STATISTIC AND EXPERIMENTAL ECONOMICS

This paper will be short overview of the use of experiments in economics and changing paradigm about homo economicus by showing some aspect of behavioral economics as growing field of science, relationship between behavioral economics and experimental economics and show some application of those for example on labor market. Moreover, as science (include psychology and behavioral economics) starts to be more spread in common knowledge and science results starts to be known in business and organizations, implications of economics experiments and field studies are use in important decision making as well as every day organization live. Experiments shows how behavioral economic works. Experiments and field studies are base sources for this discipline. Contrasts with standards economics approach which is mostly mathematical or statistical analysis (although experimental economics uses statistical methods too). To highlight potential it will be introduce some of experiments (some of them organized in The Laboratory of Experimental Economics at The University of Economics in