Experimental economics tries to avoid some of the limitations of working with observations
obtained from natural or social experiments by using data from laboratory
experiments to test economic theories by fixing some of the factors and identifying the
effects of other factors in a way that allows ceteris paribus comparisons. A wide range of
topics and issues are covered in this literature such as individual choice behaviour, bargaining,
provision of public goods, theories of learning, auction markets, and behavioral
finance. A comprehensive review of major areas of experimental research in economics is
provided in Kagel and Roth (1995).