Subjects in Experimental Economics

Martin Poulter, The Economics Network

Two interactive graphs to illustrate schematically the difference between hyperbolic and exponential (constant discount rate) discounting:

These have been created as part of the TRUE project to demonstrate what can be done with simple interactive graphs.

Interactive Tutorials, Experimental Economics
Todd Kaplan, University of Exeter / University of Haifa
Lecture Slides, Experimental Economics
Miguel A. Fonseca, University of Exeter

Lectures from BEEM109 Experimental Economics and Finance, 2009/10. Slides in PDF format. Shared as part of the TRUE project.

Lecture Slides, Experimental Economics
Miguel A. Fonseca, University of Exeter

Past exam from BEEM109 Experimental Economics and Finance, January 2009.

Assessment Materials, Experimental Economics
Todd Kaplan, University of Exeter / University of Haifa

Archived exams and homework questions from an 2008/09 course.

Assessment Materials, Experimental Economics
Xavier Gabaix, MIT

Part of the MIT OpenCourseWare site, this page supports a 2004 course on economics and psychology. The course integrates psychological insights into economic models of behaviour. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behaviour. It includes a syllabus, list of readings, lectures slides / handouts, details of assignments and problem sets.

Curricula and Syllabi, Lecture Slides, Online Text and Notes, Experimental Economics, Heterodox Economics, Other topics
David Autor, Esther Duflo, MIT

Archived from a course delivered in Spring 2006, this site has lecture notes, a syllabus and assignments freely available as part of MIT OpenCourseWare.

Assessment Materials, Curricula and Syllabi, Online Text and Notes, Experimental Economics
Dan Ariely, Duke University

Dan Ariely, author of Predictably Irrational speaks about his work in this 16 minute video from February 2009. He introduces the idea of experimental testing of economic hypotheses, applying it to experienced utility and to cheating behaviour. He contrasts the experimental results on cheating with what is predicted by rational choice analysis and draws implications for ethics in the financial sphere. The video can be watched online, with transcripts in multiple languages, or downloaded in various formats.

Video and Audio Lectures, Experimental Economics, Other topics
Dan Ariely, Duke University

This is a five minute YouTube video, dating from June 2008 and featuring Dan Ariely talking about how his experience as patient suffering 70 percent burns led him to explore pain management and question how supposed rational choices can be irrational. It looks at how cognitive psychology can effect choices and behaviour, especially in the sphere of economics. The video is presented as part of the Predictably Irrational website, that promotes Ariely's book of the same title.

Video and Audio Lectures, Experimental Economics, Heterodox Economics
Richard Thaler, University of Chicago

Behavioural economist and co-author of Nudge, Richard Thaler gives an hour long lecture on themes from the book including choice architecture and libertarian paternalism. This event took place on May 29, 2008, as a part of the Authors@Google series and is presented as a YouTube video.

Experimental Economics, Other topics
Matthew O. Jackson and Yoav Shoham, Stanford University

Five hours of lectures from a free online course that ran in 2012, broken up into chunks of about ten minutes. The video format combines a live-annotated slide presentation with a small window showing the speaker.

Video and Audio Lectures, Experimental Economics, Game Theory
University of Oslo. Department of Economics

This is the website for a course on behavioural economics as taught as an advanced course at masters level by the University of Oslo since 2006. It includes details of the syllabus / reading list, assessment methods, lecture handouts and economic problems to be discussed in the seminars. Specific topics covered by the course include behavioral decision theory, time inconsistency and self-control, social preferences and fairness.

Curricula and Syllabi, Economic Theory, Online Text and Notes, Experimental Economics, Other topics
Dan Ariely, MIT

Why do smart people make irrational decisions every day? Why do we repeatedly make the same mistakes when we make our selections? How do our expectations influence our actual opinions and decisions? Dan Ariely of MIT applies behavioural economics to these questions in this 75 minute podcast. This event was recorded on 17 March 2008 at the London School of Economics. It can be listened to online or downloaded as an mp3.

Video and Audio Lectures, Experimental Economics, Other topics
Nobel Foundation

The Nobel Foundation makes available a great deal of material on each of the Economics prize winners, including video of each Prize Lecture since Robert Mundell in 1999. As well as a lay introduction to each prize winner's research, there are "Advanced information" links giving a more technical explanation. This link is to the Economics Network's quick index of lecture videos and related materials on the site. Each video is a full lecture (usually between 40 and 60 minutes) with good audio and video quality, and pitched at a non-technical audience. Transcripts of each lecture are available.

Intermediate Macroeconomics, Intermediate Microeconomics, Comparative Economic Systems, Econometrics, Online Text and Notes, Experimental Economics, Game Theory, International Economics

EconPort is a digital library funded by the USA's National Science Foundation. Their glossary takes content from the glossary by Peter Meyer and the Sonderforschungsbereich 504 glossary developed at the University of Mannheim. It covers microeconomics, experimental economics and econometrics.

Intermediate Macroeconomics, Intermediate Microeconomics, Advanced Applied Economics, Glossaries of Economic Terms, Econometrics, Experimental Economics
Paul Dolan, LSE

Audio from a public lecture by Prof. Dolan from 8 February 2011. He considers the evidence for the idea that people make decisions that go against their own well-being, and also explores policy implications. It lasts 72 minutes and can be listened to online or downloaded as an MP3.

