Replicability of Laboratory Experiments in Economics: The Glass is 61% Full
[From the article “Evaluating replicability of laboratory experiments in economics” published in Science] Researchers today reported the results of a collaborative project in which 18 experimental economics studies originally published in the American Economic Review and the Quarterly Journal of Economics were replicated. The researchers report, “We find a significant effect in the same direction as the original study for 11 replications (61%); on average, the replicated effect size is 66% of the original.” This study compares with the recent Reproducibility Project Psychology (RPP) in which 100 psychology experiments were replicated. To read the article, click here. To read a summary of the article with commentary, click here.