Experiments In Economics

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Experimental Economics

Nicolas Jacquemet,Olivier L'Haridon
Experimental Economics Book PDF

Author : Nicolas Jacquemet,Olivier L'Haridon
Publisher : Cambridge University Press
Page : 475 pages
File Size : 49,6 Mb
Release : 2018-11-29
Category : Business & Economics
ISBN : 9781107060272

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Experimental Economics by Nicolas Jacquemet,Olivier L'Haridon Pdf

Over the past two decades, experimental economics has moved from a fringe activity to become a standard tool for empirical research. With experimental economics now regarded as part of the basic tool-kit for applied economics, this book demonstrates how controlled experiments can be a useful in providing evidence relevant to economic research. Professors Jacquemet and L'Haridon take the standard model in applied econometrics as a basis to the methodology of controlled experiments. Methodological discussions are illustrated with standard experimental results. This book provides future experimental practitioners with the means to construct experiments that fit their research question, and new comers with an understanding of the strengths and weaknesses of controlled experiments. Graduate students and academic researchers working in the field of experimental economics will be able to learn how to undertake, understand and criticise empirical research based on lab experiments, and refer to specific experiments, results or designs completed with case study applications.

Experiments in Economics

Ananish Chaudhuri
Experiments in Economics Book PDF

Author : Ananish Chaudhuri
Publisher : Routledge
Page : 268 pages
File Size : 46,5 Mb
Release : 2008-11-19
Category : Business & Economics
ISBN : 9781134023912

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Experiments in Economics by Ananish Chaudhuri Pdf

Are humans fair by nature? Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? Does this natural inclination towards fairness or trust have implications in the market-place? Traditional economic theory would perhaps think not, perceiving human interaction as self-interested at heart. There is increasing evidence however that social norms and norm-driven behaviour such as a preference for fairness, generosity or trust have serious implications for economics. This book provides an easily accessible overview of economic experiments, specifically those that explore the role of fairness, generosity, trust and reciprocity in economic transactions. Ananish Chaudhuri approaches a variety of economic issues and problems including: Pricing by firms Writing labour contracts between parties Marking voluntary contributions to charity, Addressing issues of environmental pollution, Providing micro-credit to small entrepreneurs, Resolving problems of coordination failure in organizations. The book discusses how norm-driven behaviour can often lead to significantly different outcomes than those predicted by economic theories and these findings should in turn cause us to re-think how we approach economic analysis and policy. Assuming no prior knowledge of economics and containing a variety of examples, this reader friendly volume will be perfect reading for people from a wide range of backgrounds including students and policy-makers. The book should appeal to economics undergraduates studying experimental economics, microeconomics or game theory as well as students in social psychology, organizational behaviour, management and other business related disciplines.

The Handbook of Experimental Economics

John H. Kagel,Alvin E. Roth
The Handbook of Experimental Economics Book PDF

Author : John H. Kagel,Alvin E. Roth
Publisher : Princeton University Press
Page : 742 pages
File Size : 49,6 Mb
Release : 2020-05-05
Category : Business & Economics
ISBN : 9780691213255

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

Behavioural Economics and Experiments

Ananish Chaudhuri
Behavioural Economics and Experiments Book PDF

Author : Ananish Chaudhuri
Publisher : Routledge
Page : 459 pages
File Size : 53,6 Mb
Release : 2021-05-13
Category : Business & Economics
ISBN : 9781000375718

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Behavioural Economics and Experiments by Ananish Chaudhuri Pdf

- Incorporates the latest experimental evidence from across economics, psychology and neuroscience to provide cutting-edge introduction for students. - Structured around three key settings – individuals, small groups and larger impersonal groups (e.g. markets) – this text provides a logical framework for the study of economic decision-making. - Includes discussion of emotions including fairness, trust, selfishness and altruism on both a micro and macro level to show how they can influence personal decision making as well as entire economies.

Handbook of Experimental Economics Results

Charles R. Plott,Vernon L. Smith
Handbook of Experimental Economics Results Book PDF

Author : Charles R. Plott,Vernon L. Smith
Publisher : Elsevier
Page : 1184 pages
File Size : 49,7 Mb
Release : 2008-08-21
Category : Business & Economics
ISBN : 9780080887968

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Handbook of Experimental Economics Results by Charles R. Plott,Vernon L. Smith Pdf

Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appear blurred and may produce results that vary from strong support to little or partial support of the relevant theory. At a recent conference, a question was asked about where experimental methods might be more useful than field methods. Although many cannot be answered by experimental methods, there are questions that can only be answered by experiments. Much of the progress of experimental methods involves the posing of old or new questions in a way that experimental methods can be applied. The title of the book reflects the spirit of adventure that experimentalists share and focuses on experiments in general rather than forcing an organization into traditional categories that do not fit. The emphasis reflects the fact that the results do not necessarily demonstrate a consistent theme, but instead reflect bits and pieces of progress as opportunities to pose questions become recognized. This book is a result of an invitation sent from the editors to a broad range of experimenters asking them to write brief notes describing specific experimental results. The challenge was to produce pictures and tables that were self-contained so the reader could understand quickly the essential nature of the experiments and the results.

