Sample Size Calculation in Economic Experiments

26 Pages Posted: 20 Sep 2019

See all articles by Sven Gruener

Sven Gruener

Martin Luther University of Halle-Wittenberg

Date Written: September 12, 2019

Abstract

Clinical studies and economic experiments are often conducted with randomized controlled trials. In clinical studies, power calculations are carried out as a standard. But what’s about economic experiments? After describing the basic idea of the calculation procedure in a brief tutorial, I tackle the practice of sample size calculations in the field of experimental economics by considering the publications of 5 economic journals in the period 2000–2018. These are two top-ranked economic journals (Quarterly Journals of Economics and American Economic Review), the leading field journals in the area of experimental economics (Experimental Economics) and behavioral sciences (Journal of Economic Behavior and Organization), and a leading field journal in environmental economics (Environmental and Resource Economics). In contrast to clinical drug trials, sample size calculations have rarely been carried out by experimental economists. But the number of power calculations has slightly increased in recent years, especially in the top-ranked journals of economics. However, this can be partly explained by the fact that field experiments (in which scholars pay more attention to power analyses than in lab experiments these days) play an important role in these journals.

Keywords: Economic experiments; sample size; power, multiple testing

JEL Classification: C90, C10

Suggested Citation

Gruener, Sven, Sample Size Calculation in Economic Experiments (September 12, 2019). Available at SSRN: https://ssrn.com/abstract=3452918 or http://dx.doi.org/10.2139/ssrn.3452918

Sven Gruener (Contact Author)

Martin Luther University of Halle-Wittenberg ( email )

Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
142
Abstract Views
531
rank
278,757
PlumX Metrics