Similarly to any other scientific field, researchers in Economics can run experiments to answer their research questions. This field is called Experimental Economics, which has Dr. Vernon Smith among its founding fathers. In 2002, Dr. Smith was awarded the Nobel Prize in Economics "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms" (https://www.nobelprize.org/prizes/economic-sciences/2002/press-release/).

Since 2018, Dr. Daniel Nedelescu has installed software, and has made changes to the student computer lab in the Department of Economics at OU so the lab can serve the dual purpose of assisting our students, while it can be easily transformed into a lab for running economics experiments. The lab is located on our Norman campus, in Cate Center Drive 1 building, room 223.