Laboratory experiments have increasingly become important to formulate economic policy in recent years. They have also allowed economists to test the behavioural implications of a variety of economic theories — from abstract concepts in game theory to the performance of market institutions. Experiments can also generate priceless data on how individuals respond to the incentives produced by markets and other economic mechanisms. This facility generates such research as well as serving as a home for PhD students to test new theories about economic behaviour.
The aims of SEEL are:
- To provide state of the art infrastructure to conduct economics experiments;
- To support researchers aligned with the aims of SEEL;
- To offer training opportunities to undergraduate, postgraduate taught and PhD students who are interested in experimental methods.