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.

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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

Journal of Economic Perspectives

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 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.

John List

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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