Econometrics for experimental economics

In tradition, experimental economics uses non-parametric statistics to compare means between groups of attendants who attend experiments with different settings to investigate the effect of anticipated mechanism or policy. This statistical analysis limits itself to the effectiveness of the interventions without explanation why attendants response to the mechanism or policy in such the ways. Econometrics especially the panel data analysis can extend the analysis by adding explanatory variables into models with the panel data set constructed from the experiments in order to explain why the attendants behave as being observed. This paper introduces the idea and guideline how to use panel data analysis in experimental economics.