022Article
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Authors and funding
6 authors.
Funding
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Abstract
Standardized classroom experiments provide evidence about how well scientific results reproduce when nearly identical methods are used. We use a sample of around 20,000 observations to test reproducibility of behaviour in trading and ultimatum bargaining. Double-auction results are highly reproducible and are close to equilibrium predictions about prices and quantities from economic theory. Our sample also shows robust correlations between individual surplus and trading order, and autocorrelation of successive price changes, which test different theories of price dynamics. In ultimatum bargaining, the large dataset provides sufficient power to identify that equal-split offers are accepted more often and more quickly than slightly unequal offers. Our results imply a general consistency of results across a variety of different countries and cultures in two of the most commonly used designs in experimental economics.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.