Video and Audio Lectures, Experimental Economics
Marcos Vera-Hernandez, University College London

PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.

Intermediate Microeconomics, Consumption and Households, Lecture Slides, Online Text and Notes, Experimental Economics, Financial Economics
Charles A Holt, Virginia University

This bibliography of 2000 publications and 500 discussion papers are organised here by topic and keyword, with some short abstracts by the site author. The collection was last updated in 1999. It covers the whole of experimental economics, including game theory, markets, bargaining, auctions, and public economics.

Online Text and Notes, Experimental Economics
SFB 504

Sonderforschungsbereich 504 is an interdisciplinary research group combining economists with social psychologists. This glossary provides well-written short articles in English on the basic concepts of economics and econometrics, as well as the psychology of decision making and social judgement. Covers most of the 'heuristics and biases' causing deviations from rational choice, e.g. availability, representativeness, risk aversion, anchoring-and-adjustment. Also covers behavioural finance, game theory, experimental economics, auction theory; and applications to life-cycle savings decisions. Essays are cross-referenced to entries in the site's bibliography.

Intermediate Microeconomics, Glossaries of Economic Terms, Econometrics, Experimental Economics, Financial Economics, Game Theory
Al Roth, Harvard University

Al Roth's game theory, experimental economics and market design page includes introductory articles called: Game-Theoretic Models of Bargaining, Two-Sided Matching Models, Experimental Economics, Is Economics a Science?, and Matching and Allocation in Medicine and Health Care.

Online Text and Notes, Experimental Economics, Game Theory
David Schweikhardt and A. Allen Schmidt, Michigan State University

This is a webpage supporting a course on Institutional and Behavioural Economics as taught by David Schweikhardt and A. Allan Schmid at Michigan State University in 2006.It covers topics such as: collective action, public choice, property rights, agency, transaction-information costs, behavioural theory of the firm-consumers-government, externalities, income distribution, order, evolution, learning, uncertainty, legitimation, altruism. Materials include handouts of lecture presentations, suggested readings and texts.

Online Text and Notes, Experimental Economics, Structural and Institutional Economics, Other topics
P J Healy, Carnegie Mellon

This is a syllabus for a behavioural economics course as taught by Professor P.J. Healy of Carnegie Mellon in 2006. It includes information on the course structure, assessments and topics. It also features a short article on Defining Behavioral Economics: History and A Parable, that explores the origins of the subject.

Curricula and Syllabi, Experimental Economics, Other topics
Martin Sewell

Behavioural Finance brings together a range of resources around the topic of behavioural finance including an introductory paper with an extensive bibliography (updated in August 2008), a brief history of the subject and links to key people, departments and publications in the area. It also features a glossary of terms from adaptive attitudes to the winners curse, that includes brief definitions and links to key papers on individual topics.

Glossaries of Economic Terms, Online Text and Notes, Experimental Economics
Simon D. Halliday, Smith College, Massachusetts

Syllabus from a Fall 2015 course based around the R language, with textbook recommendations.

Curricula and Syllabi, Experimental Economics
Masaru Uzawa, Otaru University of Commerce
This page includes some related Internet links and a suite of downloadable programs, covering the following topics: CAL in Economics Programs for Windows95/98, Looking at the Cournot Equilibrium by using MATHEMATICA 3.0 and Payoffs-matrix for Two firms model (Cournot model). They have been produced by Masaru Uzawa, of the Otaru University of Commerce.
Software, Experimental Economics
A pair of programs which enable an instructor to set up a game in strategic form and have it played by students over a network. The protocols for matching players and for stopping can be chosen by the instructor. They are suitable for use in high school and college courses, research laboratories for experimental economists and psychologists, as well as within strategic consulting groups. The software is highly portable, so that experiments can be designed and played from remotely located laptops, and the modules make minimal computer literacy demands on users.
Software, Experimental Economics
Urs Fischbacher, University of Zurich

zTree (Zurich Toolbox for Readymade Economic Experiments) allows the creation and running of economic experiments over a network, without any programming knowledge. Features include data saving, time display, profit calculation and tools for screen layout. A number of games and auctions are available for free download. It can be used for a wide range of possible experiments such as public good experiments, structured bargaining experiments or markets - including double auctions and Dutch auctions. Users need to sign a license agreement to use the software.

Software, Experimental Economics, Mathematical Economics
Michael Shermer
This is part of the University of Chicago series Mind Online. A talk by author and psychologist Michael Shermer that explains how evolution shaped the modern economy-and why people are so irrational about money. It is available as a QuickTime video or mp3 audio download.
Experimental Economics
Richard Thaler, Cass Suntein
This is part of the University of Chicago series Mind Online. Richard Thaler and Cass Sunstein talk about what each brought to the Nudge project, the origin of the elephants on the book cover, their fear of forms, and their hopes for a new political consensus in the country. It is available as a QuickTime video or mp3 audio download.
Experimental Economics

Study skills for Economics students

Our site Studying Economics has tips including writing and referencing, revision, and help with maths.

Know your rights, respect others'

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