Experimental Economics: Method and Applications

Publisher:

Cambridge University Press

Publication date:

22 November 2018

29 November 2018

ISBN:

9781107446786

9781107060272

9781107629776

DOI:

https://doi.org/10.1017/9781107446786

Dimensions:

(247 x 174 mm)

Weight & Pages:

0.98kg, 472 Pages

Dimensions:

(247 x 174 mm)

Weight & Pages:

0.84kg, 472 Pages

Subjects:: Economics, Econometrics and Mathematical Methods, Psychology, Cognition

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Subjects:: Economics, Econometrics and Mathematical Methods, Psychology, Cognition

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Over the past two decades, experimental economics has moved from a fringe activity to become a standard tool for empirical research. With experimental economics now regarded as part of the basic tool-kit for applied economics, this book demonstrates how controlled experiments can be a useful in providing evidence relevant to economic research. Professors Jacquemet and L'Haridon take the standard model in applied econometrics as a basis to the methodology of controlled experiments. Methodological discussions are illustrated with standard experimental results. This book provides future experimental practitioners with the means to construct experiments that fit their research question, and new comers with an understanding of the strengths and weaknesses of controlled experiments. Graduate students and academic researchers working in the field of experimental economics will be able to learn how to undertake, understand and criticise empirical research based on lab experiments, and refer to specific experiments, results or designs completed with case study applications.

‘A must-read primer for anyone who needs to be convinced of the importance of using experimental methods for testing economic theory and designing policies. Anyone willing to learn how to design an experiment will treasure this book because it provides a comprehensive coverage of laboratory techniques for economists and of the econometrics of experimental data. No doubt this book will induce students and young scholars to invest in this exciting field.'

Marie Claire Villeval - Centre National de la Recherche Scientifique, Groupe d'Analyse et de Théorie Economique, Université de Lyon

‘This book is a must for every experimental economist. It scrutinizes the methodological background of many aspects of experiments in economics that are taken for granted by many others. At the same time it provides superb didactical accounts of these aspects, convenient recipes for actually doing experiments, and the main implications that experiments can have. Carefully elaborated case studies illustrate the methodological issues discussed, but at the same time are of central interest to the field by themselves. Readers will find their knowledge both broadened and deepened by this magnificent book.'

Peter P. Wakker - Erasmus University Rotterdam

‘This is a great book. It lays out the whys, what fors, and hows of experimental economics. It takes us through the econometric skills we need and describes the steps one has to take in designing and running an experiment. It is destined to be the go-to teaching and reference book for the field.'

Andrew Schotter - Director, Center for Experimental Social Science, New York University

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Experimental Economics

Method and Applications

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Contents

Frontmatter
pp i-iv

Contents
pp v-vii

List of Figures
pp viii-ix

List of Tables
pp x-xi

List of Illustrations
pp xii-xiii

List of Focuses
pp xiv-xv

Abbreviations and Symbols
pp xvi-xx

Preface
pp xxi-xxiv

Part I - What Is It? An Introduction to Experimental Economics
pp 1-2

1 - The Emergence of Experiments in Economics
pp 3-25

2 - A Laboratory Experiment: Overview
pp 26-48

Part II - Why? The Need for Experiments in Economics
pp 49-50

3 - The Need for Controlled Experiments in Empirical Economics
pp 51-87

4 - The Need for Experimental Methods in Economic Science
pp 88-116

Part III - How? Laboratory Experiments in Practice
pp 117-118

5 - Designing an Experiment: Internal-Validity Issues
pp 119-190

6 - Conducting an Experiment
pp 191-228

7 - The Econometrics of Experimental Data
pp 229-320

Part IV - What For? What Laboratory Experiments Tell Us
pp 321-322

8 - The External Validity of Experimental Results
pp 323-360

9 - More Accurate Theory and Better Public Policies: the Contributions of Experimental Economics
pp 361-397

References
pp 398-430

Index
pp 431-440

Index of Authors
pp 441-450

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Experimental Economics

Method and Applications

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