Indeed there are several limitations with laboratory experiments that might be overcome in an Internet setting. For example, the Internet provides the potential to reach a large subject pool which is heterogeneous in terms of education, profession, age etc. Whereas, laboratory experiments recruit their subjects predominantly among students of the same university. Furthermore, in a laboratory all participants have to be present at the same time, while an Internet experiment can be done asynchronously. These potential advantages suggest the adaption of Internet communication and emerging Internet technologies for experimental economics.
More experiments are on their way.
Political Stock Markets Political stock markets gained public interest when they predicted the outcome of the 1988 and 1992 U.S. presidental elections more precise than pollsters did. Event Markets Event markets are experimental asset market which are conducted on the occasion of an event. This might include sports or other events with uncertain outcome. The purpose of these markets is twofold. For researchers the data serves as a base for investigating portfolio choices when information is revealed gradually.