John List is an economist who collaborated with Steven Levitt on a 2007 paper. The study explores the real-world applicability of social preferences that are observed within the controlled environment of laboratory experiments.

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To understand experimental methods, results, and their real-world relevance, one can consult the work of economists specializing in this field. Key research providing summaries and analysis includes studies by figures like Colin Camerer, Ernst Fehr, Armin Falk, James Heckman, and Joseph Henrich with his collaborators.

Key Research and Researchers in Experimental Economics

In their 2007 paper, 'What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?', economists Steven Levitt and John List examine the extent to which findings from lab experiments can be generalized to real-world settings. Published in the *Journal of Economic Perspectives*, the study critically assesses the predictive power of lab-based research and identifies key factors that can cause discrepancies between behavior in the lab and in the field.

Source Study: Levitt & List (2007) on the Generalizability of Lab Experiments

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).

CORE Econ - The Economy 2.0: Microeconomics

Colin Camerer is an economist who specializes in experimental economics. His work includes a 2004 publication with Ernst Fehr, which serves as a guide for social scientists on using experimental games to measure social norms and preferences.

Colin Camerer

Ernst Fehr is an economist known for his work in experimental economics. Along with Colin Camerer, he co-authored a 2004 guide on how social scientists can utilize experimental games to measure social norms and preferences.

Ernst Fehr

Joseph Henrich is a researcher who leads large-scale, collaborative experiments in experimental economics. His work includes a significant 2006 study published in *Science* that examined the phenomenon of costly punishment across diverse human societies.

Joseph Henrich

This 2006 research paper, published in *Science* (Volume 312, Issue 5781, pp. 1767–1770), is titled 'Costly Punishment Across Human Societies.' It is a key example of large-scale, cross-cultural experimental economics, authored by a large team including Joseph Henrich, Richard McElreath, Abigail Barr, Jean Ensminger, Clark Barrett, Alexander Bolyanatz, Juan Camilo Cárdenas, Michael Gurven, Edwins Gwako, Natalie Henrich, Carolyn Lesorogol, Frank Marlowe, David Tracer, and John Ziker.

Source Study: Henrich et al. (2006) on Costly Punishment Across Societies

The behavior observed in controlled economic experiments can serve as a reliable indicator of how individuals will act in corresponding real-world scenarios. This principle suggests that experimental results have practical relevance and can forecast real-life economic decisions.

Predictive Power of Economic Experiments

Steven D. Levitt is an American economist known for his work in applying economic theory to diverse, real-world subjects not traditionally analyzed through an economic lens. He is a co-author of the best-selling book 'Freakonomics,' which explores topics like crime, parenting, and cheating using data analysis and the concept of incentives. In academic circles, he is also recognized for his research in experimental economics, such as his 2007 paper with John List that examines the external validity of social preferences measured in laboratory settings.

Steven Levitt

John List

Titled 'Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies,' this 2004 book is a significant collection of works in experimental economics. Published by Oxford University Press, it was edited by Joseph Henrich, Robert Boyd, Samuel Bowles, Colin Camerer, and Herbert Gintis.

Book: Foundations of Human Sociality (2004)

Robert Boyd is an anthropologist and researcher who co-edited the 2004 book 'Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies', a key text in experimental social science.

Robert Boyd

Samuel Bowles is an economist who has contributed significantly to the field. He co-edited the influential 2004 book 'Foundations of Human Sociality' and authored the 2016 book 'The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens'.

Samuel Bowles

Herbert Gintis was an economist and behavioral scientist known for co-editing the 2004 book 'Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies'.

Herbert Gintis

Richard McElreath is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Richard McElreath

Abigail Barr is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Abigail Barr

Jean Ensminger is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Jean Ensminger

Clark Barrett is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Clark Barrett

Alexander Bolyanatz is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Alexander Bolyanatz

Michael Gurven is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Michael Gurven

Edwins Gwako is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Edwins Gwako

Natalie Henrich is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Natalie Henrich

Carolyn Lesorogol is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Carolyn Lesorogol

Frank Marlowe is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

Frank Marlowe

David Tracer is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

David Tracer

John Ziker is a researcher who co-authored the 2006 *Science* paper titled 'Costly Punishment Across Human Societies,' a significant large-scale study in cross-cultural experimental economics.

John Ziker

The *Journal of Economic Perspectives* is the academic publication where the 2007 study by Steven Levitt and John List, ‘What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?’, was published.

Journal of Economic Perspectives

Levitt and List (2007) identify several critical factors that can cause results from laboratory experiments on social preferences to diverge from real-world behavior. These include the effects of being observed by researchers (scrutiny), the artificial nature of the tasks and environment, the size of the financial or social stakes involved, and the tendency for the participant pool to be unrepresentative of the general population (self-selection).

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