Economics Research with Labvanced
Labvanced is a flexible economics research software and experimental economics platform built to support the full range of economics research workflows, from controlled laboratory designs to scalable online economics experiments. Researchers use Labvanced as a centralized economics experiment software solution to design, deploy, and analyze economic behavior experiments and behavioral economics studies with precise experimental control. As a modern digital economics research platform, Labvanced enables robust behavioral data collection for economics across online and in-lab environments.
Supported Research Areas in Economics
Labvanced supports a wide spectrum of economics research tools and economics research study tools, allowing researchers to implement diverse paradigms within a single experimental economics platform. Its flexible architecture makes it possible to adapt methodologies across theoretical and applied economics while maintaining consistent economics research workflows.
Decision making under risk and uncertainty: Study choices, probabilities, and payoff structures using controlled economic behavior experiments.
Behavioral economics: Examine biases, heuristics, and social preferences within structured behavioral economics studies.
Game theory and strategic interaction: Implement interactive multi-player designs to analyze cooperation, competition, and bargaining behavior.
Market and pricing experiments: Simulate market environments and pricing mechanisms using online economics experiments with real-time feedback.
Time preferences and intertemporal choice: Measure discounting behavior and delayed rewards within decision making research economics designs.
Public goods and social behavior: Study contribution, reciprocity, and norm compliance using scalable online economic studies.
Behavioral Economics Experiment Examples in Labvanced
Stock Market Game
In this task, the participant can buy and sell stocks using a pre-determined budget. The prices change dynamically on a per trial basis, thus the portfolio value changes as well.
Ultimatum Game
In this interactive 2-player game, one player proposes a split of money and the other decides to accept or reject.
Virtual Supermarket Shopping Task
In this study, participants have $12 to spend in a virtual supermarket. You must purchase 1 item from each of 5 categories. This is also a useful template for market research.
Delay Discounting Task
In this task, participants choose between a smaller amount of money today & a larger amount of money in the future. A combination of 12 time intervals & three hypothetical discount rates were used to create 36 trials + 2 catch trials.
Core Features for Economics Research
Labvanced combines powerful economics experiment software capabilities with scalable infrastructure to support behavioral economics studies, online economic studies, and hybrid lab-based designs. These features are designed to streamline economics research workflows while maintaining experimental rigor and data quality.
Visual economics experiment builder: Design complex economic behavior experiments without coding using an intuitive graphical interface.
Behavioral data collection: Capture choices, response times, interaction patterns, and outcome variables for behavioral data collection for economics.
Millisecond-precision timing: Ensure accurate stimulus presentation and response measurement for decision making research economics and economic behavior experiments.
Multi-participant designs: Run real-time group experiments where multiple participants can take part in the same experiment, at the same time.
Online and in-lab deployment: Run your economics research remotely or in controlled lab environments with the option to connect external hardware via LSL integrations.
Mouse and interaction tracking: Capture cursor movements, clicks, and interaction dynamics to analyze search strategies and decision processes in behavioral economics studies.
Webcam-based eye tracking: Measure visual attention and information acquisition remotely using webcam eye tracking within online economics experiments.
Generative AI interaction: Allow participants to communicate directly with AI agents in controlled experimental tasks to study information processing, persuasion, and decision making.
Feature Overview
Explore the powerful features available for designing and running experiments in Labvanced.
Webcam Eye Tracking
Capture gaze patterns and visual attention with built-in, code-free and peer-reviewed webcam eye-tracking.
Multi-user Research
Run synchronous, real-time multi-participant studies without having to write any networking or server code.
Run Economics Research End-to-End with Labvanced
Labvanced brings together economics research software, flexible economics research study tools, and scalable online economics experiments in one unified platform. By supporting diverse methodologies, precise behavioral data collection, and streamlined economics research workflows, Labvanced serves as the central hub for experimental economics research across academic and applied settings.