23994 Research in Experimental Economics
Warning: The information on this page is indicative. The subject outline for a
particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
Subject handbook information prior to 2024 is available in the Archives.
Credit points: 0 cp
Subject level:
Postgraduate
Result type: Pass fail, no marksThere are course requisites for this subject. See access conditions.
Anti-requisite(s): 23974 Research in Experimental Economics
Description
Experimental economics uses controlled experiments to study human decision making. The subject covers experimental methods to evaluate economic and behavioral propositions, providing a means for relating economic theory and observed behavior.
Subject learning objectives (SLOs)
| 1. | Understand foundational experimental economics literature |
|---|---|
| 2. | Design suitable experiments to test a theoretical conjecture |
| 3. | Appropriately collect and analyze data in a controlled setting |
Contribution to the development of graduate attributes
Develop comprehensive knowledge in a field of study.
Teaching and learning strategies
The subject will be taught using a combination of lectures and experimental role playing by students. Students will read from texts and articles appropriate to the selection of topics.
Content (topics)
- Individual Decision Experiments
- Market Experiments
- Risk and Decision Making
- Public Choice
- Auctions
- Bargaining and Behavioral Labor Economics
- Communication and Group Decision Making
Minimum requirements
This is a Pass / Fail subject
Required texts
There is no required textbook for this course. Here are some good textbooks if you are interested.
1. Charles A. Holt (2007), Markets, Games and Strategic Behavior, Addison-Wesley. Most up-to-date textbook on experimental economics, easy to read.
2. Colin F. Camerer (2003), Behavioral Game Theory: Experiments in Strategic Interaction, Princeton University Press. Introduction to behavioral game theory.
3. John Kagel and Alvin E. Roth (1995), Handbook of Experimental Economics, Princeton University Press. Comprehensive (but old) literature review on experimental economics.
One mostly learns experimental economics by doing it and by reading journal articles.