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Lecture Notes In Experimental Economics

Lecture Notes In Experimental Economics
Author: John Duffy
Publisher: World Scientific
Total Pages: 293
Release: 2024-07-02
Genre: Business & Economics
ISBN: 9811288488
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Experimental economics involves the use of controlled, experimental methods both in the laboratory and the field to better comprehend how individuals and groups make economic decisions and to more clearly identify causal relationships. This book takes the reader to the frontier of research in this exciting and rapidly growing field. Unlike other texts, this book discusses both the methodology of experimental economics and some of the main application areas.The material is organized as a series of 12 chapters or lectures that can be covered in a single academic term. The first five chapters cover the reasons for experimentation as well as basic experimental methodology. The last seven chapters discuss applications of experimental economics to areas such as game theory, public economics, social preferences, auctions and markets. The book assumes only a basic knowledge of economics and game theory and is written at a level that is suitable for advanced undergraduate, master's or PhD students.

Developments on Experimental Economics

Developments on Experimental Economics
Author: Sobei H. Oda
Publisher: Springer Science & Business Media
Total Pages: 264
Release: 2007-07-21
Genre: Business & Economics
ISBN: 3540686606
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This volume on experimental economics offers both new research grounds and a bird’s eye view on the field. In the first part, leading experimental economists, among them Vernon S. Smith and Daniel Friedman, give inspiring insights into their view on the general development of this field. In the second part, selected short papers by researchers from various disciplines present new ideas and concepts to solving problems in the real world.

Developments on Experimental Economics

Developments on Experimental Economics
Author: Sobei H. Oda
Publisher: Springer Science & Business Media
Total Pages: 264
Release: 2007-06-29
Genre: Business & Economics
ISBN: 3540686592
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This volume on experimental economics offers both new research grounds and a bird’s eye view on the field. In the first part, leading experimental economists, among them Vernon S. Smith and Daniel Friedman, give inspiring insights into their view on the general development of this field. In the second part, selected short papers by researchers from various disciplines present new ideas and concepts to solving problems in the real world.

Economics Lab

Economics Lab
Author: Daniel Friedman
Publisher: Psychology Press
Total Pages: 254
Release: 2004
Genre: Business & Economics
ISBN: 9780415324021
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This textbook sketches the history of experimental economics before moving on to describe how to set up an economics experiment and to survey selected applications and the latest methods.

Bounded Rational Behavior in Experimental Games and Markets

Bounded Rational Behavior in Experimental Games and Markets
Author: Reinhard Tietz
Publisher: Springer Science & Business Media
Total Pages: 369
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642483569
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The book reports on recent experimental research on expectations and decision making in bargaining, markets, auctions, or coalition formation situations. The investi- gated topics deliver building stones for a bounded rational theory as an approach to explain behavior and interpersonal interactions in economic and social relationships.

Surveys in Experimental Economics

Surveys in Experimental Economics
Author: Friedel Bolle
Publisher: Springer Science & Business Media
Total Pages: 259
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642574580
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Experimental Economics has experienced a steadily growing interest by economists during the last decade. This may not surprise since laboratory and field experiments obviously provide a further valuable source of empirical evidence of economic behavior besides statistics, econometrics, polls, interviews and simulations. In an overview of the recent developments in Experimental Economics, the present book concentrates on three central themes standing in the actual research focus: bargaining, cooperation and election markets. For each one of these topics the volume presents several state-of-the-art survey articles by experts in the field, accompanied by detailed comments. While the experimental approach sheds new light on the microeconomic standard topics of bargaining and cooperation, the election market approach as a new field may provide better forecasts for political elections - and for soccer World Championships.

