Replication in Behavioural Economics

Anna Dreber (Stockholm School of Economics), December 15, 2022

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Session 11

Anna Dreber, Stockholm School of Economics
December 15, 2022

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Abstract

I discuss several recent large replication projects in behavioral economics (psychology and economics), where my coauthors and I have redone experiments published in high-impact journals with new and larger samples to see whether the main result replicates. We discuss the statistical power of these replications, since true original results might be exaggerated, which might make replications underpowered if we have high power to detect 100% of the original effect size. I briefly discuss our studies with prediction markets and forecasting surveys where researchers attempt to predict these replication outcomes. Finally, I discuss ways to increase the reliability of scientific results, and ways to avoid publication bias with Registered Reports.

Biography

Anna Dreber is the Johan Björkman Professor of Economics at the Stockholm School of Economics. Her research is mainly in meta-science and behavioral economics and focuses on replications and predicting replication outcomes in economics and psychology, but also explores topics such as hormones and economic decision making. Anna is a member of the Royal Swedish Academy of Sciences, an editor at the Journal of Political Economy Microeconomics, and an associate editor at the Journal of Political Economy.

Registration for the live question-and-answer session was available through the Young Scholars Initiative.


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