Developments On Experimental Economics

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Economics Lab

Author : Daniel Friedman,Alessandra Cassar,Reinhard Selten
Publisher : Psychology Press
Page : 254 pages
File Size : 42,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 0415324025

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Economics Lab by Daniel Friedman,Alessandra Cassar,Reinhard Selten Pdf

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.

Handbook of Research Methods and Applications in Experimental Economics

Author : Arthur Schram,Aljaž Ule
Publisher : Edward Elgar Publishing
Page : 448 pages
File Size : 47,8 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781788110563

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Handbook of Research Methods and Applications in Experimental Economics by Arthur Schram,Aljaž Ule Pdf

This volume offers a comprehensive review of experimental methods in economics. Its 21 chapters cover theoretical and practical issues such as incentives, theory and policy development, data analysis, recruitment, software and laboratory organization. The Handbook includes separate parts on procedures, field experiments and neuroeconomics, and provides the first methodological overview of replication studies and a novel set-valued equilibrium concept. As a whole, the combination of basic methods and current developments will aid both beginners and advanced experimental economists.

Experimental Economics

Author : Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden
Publisher : Princeton University Press
Page : 384 pages
File Size : 54,7 Mb
Release : 2020-05-26
Category : Business & Economics
ISBN : 9780691204055

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Experimental Economics by Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden Pdf

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research. The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science. They explain that progress is being held back by an uncritical acceptance of folk wisdom regarding how experiments should be conducted, a failure to acknowledge that different objectives call for different approaches to experimental design, and a misplaced assumption that principles of good practice in theoretical modeling can be transferred directly to experimental design. Experimental Economics debates how such limitations might be overcome, and will interest practicing experimental economists, nonexperimental economists wanting to interpret experimental research, and philosophers of science concerned with the status of knowledge claims in economics.

The Handbook of Experimental Economics, Volume 2

Author : John H. Kagel,Alvin E. Roth
Publisher : Princeton University Press
Page : 770 pages
File Size : 45,5 Mb
Release : 2016-10-04
Category : Business & Economics
ISBN : 9780691139999

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The Handbook of Experimental Economics, Volume 2 by John H. Kagel,Alvin E. Roth Pdf

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

Developments on Experimental Economics

Author : Sobei H. Oda
Publisher : Springer Science & Business Media
Page : 264 pages
File Size : 55,5 Mb
Release : 2007-06-29
Category : Business & Economics
ISBN : 9783540686590

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Developments on Experimental Economics by Sobei H. Oda Pdf

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.

Beyond Experiments in Development Economics

Author : J. Edward Taylor,Mateusz J. Filipski
Publisher : Oxford University Press
Page : 337 pages
File Size : 50,6 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780198707875

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Beyond Experiments in Development Economics by J. Edward Taylor,Mateusz J. Filipski Pdf

This book provides researchers, students, and practitioners with a methodology to evaluate the impacts of a wide diversity of development projects and policies on local economies. Projects and policies often create spillovers within project areas. LEWIE uses simulation methods to quantify these spillovers. It has become a complement to randomized control trials (RCTs), as governments and donors become interested in documenting impacts beyond the treated, comparing the likely impacts of alternative interventions, and designing complementary interventions to influence program and policy impacts. It is also a tool for impact evaluation where RCTs are not feasible. Chapters 1-4 motivate and present the basics of impact simulation, including how to design a LEWIE model, how to estimate the model, and how to obtain the necessary data. The remaining chapters provide a diversity of interesting real-world applications and extensions of the basic models. The applications include evaluations of the impacts of cash transfers for the poor, ecotourism, global food-price shocks, irrigation projects, migration, and corruption. Each chapter provide readers with the tools they need to conduct their own local economy-wide impact evaluations. All models and data used in this book are available on-line.

The Handbook of Experimental Economics

Author : John H. Kagel
Publisher : Princeton University Press
Page : 739 pages
File Size : 44,8 Mb
Release : 1995
Category : Business & Economics
ISBN : 9780691058979

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The Handbook of Experimental Economics by John H. Kagel Pdf

This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

The Art of Experimental Economics

Author : Gary Charness,Mark Pingle
Publisher : Routledge
Page : 268 pages
File Size : 48,9 Mb
Release : 2021-08-26
Category : Business & Economics
ISBN : 9781000422979

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The Art of Experimental Economics by Gary Charness,Mark Pingle Pdf

Applying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole. Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review – some by Nobel prize-winning economists – run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes the case for why that paper is one of the top 20 in the field, discusses the use made of the experimental method, and considers related work to provide context for each paper. These reviews quickly expose readers to the breadth of application possibilities and the methodological issues, leaving them with a firm understanding of the legacy of the papers’ contributions. This text provides a survey of some of the very best research in experimental and behavioral economics and is a valuable resource for scholars and economics instructors, students seeking to develop capability in applying experimental methods, and economics researchers who wish to further explore the experimental approach.

