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Experimentation can mean different things in different contexts to different people. There are various approaches to what constitutes an experiment among researchers, innovators and evaluation practitioners. At its loosest, an ‘experiment’ is sometimes used to mean ‘trying out something new’. Strict definitions, on the other hand, consider a process an experiment only if it generates evidence that meets very specific criteria. The Centre for Regulatory Innovation’s (CRI) focus is on regulatory experimentation. Our definition is:

Experimentation can mean different things in different contexts to different people. There are various approaches to what constitutes an experiment among researchers, innovators and evaluation practitioners. At its loosest, an ‘experiment’ is sometimes used to mean ‘trying out something new’. Strict definitions, on the other hand, consider a process an experiment only if it generates evidence that meets very specific criteria. The Centre for Regulatory Innovation’s (CRI) focus is on regulatory experimentation.  

 

:'''A regulatory experiment is a test or trial of a new product, service, approach or process designed to generate evidence or information that can inform the design or administration of a regulatory regime.'''

'''Our definition is:

 

:A regulatory experiment is a test or trial of a new product, service, approach or process designed to generate evidence or information that can inform the design or administration of a regulatory regime.'''

In practice, a regulator might experiment with:  

In practice, a regulator might experiment with:  

*'''A regulated product or service.''' This includes new products, services and business models that create regulatory uncertainty. These may be unregulated or prohibited in some way by existing regulation. The experiment might be designed to understand the implications of those innovations if they were used in the real world or assess how easy they would be to regulate using existing mechanisms.

*'''A regulated product or service.''' This includes new products, services and business models that create regulatory uncertainty. These may be unregulated or prohibited in some way by existing regulation. The experiment might be designed to understand the implications of those innovations if they were used in the real world or assess how easy they would be to regulate using existing mechanisms.