|29th IBIMA Conference
3 - 4 May 2017
Institutional Design as a Tool of Mastering of Laboratory Economic Experiment
Marina Ryzhkova, Valeriya Tsibulnikova, Olga Rogova, Tatyana Filippova and Alexander Rogov,
Creation of institutes’ analogs within the scientific process and testing scientific hypotheses and provisions on their basis is a rather new form of social reality design which is carried out in the form of laboratory economic experiment. In the paper we reveal the principles of institutional design and their specifics in case of laboratory economic experiment, a problem of participants’ motivation, a validity of the received estimates, and restrictions in case of the conclusions application, received in an experiment both to the theory, and to practical situations.