000			02433nam a22001937a 4500
999			_c113922 _d113922
003			OSt
005			20200910123811.0
008			190726b2016 ||||| |||| 00| 0 eng
020			_a9788125060796
040			_cnls
082			_a330 GUP
100			_aGupta Gautam
245			_aAn introduction to experimental economics
260			_aHyderabad _bOrient BlackSwan _c2016
300			_aPB
505			_aContents: 1. Introduction to experimental economics. 2. Experiments with games of strategic choices. 3. Experiments with public goods. 4. Individual decisions under uncertainty. 5. Various types of experimental designs. 6. The methodology and protocol of experimental economics. 7. Introduction to programming using z-tree. Bibliography. Experiments in economics involve gathering human subjects in a classroom or a computer laboratory, presenting them with a situation and making them take decisions that are monetarily incentivised. These decisions will later be analysed statistically or econometrically to yield results that confirm, but also challenge, predictions of economic theory, thereby expanding the boundaries of knowledge regarding human economic behaviour and its motives. An Introduction to Experimental Economics details the methodology, procedure and protocol to be followed while conducting experiments in economics. It draws the contours of the newly emerging discipline through the main areas where experiments are being used: games involving strategic decisions where there are two players and the decision of one player is contingent upon how she expects the other player to behave, public goods games designed to test the existence of the free rider problem through a voluntary contributions mechanism, and games involving a choice between two or more lotteries that explain decision-making under conditions of uncertainty. A unique feature is the discussion on experiments designed to elicit the impact of community, caste, religion and multiplicity of culture, based on the author s rigorous work in the field. Written in simple language, and with practical applications in mind-a chapter is devoted on how to use z-Tree, an open source software which can be used to effectively run experiments in a lab-this book will interest students and scholars of economic theory and its empirical verification.
600			_aEconomics - Methodology _aEconomics - Experiments - Methodology
942			_2ddc _cBK