Human behavior and the use of experiments to understand the agricultural,resource, and environmental challenges of the XXI century |
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| Authors: | Juan Camilo Cárdenas |
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| Affiliation: | School of Economics, Universidad de los Andes, Bogotá, Colombia |
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| Abstract: | The use of laboratory1 experiments in economics, and their later deployment in the field as a tool for exploring how actual decision‐makers respond to information, incentives or institutions has brought a revolution to how we model economic systems, and design policies for them. This new century will bring challenges for the study of agriculture, natural resources and the environment, where it will be necessary to have a better understanding of human behavior, in a world where climate on the one hand, and land, labor and food markets are ever more unstable. This article reviews the intellectual history of a rich dialogue between theory and experiments with a particular focus on its relevance for agricultural, resource and environmental issues. Special attention will be given to the case of common‐pool resources where this dialogue between models, field work and laboratory experiments continues to provide a rich cross‐fertilization for the advance in the understanding of the economic systems that governs these resources. I will close by arguing that agricultural, environmental and resource economists will have to take part of this behavioral revolution by embracing experiments in their teaching, their research and their policy design. |
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| Keywords: | C90 C92 C93 D01 D03 O13 P32 Q00 Q14 Q15 behavioral economics development economics experimental economics agricultural resource and environmental economics |
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