Laboratory experiments in the system dynamics field

Author:

Arango Aramburo Santiago1,Castañeda Acevedo Jaime Andrés2,Olaya Morales Yris1

Affiliation:

1. Complexity Center – CeiBA, Escuela de Sistemas Universidad Nacional de Colombia, carrera 80 No. 65 – 223 Medellín Colombia

2. Institute of Management – IMA University of Lugano – USI, via Giuseppe Buffi 13, CH–x6904 Lugano Switzerland

Abstract

AbstractControlled 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. Copyright © 2012 System Dynamics Society

Publisher

Wiley

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