Selected Issues In Experimental Economics

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Experimental Economics

Author : Douglas D. Davis
Publisher : Princeton University Press
ISBN 13 : 0691233373
Total Pages : 586 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Experimental Economics by : Douglas D. Davis

Download or read book Experimental Economics written by Douglas D. Davis and published by Princeton University Press. This book was released on 2021-07-13 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Selected Issues in Experimental Economics

Author : Kesra Nermend
Publisher : Springer
ISBN 13 : 3319284193
Total Pages : 385 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Selected Issues in Experimental Economics by : Kesra Nermend

Download or read book Selected Issues in Experimental Economics written by Kesra Nermend and published by Springer. This book was released on 2016-03-24 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this volume is to provide deep insights and the latest scientific developments and trends in experimental economics. Derived from the 2015 Computational Methods in Experimental Economics (CMEE) conference, this book features papers containing research and analysis of economic experiments concerning research in such areas as management science, decision theory, game theory, marketing and political science. The goal is to present possibilities for using various computer methods in the scope of experimental economics to further provide researchers with a wide variety of tools. The field of experimental economics is rapidly evolving. Modern use of experimental economics requires the integration of knowledge in the domains of economic sciences, computer science, psychology, and neuroscience. Recent research includes experiments conducted both in the laboratory and in the field, and the results are used for testing and a better understanding of economic theories. Researchers working in this field use mainly a set of well-established methods and computer tools that support the experiments. Methods such as artificial intelligence, computer simulation and computer graphics, however, are not represented enough in experimental economics studies and most experimenters do not consider their usage. The goal of the conference and the enclosed papers is to allow for an exchange of experiences and to promote joint initiatives to insight change in this trend.

Experimental Economics

Author : Nicolas Jacquemet
Publisher : Cambridge University Press
ISBN 13 : 1107060273
Total Pages : 475 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Experimental Economics by : Nicolas Jacquemet

Download or read book Experimental Economics written by Nicolas Jacquemet and published by Cambridge University Press. This book was released on 2018-11-29 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Handbook of Experimental Economics

Author : John H. Kagel
Publisher : Princeton University Press
ISBN 13 : 0691213259
Total Pages : 742 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of Experimental Economics by : John H. Kagel

Download or read book The Handbook of Experimental Economics written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-05 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Experiments in Economics

Author : Ananish Chaudhuri
Publisher : Routledge
ISBN 13 : 113402391X
Total Pages : 268 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Experiments in Economics by : Ananish Chaudhuri

Download or read book Experiments in Economics written by Ananish Chaudhuri and published by Routledge. This book was released on 2008-11-19 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Methodology of Experimental Economics

Author : Francesco Guala
Publisher : Cambridge University Press
ISBN 13 : 1107320860
Total Pages : 302 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis The Methodology of Experimental Economics by : Francesco Guala

Download or read book The Methodology of Experimental Economics written by Francesco Guala and published by Cambridge University Press. This book was released on 2005-08-01 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Experimental Economics

Author : Nicholas Bardsley
Publisher : Princeton University Press
ISBN 13 : 0691204055
Total Pages : 384 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Experimental Economics by : Nicholas Bardsley

Download or read book Experimental Economics written by Nicholas Bardsley and published by Princeton University Press. This book was released on 2020-05-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Methods in Experimental Economics

Author : Joachim Weimann
Publisher : Springer
ISBN 13 : 3319933639
Total Pages : 317 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Methods in Experimental Economics by : Joachim Weimann

Download or read book Methods in Experimental Economics written by Joachim Weimann and published by Springer. This book was released on 2019-07-12 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Handbook of Experimental Economics Results

Author : Charles R. Plott
Publisher : Elsevier
ISBN 13 : 0080887961
Total Pages : 1184 pages
Book Rating : 4.0/5 (88 download)

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Book Synopsis Handbook of Experimental Economics Results by : Charles R. Plott

Download or read book Handbook of Experimental Economics Results written by Charles R. Plott and published by Elsevier. This book was released on 2008-08-21 with total page 1184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Papers in Experimental Economics

Author : Vernon L. Smith
Publisher : Cambridge University Press
ISBN 13 : 0521364566
Total Pages : 829 pages
Book Rating : 4.5/5 (213 download)

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Book Synopsis Papers in Experimental Economics by : Vernon L. Smith

Download or read book Papers in Experimental Economics written by Vernon L. Smith and published by Cambridge University Press. This book was released on 1991-11-29 with total page 829 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of the major papers of Vernon L. Smith, the main creator of the new field of experimental economics.