Experimental Economics: Financial Markets, Auctions, and Decision Making

Experimental Economics: Financial Markets, Auctions, and Decision Making
Author: Fredrik Nils Andersson
Publisher: Springer Science & Business Media
Total Pages: 249
Release: 2011-06-28
Genre: Business & Economics
ISBN: 1461509173
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Experimental Economics: Financial Markets, Auctions, And Decision Making is based on research presented at the 20th Arne Ryde Symposium on Experimental Economics, held on November 9-11 at Lund University. The volume is divided into two parts. In Part I, interviews with prominent researchers in the field, all invited speakers at the Symposium, are presented. Those interviewed are Peter Bohm, Catherine Eckel, Werner Güth, John Hey, Daniel Kahneman, Alvin Roth, Vernon Smith, and Martin Weber. The interviews address important questions about basic experimental methods and the interpretation of results. In addition, these researchers answer questions relating to their specific fields and to their contributions at the Symposium. They are also asked to single out the most important findings in the field. Part II contains selected contributions from the conference. Topics covered include attitudes towards risk and inequality; pitfalls in experimental economics; analysis of trading-period duration; robustness in learning; video experiments on decision making and fairness; sequential prisoners' dilemmas; and collusion in auctions.

The Selten School of Behavioral Economics

The Selten School of Behavioral Economics
Author: Axel Ockenfels
Publisher: Springer Science & Business Media
Total Pages: 299
Release: 2010-09-09
Genre: Mathematics
ISBN: 3642139833
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Reinhard Selten, to date the only German Nobel Prize laureate in economics, celebrates his 80th birthday in 2010. While his contributions to game theory are well-known, the behavioral side of his scientific work has received less public exposure, even though he has been committed to experimental research during his entire career, publishing more experimental than theoretical papers in top-tier journals. This Festschrift is dedicated to Reinhard Selten’s exceptional influence on behavioral and experimental economics. In this collection of academic highlight papers, a number of his students are joined by leading scholars in experimental research to document the historical role of the “Meister” in the development of the research methodology and of several sub-fields of behavioral economics. Next to the academic insight in these highly active fields of experimental research, the papers also provide a glance at Reinhard Selten’s academic and personal interaction with his students and peers.

The Handbook of Experimental Economics

The Handbook of Experimental Economics
Author: John H. Kagel
Publisher: Princeton University Press
Total Pages: 776
Release: 2016-09-20
Genre: Business & Economics
ISBN: 1400883172
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An indispensable survey of new developments and results in experimental economics When The Handbook of Experimental Economics first came out in 1995, the notion of economists conducting lab experiments to generate data was relatively new. Since then, the field has exploded. This second volume of the Handbook covers some of the most exciting new growth areas in experimental economics, presents the latest results and experimental methods, and identifies promising new directions for future research. Featuring contributions by leading practitioners, the Handbook describes experiments in macroeconomics, charitable giving, neuroeconomics, other-regarding preferences, market design, political economy, subject population effects, gender effects, auctions, and learning and the economics of small decisions. Contributors focus on key developments and report on experiments, highlighting the dialogue between experimenters and theorists. While most of the experiments consist of laboratory studies, the book also includes several chapters that report extensively on field experiments related to the subject area studied. Covers exciting new growth areas in experimental economics Features contributions by leading experts Describes experiments in macroeconomics, charitable giving, neuroeconomics, market design, political economy, gender effects, auctions, and more Highlights the dialogue by experimenters with theorists and each other Includes several chapters covering field experiments related to the subject area studied

Experimental Economics

Experimental Economics
Author: Douglas D. Davis
Publisher: Princeton University Press
Total Pages: 586
Release: 2021-07-13
Genre: Business & Economics
ISBN: 0691233373
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A small but increasing number of economists have begun to use laboratory experiments to evaluate economic propositions under carefully controlled conditions. Experimental Economics is the first comprehensive treatment of this rapidly growing area of research. While the book acknowledges that laboratory experiments are no panacea, it argues cogently for their effectiveness in selected situations. Covering methodological and procedural issues as well as theory, Experimental Economics is not only a textbook but also a useful introduction to laboratory methods for professional economists. Although the authors present some new material, their emphasis is on organizing and evaluating existing results. The book can be used as an anchoring device for a course at either the graduate or advanced undergraduate level. Applications include financial market experiments, oligopoly price competition, auctions, bargaining, provision of public goods, experimental games, and decision making under uncertainty. The book also contains instructions for a variety of laboratory experiments.