Experimental Economics (eBook)

Rethinking the Rules

Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffatt, Chris Starmer, Robert Sugden (Autoren)

eBook Download: EPUB

2009
384 Seiten
Princeton University Press (Verlag)
978-1-4008-3143-2 (ISBN)

Infos

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research. The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science. They explain that progress is being held back by an uncritical acceptance of folk wisdom regarding how experiments should be conducted, a failure to acknowledge that different objectives call for different approaches to experimental design, and a misplaced assumption that principles of good practice in theoretical modeling can be transferred directly to experimental design. Experimental Economics debates how such limitations might be overcome, and will interest practicing experimental economists, nonexperimental economists wanting to interpret experimental research, and philosophers of science concerned with the status of knowledge claims in economics.

Autor

Nicholas Bardsley is senior research fellow at the National Centre for Research Methods, University of Southampton. Robin Cubitt is professor of economics and decision research at the University of Nottingham. