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Conversations in Economics is a series of interviews with Cambridge-INET Institute visitors. These distinguished economists explore some of today's most challenging economic questions and introduce viewers to their exciting research. http://www.inet.econ.cam.ac.uk/video-series/

In combining theory and experiments, we should have two objectives in mind. The first objective is to confront the theory with some data to see whether the theory is at all consistent with the behavior exhibited in the laboratory. Clearly, there is much that can be learned about the theory from the data, quite apart from any notion of "testing" the theory. We hope to learn whether the theory is