Disadvantages of experiments include
A) Decisions made in the laboratory replicate those made in the real world
B) Laboratory experiments introduce influences on decision making that are difficult to measure or control
C) The number of subjects is typically so large, that it is difficult to apply the results to economic behavior in the population
D) Costly

Question

Quizplus · Accepted Answer

Laboratory experiments introduce artificial settings and conditions that may not reflect the complexities of decision making in the real world. These influences are difficult to measure or control, which may undermine the validity and generalizability of the results. Options A and C are incorrect because experiments are designed to control for confounding variables and replicate real-world decision making as closely as possible. Option D is partially correct, as experiments can be costly, but this is not the most significant disadvantage.

Disadvantages of Experiments Include