Methods in Experimental Economics

Joachim Weimann,Jeannette Brosig-Koch
Methods in Experimental Economics Book PDF

Author : Joachim Weimann,Jeannette Brosig-Koch
Publisher : Springer
Page : 317 pages
File Size : 52,5 Mb
Release : 2019-07-12
Category : Business & Economics
ISBN : 9783319933634

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Methods in Experimental Economics by Joachim Weimann,Jeannette Brosig-Koch Pdf

This textbook provides a hands-on and intuitive overview of the methodological foundations of experimental economics. Experimental economic research has been an integral part of economic science for quite some time and is gaining more and more attention in related disciplines. The book addresses the design and execution of experiments, the evaluation of experimental data and the equipment of an experimental laboratory. It illustrates the challenges involved in designing and conducting experiments and helps the reader to address them in practice.

Experimental Methods

Daniel Friedman,Shyam Sunder
Experimental Methods Book PDF

Author : Daniel Friedman,Shyam Sunder
Publisher : Cambridge University Press
Page : 252 pages
File Size : 52,9 Mb
Release : 1994-01-28
Category : Business & Economics
ISBN : 0521456827

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Experimental Methods by Daniel Friedman,Shyam Sunder Pdf

This primer is the first hands-on guide to the physical aspects of conducting experiments in economics.

Experimental Economics

Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden
Experimental Economics Book PDF

Author : Nicholas Bardsley,Robin Cubitt,Graham Loomes,Peter Moffatt,Chris Starmer,Robert Sugden
Publisher : Princeton University Press
Page : 384 pages
File Size : 54,6 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.

Experimental Economics

Douglas D. Davis,Charles A. Holt
Experimental Economics Book PDF

Author : Douglas D. Davis,Charles A. Holt
Publisher : Princeton University Press
Page : 586 pages
File Size : 52,8 Mb
Release : 2021-07-13
Category : Business & Economics
ISBN : 9780691233376

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Experimental Economics by Douglas D. Davis,Charles A. Holt Pdf

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.

Experiments in Environmental Economics

Jason F. Shogren
Experiments in Environmental Economics Book PDF

Author : Jason F. Shogren
Publisher : Routledge
Page : 556 pages
File Size : 50,6 Mb
Release : 2018-04-27
Category : Social Science
ISBN : 9781351766807

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Experiments in Environmental Economics by Jason F. Shogren Pdf

This title was first published in 2003.Over the decades, experiential methods have become an established research tool in environmental economics. Economists working in this area have realised that experimental methods from economics and other disciplines such as psychology and decision theory can be applied to gain insight into the behavioral underpinnings of environmental policy. Economic experiments, in the lab and field, are an attractive tool to address the incentive and contextual questions that arise in environmental policy. Experiments have been and continue to be designed to capture the key elements of market and non-market choices to test theory, for pattern recognition, to testbed new institutions, and to value public goods, including environmental protection. This volume collects the most significant papers in the literature that identify the underpinnings of experimental approaches are complemented by works that specifically address the use of experimental economics to identify choice under risk, conflict, cooperation, environmental policy instruments, and environmental valuation

Experiments with Economic Principles

Bergstrom,John H. Miller
Experiments with Economic Principles Book PDF

Author : Bergstrom,John H. Miller
Publisher : McGraw-Hill Europe
Page : 336 pages
File Size : 41,6 Mb
Release : 2006-08
Category : Electronic
ISBN : 0072295198

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Experiments with Economic Principles by Bergstrom,John H. Miller Pdf

Contains economic experiments designed for students who have not taken any economics. This book supplements any microeconomics text, is used by itself to teach principles. It includes features such as: a chapter on public goods; a chapter on network externalities; concepts of economic principles; problems and tie-ins to economics; and more.

Handbook of Research Methods and Applications in Experimental Economics

Arthur Schram,Aljaž Ule
Handbook of Research Methods and Applications in Experimental Economics Book PDF

Author : Arthur Schram,Aljaž Ule
Publisher : Edward Elgar Publishing
Page : 448 pages
File Size : 46,7 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.

The Handbook of Experimental Economics, Volume 2

John H. Kagel,Alvin E. Roth
The Handbook of Experimental Economics Volume 2 Book PDF

Author : John H. Kagel,Alvin E. Roth
Publisher : Princeton University Press
Page : 770 pages
File Size : 53,5 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

Diversity of Experimental Methods in Economics

Toshiji Kawagoe,Hirokazu Takizawa
Diversity of Experimental Methods in Economics Book PDF

Author : Toshiji Kawagoe,Hirokazu Takizawa
Publisher : Springer
Page : 203 pages
File Size : 52,9 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.

Behavioral Game Theory

Colin F. Camerer
Behavioral Game Theory Book PDF

Author : Colin F. Camerer
Publisher : Princeton University Press
Page : 568 pages
File Size : 53,8 Mb
Release : 2011-09-05
Category : Business & Economics
ISBN : 9781400840885

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Behavioral Game Theory by Colin F. Camerer Pdf

Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.