Monday, 14 May 2012

Behavioral economics

I found this cool post at Marginal Economics over the weekend. It describes the Busara Centre of Behavioral Economics and what they offer development economics researchers through experiments in their lab. Now I'm just mailing this idea to myself: we need a lab like this for firm-level research in South Africa. Surveys are expensive and time consuming and we may also learn a lot about firms and entrepreneurs in an experimental setup.I know that Prof Wim Naudé at MsM has been thinking about this too.

Does anyone out there know more about firm-level research and the ways that experiments have been used to examine questions related to entrepreneurship, risk-return, deciding to export or to hire more people?

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