Lecture hours: 10
- History of experimental economics.
- The role of experiments in economics.
- The biggest successes of the experimental economics.
- Main benefits and limitations of using experiments in economic studies.
- Parallelism (external validity of the experimental results).
- The role of incentives.
- Field experiments.
- Stages of experimental studies: from building hypotheses to their statistical verification.
- z-Tree as a convenient tool for developing and conducting the economic experiments.
Participants of the course will learn how to plan and carry out economic experiments, and how to use their results in scientific studies. They will also gain knowledge on the main advantages and
limitations of experiments as a method of scientific research.
Dr Paweł Kuśmierczyk, firstname.lastname@example.org
- Guala, F. (2005). The Methodology of Experimental Economics, Cambridge University Press, Cambridge.
- Handbook of Experimental Economics (1995), J.H. Kagel, A.E. Roth (eds.). Princeton University Press, Princeton, New Jersey.
- Handbook of Experimental Economics Results, vol. 1 (2008), Ch. Plott, V.L. Smith (eds.). North-Holland, Amsterdam.
- Camerer, C.F., Hogarth, R.M. (1999). The effects of financial incentives in experiments: A review and capital-labor-production framework, Journal of Risk and Uncertainty, Vol. 19, No. 1-3, pp.
- Grether D.M., Plott C.R. (1979). Economic theory of choice and the preference reversal phenomenon, The American Economic Review, Vol. 69, No. 4, pp. 623-638.
- Harrison, G., List, J.A. (2004). Field experiments, Journal of Economic Literature, Vol. 42, No. 4, pp. 1013-1059.
- Kuśmierczyk P. (2010). Of mice and men: The usefulness of experiments in studies of human behaviour, The Global Challenges for Economic Theory and Practice in CEE Countries, Conference
Proceedings, Vilnius University Publishing House (forthcoming).
- Roth, A.E. (1988). Laboratory experimentation in economics: A methodological overview, The Economic Journal, Vol. 98., No. 393, pp. 974-1031.
- Samuelson, L. (2005). Economic theory and experimental economics, Journal of Economic Literature, Vol. 43, No. 1, pp. 65-107.