This textbook sketches the history of experimental economics before moving on to describe how to set up an economics experiment and to survey selected applications and the latest methods.

Laboratory experiments with human subjects now provide crucial data in most fields of economics and there has been a tremendous upsurge in interest in this relatively new field of economics. This textbook introduces the student to the world of experimental economics. Contributors including Reinhard Selten and Axel Leijonhufvud that sketch the history of experimental economics before moving on to describe how to set up an economics experiment and to survey selected applications and the latest methods. This user-friendly book demonstrates how students can use the lessons to conduct original research. With their freeflowing, discursive yet precise style, Friedman and Cassar have created a book that is essential to students of experimental economics across the world. On account of its authoritative content, Economics Lab will also find its way on to the bookshelves of leading researchers in all fields of economics.