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GIMS cited in Science

posted Mar 8, 2016, 6:29 AM by Stefan Palan   [ updated Jul 11, 2017, 10:24 AM ]
Science magazine title page
Since its publication in 2015, my asset market software GIMS ("Graz-Innsbruck Market System") has been downloaded several times and I have helped a number of researchers get started using it. Despite the interest, however, no study using GIMS had been published prior to today, leading me to fret a little bit about the delay between GIMS' publication and the appearance of studies utilizing it (my own first papers using GIMS are also still under preparation).

Now however I am proud to announce that a recent paper in Science, titled "Evaluating replicability of laboratory experiments ineconomics" is the first paper to be published reporting results obtained using GIMS. In this paper, my colleagues from the University of Innsbruck, Felix Holzmeister, Jürgen Huber, Michael Kirchler, and Michael Razen (with co-authors) study how well economic experiments replicate. They find that some 61% out of a set of 18 studies published in American Economic Review and Quarterly Journal of Economics in 2011 through 2014 replicate in their study, which uses a 90% power level to detect the original effect. Congratulations on this great and - from the view of the discipline - important paper, and thanks for using GIMS!