Improving the statistical power of economic experiments using adaptive designs

A-Tier
Journal: Experimental Economics
Year: 2023
Volume: 26
Issue: 2
Pages: 357-382

Authors (4)

Sebastian Jobjörnsson (not in RePEc) Henning Schaak (not in RePEc) Oliver Musshoff (Georg-August-Universität Götti...) Tim Friede (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract An important issue for many economic experiments is how the experimenter can ensure sufficient power in order to reject one or more hypotheses. The paper illustrates how methods for testing multiple hypotheses simultaneously in adaptive, two-stage designs can be used to improve the power of economic experiments. We provide a concise overview of the relevant theory and illustrate the method in three different applications. These include a simulation study of a hypothetical experimental design, as well as illustrations using two data sets from previous experiments. The simulation results highlight the potential for sample size reductions, maintaining the power to reject at least one hypothesis while ensuring strong control of the overall Type I error probability.

Technical Details

RePEc Handle
repec:kap:expeco:v:26:y:2023:i:2:d:10.1007_s10683-022-09773-8
Journal Field
Experimental
Author Count
4
Added to Database
2026-01-26