Lecture Notes In Experimental Economics eBook

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.

Contents:

• Why Experiment?
• Where to Experiment?
• How to Experiment: Methods
• How to Experiment: Implementation
• Data Analysis
• Game Theory Experiments
• Public Economics Experiments
• Social Preferences
• Auction Experiments
• Market Experiments
• Asset Market Experiments
• Macroeconomic Experiments

Readership: Professors, researchers, graduates, undergraduate students of economics, business management and finance.

Key Features:

• There is no book that provides both the methodology of experimental economics and key application areas in a single volume
• The material is organized as a series of 12 lectures that the author has successfully used over many years to teach semester or quarter length courses in experimental economics at the University of California, Irvine and the University of Pittsburgh
• The material is written at a level that is suitable for courses in experimental economics taught at the undergraduate, master's and PhD levels