Laboratory experiments in the system dynamics field

Santiago Arango Aramburo, Jaime Andrés Castañeda Acevedo, Yris Olaya Morales

Research output: Contribution to journalArticlepeer-review

22 Scopus citations

Abstract

Controlled experiments, long used in psychology and economics, are increasingly being used to develop theories in the areas of interest to management science, including decision making and systems. In this paper we review laboratory experiments relating to system dynamics. We discuss how these experiments help to (1) determine causes for subjects' poor performance in dynamic environments and (2) model such behaviour in system dynamics models. Finally, we present the main insights from the works reviewed and propose some ideas for a research agenda.

Original languageEnglish (US)
Pages (from-to)94-106
Number of pages13
JournalSystem Dynamics Review
Volume28
Issue number1
DOIs
StatePublished - Jan 2012
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Strategy and Management
  • Management of Technology and Innovation

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