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Art of Experimental Economics

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Asset Market Experiments
Asset Markets
behavioral economics
behavioural economics experimental studies
Category=JMA
Category=KCA
Category=KCC
Coase theorem
competitive market economy
Conditional Cooperators
decision making under uncertainty
Dictator Games
Double Auction
Elicit Risk Preferences
Endowment Effect
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
experimental economics
experimental game analysis
Experimenter Demand Effect
incentive structures
laboratory economic methods
Linear Public Goods Game
market anomalies
market behaviour research
markets
Nash Equilibrium
Oral Double Auction
Pay For Performance
political economy
public economics
public goods
Public Goods Game
risk aversion
Risk Coefficients
Run Field Experiments
social preference theory
SPE
Strategy Method
Trust Game
Ultimatum Bargaining
Ultimatum Bargaining Game
Ultimatum Game
Uri Gneezy
Violated
Voluntary Contribution Mechanism
Winner's Curse
Winner’s Curse

Product details

  • ISBN 9780367894306
  • Weight: 420g
  • Dimensions: 156 x 234mm
  • Publication Date: 27 Aug 2021
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

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.
About

Gary Charness is a Professor of Economics and the Director of the Experimental and Behavioral Economics Laboratory at the University of California, Santa Barbara, USA.

Mark Pingle is a Professor of Economics at the University of Nevada, Reno, USA.