Diversity of Experimental Methods in Economics

Author : Toshiji Kawagoe,Hirokazu Takizawa
Publisher : Springer
Page : 203 pages
File Size : 53,7 Mb
Release : 2019-02-09
Category : Business & Economics
ISBN : 9789811360657

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Diversity of Experimental Methods in Economics by Toshiji Kawagoe,Hirokazu Takizawa Pdf

This is the first book that examines the diverse range of experimental methods currently being used in the social sciences, gathering contributions by working economists engaged in experimentation, as well as by a political scientist, psychologists and philosophers of the social sciences. Until the mid-twentieth century, most economists believed that experiments in the economic sciences were impossible. But that’s hardly the case today, as evinced by the fact that Vernon Smith, an experimental economist, and Daniel Kahneman, a behavioral economist, won the Nobel Prize in Economics in 2002. However, the current use of experimental methods in economics is more diverse than is usually assumed. As the concept of experimentation underwent considerable abstraction throughout the twentieth century, the areas of the social sciences in which experiments are applied are expanding, creating renewed interest in, and multifaceted debates on, the way experimental methods are used. This book sheds new light on the diversity of experimental methodologies used in the social sciences. The topics covered include historical insights into the evolution of experimental methods; the necessary “performativity” of experiments, i.e., the dynamic interaction with the social contexts in which they are embedded; the application of causal inferences in the social sciences; a comparison of laboratory, field, and natural experiments; and the recent use of randomized controlled trials (RCTs) in development economics. Several chapters also deal with the latest heated debates, such as those concerning the use of the random lottery method in laboratory experiments.

Experiments in Economics

Author : Ananish Chaudhuri
Publisher : Routledge
Page : 268 pages
File Size : 41,9 Mb
Release : 2008-11-19
Category : Business & Economics
ISBN : 9781134023912

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Experiments in Economics by Ananish Chaudhuri Pdf

This book provides an easy to follow guide to economic experiments and specifically those that explore notions of fairness, altruism and trust in economic transactions and how findings in the field can change the way we approach a variety of economic problems.

Experimental Economics

Author : Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden
Publisher : Princeton University Press
Page : 384 pages
File Size : 47,6 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 0691124795

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Experimental Economics by Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden Pdf

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research. The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science. They explain that progress is being held back by an uncritical acceptance of folk wisdom regarding how experiments should be conducted, a failure to acknowledge that different objectives call for different approaches to experimental design, and a misplaced assumption that principles of good practice in theoretical modeling can be transferred directly to experimental design. Experimental Economics debates how such limitations might be overcome, and will interest practicing experimental economists, nonexperimental economists wanting to interpret experimental research, and philosophers of science concerned with the status of knowledge claims in economics.

Advances in Behavioral Economics

Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
Publisher : Princeton University Press
Page : 769 pages
File Size : 53,6 Mb
Release : 2011-12-12
Category : Business & Economics
ISBN : 9781400829118

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Advances in Behavioral Economics by Colin F. Camerer,George Loewenstein,Matthew Rabin Pdf

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

The Methodology of Experimental Economics

Author : Francesco Guala
Publisher : Cambridge University Press
Page : 302 pages
File Size : 45,6 Mb
Release : 2005-08-01
Category : Business & Economics
ISBN : 9781107320864

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The Methodology of Experimental Economics by Francesco Guala Pdf

The experimental approach in economics is a driving force behind some of the most exciting developments in the field. The 'experimental revolution' was based on a series of bold philosophical premises which have remained until now mostly unexplored. This book provides the first comprehensive analysis and critical discussion of the methodology of experimental economics, written by a philosopher of science with expertise in the field. It outlines the fundamental principles of experimental inference in order to investigate their power, scope and limitations. The author demonstrates that experimental economists have a lot to gain by discussing openly the philosophical principles that guide their work, and that philosophers of science have a lot to learn from their ingenious techniques devised by experimenters in order to tackle difficult scientific problems.

A Research Agenda for Experimental Economics

Author : Chaudhuri, Ananish
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 52,5 Mb
Release : 2021-07-31
Category : Business & Economics
ISBN : 9781789909852

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A Research Agenda for Experimental Economics by Chaudhuri, Ananish Pdf

Written by well-established researchers in behavioural economics, this Research Agenda illustrates the application of incentivised decision-making experiments, highlighting how this can add a new and novel dimension to social science research. Informative and timely, it explores how experiments are being used by pioneers in a diverse range of fields when research questions may not be amenable to field studies, vignettes or surveys.

A Collection of Surveys on Market Experiments

Author : Charles Noussair,Steven Tucker
Publisher : John Wiley & Sons
Page : 374 pages
File Size : 53,7 Mb
Release : 2013-11-27
Category : Business & Economics
ISBN : 9781118790687

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A Collection of Surveys on Market Experiments by Charles Noussair,Steven Tucker Pdf

Comprised of 10 surveys by leading scholars, this collection showcases the largest and fastest growing strands of research on market behaviour in experimental economics. Covers topics such as asset markets, contests, environmental policy, frictions, general equilibrium, labour markets, multi-unit auctions, oligopoly markets, and prediction markets Focuses on the literature that has helped economists best understand how markets operate Assesses the impact of developments in theory, policy, and research methods