(Top)SummaryScorecardWhat this paper claimsWhat evidence it offersWhat's goodWhat's wrong with itWhat would change our mindScoring ExplanationKey ClaimsReferencesCited By

Evaluating replicability of laboratory experiments in economics

Colin F. Camerer, Anna Dreber, Eskil Forsell, Teck-Hua Ho, Jürgen Huber, Magnus Johannesson, Michael Kirchler, Johan Almenberg, Adam Altmejd, Taizan Chan, Emma Heikensten, Felix Holzmeister, Taisuke Imai, Siri Isaksson, Gideon Nave, Thomas Pfeiffer, Michael Razen, Hang Wu (2016) · Science

10.1126/science.aaf0918


Summary:

This study replicated 18 economics lab experiments and found that 61% produced their original result, with effect sizes shrinking by about a third — genuinely useful data. But its broader conclusions — that economics outperforms psychology in replicability, that the failure rate is dramatically higher than expected — rest on a benchmark the paper's data undermine and on cross-field comparisons so confounded they support no inference.

What this paper claims

Camerer et al. (2016) reproduced 18 laboratory experiments from two top economics journals. They report that 61% replicated, that replicated effects were about two-thirds the size of the originals, and that this rate — while below expectations — compares favorably to psychology. They suggest that disciplinary norms in economics, such as paying participants real money and prohibiting deception, may explain this advantage.

What evidence it offers

This is a replication study: new participants were recruited at different labs and run through the same experimental protocols. Each replication was pre-registered and powered to have at least a 90% chance of detecting the original effect. This makes credible the core count of how many of these 18 experiments reproduced. But the paper builds its most prominent claims on two comparisons its design cannot support: a benchmark that assumes original effect sizes are accurate (which the paper's data contradict), and a cross-discipline comparison with psychology that confounds "discipline" with at least six other methodological differences.

What's good

The descriptive data are genuinely valuable. Eleven of eighteen economics experiments, run by independent teams with pre-registered protocols and high statistical power, produced results in the same direction as the originals. The effect-size shrinkage of about one-third is clearly reported with appropriate uncertainty. Using six different replication indicators rather than a single pass/fail criterion is a methodological strength most replication projects of its era did not adopt. The complete package — pre-registration, open data, open code, publicly available replication reports — sets a high standard for transparency in meta-science.

What's wrong with it

The paper systematically overclaims across nearly every aspect of the analysis. The 92% benchmark is built from original effect sizes the paper itself shows are inflated by a third. The cross-discipline comparison with psychology is confounded by at least six methodological differences. The comparison to macroeconomic replication studies conflates independent replication with computational reproduction. The speculation about disciplinary norms rests on no data. These are not separate minor caveats — they are different manifestations of the same tendency to frame ambiguous evidence in the direction most flattering to experimental economics. The convergence across multiple independent lines of analysis makes the pattern credible: this is not a single questionable judgment call but a consistent interpretive lean.

What would change our mind

  • Upward: A larger replication project (50+ economics experiments) drawing from a wider range of journals and including within-subject designs, with verified protocol fidelity, would allow more precise estimates and meaningful subgroup analyses.
  • Upward: A head-to-head replication project using identical selection criteria, power targets, and design restrictions across economics and psychology would allow a genuine disciplinary comparison — the current one cannot.
  • Upward: Recalculating the expected replication rate using bias-corrected effect sizes (via p-curve, trim-and-fill, or similar methods) and showing the observed rate still falls significantly short would validate the paper's central interpretive claim.
  • Downward: Evidence that the "most important finding" selection criterion systematically favored more replicable effects — for instance, if randomly selected findings from the same papers replicated at substantially lower rates — would indicate the 61% rate is an upper bound for the field.
  • Downward: Documentation that replication protocols deviated from original procedures in ways that could have reduced effect sizes would reframe some "failures" as protocol problems rather than evidence about original findings.

Scoring Explanation

Study design

The core design fits its primary question. Pre-registered analysis plans, replications powered above 90%, and multiple replication-success measures represent strong methodological choices. But the design cannot support the paper's secondary claims. The 18 replications were run at six labs across four countries with different subject pools, languages, and cultural norms. The paper states that protocols were sent to original authors "for verification" but never reports whether authors responded, flagged problems, or whether manipulation checks were performed. Any replication failure could reflect a genuine false original, a subtle protocol deviation, or a cultural mismatch — the study cannot distinguish these. The cross-discipline comparison with psychology is confounded by differences in journals sampled, time periods, finding selection methods, design types, and statistical power. The comparison to macroeconomic replication studies conflates two different activities: running a new experiment versus re-running someone's analysis code on their own data. With only 18 studies, subgroup analyses are essentially anecdotal.

Statistical analysis

The nonparametric tests — paired comparisons of effect sizes and rank correlations — are a good fit for a study with only 18 observations, where stronger statistical assumptions would be hard to justify. Confidence intervals are reported throughout, and the wide uncertainty around the 61% rate (roughly 36% to 86%) is not hidden. The central interpretive problem is the binomial test comparing 61% observed to 92% expected. The 92% benchmark assumes original effect sizes are accurate, but the paper's own finding that replicated effects average only two-thirds of the originals directly contradicts this. Recalculating expected replication rates using the actual (smaller) effects would narrow the difference substantially, perhaps to insignificance. Twelve correlations between predictors and replication outcomes are reported without adjustment for multiple comparisons, and with 18 observations, removing a single study could substantially change the results. The meta-analytic estimates combine original and replication data without specifying whether the analysis used fixed or random effects — a choice that matters when the studies have different true effect sizes.

