Experimental Methods in Decision Studies

This subject introduces students to methods for experimental research on decision-making


This subject involves in-depth analysis of experimental design and management, and subsequent data processing for in-laboratory and field experiments on human decision-making, with a focus on choice under uncertainty, inter-temporal choice, and complex choice situations. Experiments include single-subject, small-group, and large-group contexts including financial markets. Emphasis is on incentivised, deception-free experimentation.

The subject is a core subject in the doctoral program Decision, Risk and Financial Sciences.


On successful completion of this subject students should be able to:

  • Design incentivised, deception-free experiments appropriate to testing or exploring theories about human decision-making
  • Obtain the required ethics approval
  • Choose or build the right computer interface (if applicable)
  • Collect and analyse the resulting data in a way that is appropriate for the scientific question at hand
  • Calibrate monetary or other incentives.


More information about the subject is available in the University of Melbourne Handbook entry.