Since 2014
On the external validity of construction bidding experiment
Construction Economics and Building
View Archive Info| Field | Value | |
| Title |
On the external validity of construction bidding experiment
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| Creator |
Oo, Bee Lan
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| Subject |
Building Economics; Construction
Construction bidding; experiment; external validity; methodological issue Construction; Construction bidding |
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| Description |
The external validity of experimental studies and in particular, the subject pool effects have been much debated among researchers. The common objections are that the use of student as experimental subjects is invalid as they are likely to be unrepresentative. This paper addresses this methodological aspect in building economics research. It compares the bidding behavioural patterns of experienced construction executives (professionals) and student subjects through replication of a bidding experiment that aimed at testing theories. The results show that the student subjects’ bidding behavourial patterns, in terms of decision to bid and mark-up decision, are sufficiently similar to that of the professionals. This suggests that the subject pool per se is not a threat to the external validity of the bidding experiment. In addition, the demonstrated practicality of an experimental approach in testing theories should lead to more use of experimental studies with student subjects in building economics research. It is suggested that experimental and field findings should be seen as complementary in building economics research, as advocated in social sciences.
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| Publisher |
UTS ePRESS
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| Contributor |
—
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| Date |
2016-03-08
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — Experiment |
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| Format |
application/pdf
text/html |
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| Identifier |
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4818
10.5130/AJCEB.v16i1.4818 |
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| Source |
Construction Economics and Building; Vol 16, No 1 (2016): Construction Economics and Building; 64-75
2204-9029 |
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| Language |
eng
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| Relation |
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4818/5231
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4818/5247 |
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| Coverage |
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— Student subjects |
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| Rights |
Copyright (c) 2016 Bee Lan Oo
http://creativecommons.org/licenses/by/4.0 |
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