Handbook of Research Methods and Applications in Experimental Economics

Author : Arthur Schram
Publisher : Edward Elgar Publishing
ISBN 13 : 1788110560
Total Pages : 448 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Handbook of Research Methods and Applications in Experimental Economics by : Arthur Schram

Download or read book Handbook of Research Methods and Applications in Experimental Economics written by Arthur Schram and published by Edward Elgar Publishing. This book was released on 2019 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author : John H. Kagel
Publisher : Princeton University Press
ISBN 13 : 0691139997
Total Pages : 770 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Handbook of Experimental Economics, Volume 2 by : John H. Kagel

Download or read book The Handbook of Experimental Economics, Volume 2 written by John H. Kagel and published by Princeton University Press. This book was released on 2016-10-04 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Handbook of Experimental Economic Methodology

Author : Guillaume R. Fréchette
Publisher : Oxford University Press
ISBN 13 : 0190202165
Total Pages : 416 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Handbook of Experimental Economic Methodology by : Guillaume R. Fréchette

Download or read book Handbook of Experimental Economic Methodology written by Guillaume R. Fréchette and published by Oxford University Press. This book was released on 2015-01-02 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Experimental Economic Methodology, edited by Guillaume R. Fréchette and Andrew Schotter, aims to confront and debate the issues faced by the growing field of experimental economics. For example, as experimental work attempts to test theory, it raises questions about the proper relationship between theory and experiments. As experimental results are used to inform policy, the utility of these results outside the lab is questioned, and finally, as experimental economics tries to integrate ideas from other disciplines like psychology and neuroscience, the question of their proper place in the discipline of economics becomes less clear. This book contains papers written by some of the most accomplished scholars working at the intersection of experimental, behavioral, and theoretical economics talking about methodology. It is divided into four sections, each of which features a set of papers and a set of comments on those papers. The intention of the volume is to offer a place where ideas about methodology could be discussed and even argued. Some of the papers are contentious---a healthy sign of a dynamic discipline---while others lay out a vision for how the authors think experimental economics should be pursued. This exciting and illuminating collection of papers brings light to a topic at the core of experimental economics. Researchers from a broad range of fields will benefit from the exploration of these important questions.

The Art of Experimental Economics

Author : Gary Charness
Publisher : Routledge
ISBN 13 : 1000423026
Total Pages : 266 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Art of Experimental Economics by : Gary Charness

Download or read book The Art of Experimental Economics written by Gary Charness and published by Routledge. This book was released on 2021-08-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Frontiers in Economics

Author : Klaus F. Zimmermann
Publisher : Springer Science & Business Media
ISBN 13 : 3540247394
Total Pages : 489 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Frontiers in Economics by : Klaus F. Zimmermann

Download or read book Frontiers in Economics written by Klaus F. Zimmermann and published by Springer Science & Business Media. This book was released on 2013-03-20 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Experimental Economics: Financial Markets, Auctions, and Decision Making

Author : Fredrik Nils Andersson
Publisher : Springer Science & Business Media
ISBN 13 : 1461509173
Total Pages : 248 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Experimental Economics: Financial Markets, Auctions, and Decision Making by : Fredrik Nils Andersson

Download or read book Experimental Economics: Financial Markets, Auctions, and Decision Making written by Fredrik Nils Andersson and published by Springer Science & Business Media. This book was released on 2011-06-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Behavioural and Experimental Economics

Author : Steven Durlauf
Publisher : Springer
ISBN 13 : 0230280781
Total Pages : 267 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Behavioural and Experimental Economics by : Steven Durlauf

Download or read book Behavioural and Experimental Economics written by Steven Durlauf and published by Springer. This book was released on 2016-04-30 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.