Construct validity

The descriptive claims are well-measured. Counting how many of 18 replications crossed a conventional threshold is straightforward, and the average effect-size ratio is clean arithmetic. But two of the paper's most prominent claims are disconnected from their evidence. The claim that the replication rate is "considerably lower" than expected rests on the 92% benchmark — built from original effect sizes the paper itself shows are inflated by roughly a third. The dramatic-sounding difference is substantially an artifact of an inflated comparison point. The claim that economics experiments replicate better than psychology experiments treats "discipline" as the explanatory variable, but the two replication projects differ in finding selection (most important versus random), design types, statistical power, journals, time periods, and sample sizes. No inference about disciplinary differences is possible from this comparison. The claim that studies with stronger original evidence predict replication success is close to tautological — it restates the truism that bigger effects are easier to detect again. The comparison to macroeconomic replication rates (Dewald 1986, McCullough 2006) compares new-data replication to same-data computational reproduction — categorically different activities that cannot be meaningfully compared.

Reasoning quality

The paper's interpretive framing consistently outruns its evidence. The 92% benchmark is featured prominently throughout, despite the paper's data showing its premise is wrong. The comparison to psychology receives a dedicated figure and extended discussion, with a single-sentence caveat ("it is premature to draw strong conclusions") that does not match the weight the rest of the paper places on it. The speculation that economics' norms — financial incentives, non-deception policies, transparency — explain its replication advantage is offered without any data connecting these norms to outcomes. Equally plausible alternatives (simpler experimental designs, stronger journal gatekeeping, or the mechanical effect of selecting the "most important" finding) receive no discussion. The paper does not mention regression to the mean as a partial explanation for effect-size shrinkage, even though studies selected for having cleared a significance threshold will naturally produce smaller effects on replication through ordinary sampling variability. The abstract presents replication rates of 67–78% for additional indicators without noting that the higher figures include borderline cases and assume no publication bias in the originals — caveats that appear only in the body text.

Transparency

All 18 analysis plans were pre-registered and made public before data collection. Replication data, analysis code, and full replication reports are posted at the Open Science Framework. Funding is disclosed in detail, and the authors state they have no conflicts of interest. The one meaningful omission: the paper never reports whether original authors actually confirmed the replication protocols were accurate, how many responded, or whether corrections were made. For a study measuring replication rates, unverified protocol fidelity is a real limitation, though it does not affect the transparency of the analysis itself.

Citation integrity

The paper's primary citations are accurate and its empirical data well-documented. The problems arise with the two most prominent comparative claims. The comparison to the [Reproducibility Project: Psychology (Open Science Collaboration 2015)]](reviews/papers/open-science-collaboration-2015-estimating-the-reproducibility-of-psychological) is cited fairly — the 36% rate is correctly reported — but the interpretive weight placed on it far exceeds what an 18-study sample can support, given at least six confounding methodological differences. More seriously, the citations used to argue that lab experiments replicate better than other empirical economics (Dewald 1986, McCullough 2006) are mischaracterized. Those studies measured whether results could be regenerated from the same data and code — not whether effects appeared in new data. Framing a 61% new-data replication rate alongside 13–23% same-data reproduction rates implies a comparison that is not meaningful. The paper also does not engage with the Many Labs projects, which found that well-known psychology effects replicated at higher rates than the Reproducibility Project average — a finding that would complicate the disciplinary comparison.

Independence

There are no financial conflicts — all funding comes from public and academic sources. The relevant pressure is reputational. Several lead authors are prominent figures in the replication reform movement and are also experimental economists, giving them dual incentives: demonstrating that replication failures are real (validating reform) while showing that economics performs well relative to other fields (validating their discipline). Design choices align with these interests: only the two most prestigious economics journals were sampled, only between-subject designs were included, and the "most important" finding was selected from each paper — collectively constructing the most favorable possible sample for a replication test. The paper does not frame it this way. Pre-registration and open data guard against selective reporting of results but not against selective framing.

Key Claims

Supported

About 61% of published economics lab experiments can be independently replicated

The study reran 18 experiments from top economics journals with large enough samples to have a strong chance of detecting the original effects, and 11 produced results in the same direction — a straightforward count that the design directly supports.

Not supported

Economics experiments replicate at higher rates than psychology experiments

The paper compares its 61% rate to the 36% rate from a separate psychology replication project, but the two projects differed in which studies were chosen (the economics team picked each paper's flagship finding; the psychology project picked one at random), what kinds of experiments were included, how much statistical power the replications had, and which journals were sampled — any of these differences could explain the gap without invoking discipline at all.

Supported

Published economics experiments substantially overestimate the size of their effects

On average, the replicated effects were only about two-thirds as large as the originals — a pattern consistent across the 18 studies and confirmed by a standard paired comparison, though some of this shrinkage is expected from normal statistical patterns even when original findings are genuine.

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