Methods in experimental economics: an introduction
In: Springer texts in business and economics
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In: Springer texts in business and economics
In: Routledge advances in experimental and computable eocnomics
In: Routledge advances in behavioural economics and finance
"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 twenty 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 twenty 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 twenty 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. Gary Charness is Professor of Economics and the Director of the Experimental and Behavioral Economics Laboratory at the University of California, Santa Barbara, USA. Mark Pingle is Professor of Economics at the University of Nevada, Reno, USA."
In: Working papers in economics and statistics 2007,02
Moderne Evaluationsmethoden auf der Basis ökonometrischer Verfahren und randomisierter Feldexperimente machen es für immer mehr Politikbereiche möglich, die Wirksamkeit wirtschaftspolitischer Maßnahmen zu überprüfen. Gleichwohl sind diese Methoden in der deutschen Evaluationspraxis nicht der Standard. Andere Länder sind Deutschland in dieser Hinsicht voraus. Gerade vor dem Hintergrund knapper öffentlicher Mittel ist eine Verbesserung der Evaluationspraxis dringend geboten, um die Mittelverwendung auf solche Maßnahmen fokussieren zu können, deren Wirksamkeit nachgewiesen ist. In diesem Beitrag werden institutionelle Voraussetzungen für methodisch valide Wirkungsanalysen diskutiert und mögliche Schritte hin zu einer stärker evidenzbasierten Wirtschaftspolitik in Deutschland vorgeschlagen.
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Moderne Evaluationsmethoden auf der Basis ökonometrischer Verfahren und randomisierter Feldexperimente machen es für immer mehr Politikbereiche möglich, die Wirksamkeit wirtschaftspolitischer Maßnahmen zu überprüfen. Gleichwohl sind diese Methoden in der deutschen Evaluationspraxis nicht der Standard. Andere Länder sind Deutschland in dieser Hinsicht voraus. Gerade vor dem Hintergrund knapper öffentlicher Mittel ist eine Verbesserung der Evaluationspraxis dringend geboten, um die Mittelverwendung auf solche Maßnahmen fokussieren zu können, deren Wirksamkeit nachgewiesen ist. In diesem Beitrag werden institutionelle Voraussetzungen für methodisch valide Wirkungsanalysen diskutiert und mögliche Schritte hin zu einer stärker evidenzbasierten Wirtschaftspolitik in Deutschland vorgeschlagen.
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In dieser Dissertation werden zwei Hauptprobleme der Kommunikation in der experimentellen Ökonomie anhand einer detaillierten Analyse von einem Piratenspiel und einem Öffentliche-Güter-Spiel Experiment diskutiert: Vergleichbarkeit und Messung von Kommunikation. Um eindeutige Ergebnisse aus verschiedenen Kommunikationsexperimenten ziehen zu können, muss Kommunikation zunächst gründlicher klassifiziert werden. Die Dissertation schlägt Dimensionen vor, die für eine solche Klassifizierung auf theoretischer Basis verwendet werden können. Zweitens wird empirisch gezeigt, wie maschinelles Lernen die Verhaltensökonomie voranbringen kann, indem es Informationen aus Kommunikationsdaten extrahiert und Folgeverhalten vorhersagt. Mögliche Implikationen dieser Technologie für Politik, Wirtschaft und Gesellschaft im Allgemeinen werden skizziert. Da diese Implikationen derzeit noch weitgehend unerforscht sind, empfiehlt die Dissertation letztlich, dass die Verhaltensökonomie an dieser Entwicklung partizipiert und nicht einfach darauf wartet, dass sie eintritt.
In: Handbooks in economics 1574-0722 [28]
In: Handbooks in economics 28
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
In: Research in experimental economics volume 21
Introduction; R. Mark Isaac and Carl Kitchens Chapter 1. Land-Assembly Experiments: A Survey; Javier Portillo Chapter 2. Laboratory Experiments of Land Assembly without Eminent Domain; Mark DeSantis, Matthew McCarter, and Abel Winn Chapter 3. Multi-offer Litigation: An Empirical Analysis of Alternative Mechanisms; Alexandros Sivvopoulos and Mark Van Boening Chapter 4. Not as I Do: Hypocrisy Aversion and Optimal Punishment of Common Offenses; Greg DeAngelo, Michael Makowsky, and Bryan McCannon Chapter 5. The Robustness of Lemons in Experimental Markets; Blake Dunkle, R. Mark Isaac, and Philip Solimine.
In: Elgar research agendas
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.
Cover -- Title -- Copyright -- CONTENTS -- Preface -- Chapter 1 Macroeconomics: A Survey of Laboratory Research -- 1. Introduction: Laboratory Macroeconomics -- 2. Dynamic, Intertemporal Optimization -- 2.1. Optimal Consumption/Savings Decisions -- 2.2. Exponential Discounting and Infinite Horizons -- 2.3. Exponential or Hyperbolic Discounting? -- 2.4. Expectation Formation -- 3. Coordination Problems -- 3.1. Poverty Traps -- 3.2. Bank Runs -- 3.3. Resolving Coordination Problems: Sunspots -- 3.4. Resolving Coordination Problems: The Global Game Approach -- 4. Fields in Macroeconomics -- 4.1. Monetary Economics -- 4.2. Labor Economics -- 4.3. International Economics -- 4.4. Multisectoral Macroeconomics -- 5. Macroeconomic Policies -- 5.1. Ricardian Equivalence -- 5.2. Commitment versus Discretion -- 5.3. Monetary Policy -- 5.4. Fiscal and Tax Policies -- 6. Conclusions -- Acknowledgments -- Notes -- References -- Chapter 2 Using Experimental Methods to Understand Why and How We Give to Charity -- 1. Introduction -- 2. Preferences for Giving -- 2.1. Is Giving Rational? -- 2.2. Motives -- 3. Fundraising -- 3.1. Announcements: Sequential and Dynamic Giving -- 3.2. Lotteries -- 3.3. Auctions -- 3.4. Rebates and Matches -- 4. Conclusion -- Notes -- References -- Chapter 3 Neuroeconomics -- INTRODUCTION -- 1. Neurobiological Foundations -- 1.1. The Cellular Structure of the Brain -- 1.2. From Neurons to Networks -- 1.3. Summary of Neurobiology -- 2. Functional MRI: A Window into the Working Brain -- 2.1. Functional MRI and the BOLD Signal -- 2.2. Design Considerations -- 2.3. Image Analysis -- 2.4. Summary of Functional MRI -- 3. Risky Choice -- 3.1. Statistical Moments -- 3.2. Prospect Theory -- 3.3. Causal Manipulations -- 3.4. Logical Rationality and Biological Adaptation -- 3.5. Summary of Risky Choice -- 4. Intertemporal Choice and Self-regulation.