Philip J. Grossman
Department of Economics
Institutional Affiliation: Monash University
Information about this author at RePEc
NBER Working Papers and Publications
|February 2020||A New Mechanism to Alleviate the Crises of Confidence in Science-With An Application to the Public Goods Game|
with Luigi Butera, Daniel Houser, John A. List, Marie-Claire Villeval: w26801
Creation of empirical knowledge in economics has taken a dramatic turn in the past few decades. One feature of the new research landscape is the nature and extent to which scholars generate data. Today, in nearly every field the experimental approach plays an increasingly crucial role in testing theories and informing organizational decisions. Whereas there is much to appreciate about this revolution, recently a credibility crisis has taken hold across the social sciences, arguing that an important component of Fischer (1935)'s tripod has not been fully embraced: replication. Indeed, while the importance of replications is not debatable scientifically, current incentives are not sufficient to encourage replications from the individual researcher's perspective. We analyze a novel mechanism ...