EC4506: Experiments in Economics

joint with Shane Bonetti
EC4506 at the School of Economics and Finance
Timetable
6.+7.2.
Experimental Methods and Issues
13.+14.2.
Individual choice, risk
20.+21.2.
Public goods, free riding, the voluntary contribution mechanism
27.+28.2.
Ultimatum Bargaining Games
6.+7.3.
Bargaining Behaviour
13.3.
Entrapment and Escalation
14.+20.3.
Markets and Auctions
21.3.+10.4.
Experimental Design & Ethics
18.4.
Deadline essay submission

Essay questions:

There are four essay questions. Two questions are shown here and two questions will be presented by Shane Bonetti in the lecture. To make sure that not all students choose the same question, send an email with your ranking of questions to Shane Bonetti.

You are supposed to find the relevant literature for your question, to decide what is important and what is not important, and to organise the material in a clear and concise way (1500 words).

  1. Discuss: Is it wise to assume von Neumann and Morgenstern preferences in economic models?
  2. Discuss the advantages and disadvantages of using deception in economic experiments.
Literature:
  • J. H. Kagel and A. E. Roth, The Handbook of Experimental Economics, Princeton University Press, 1995.
  • Daniel Friedman, Shyam Sunder, Experimental Methods: A Primer for Economists, Cambridge Univ Press, 1994
  • Douglas D. Davis and Charles A. Holt, Experimental Economics, Princeton University Press, 1992.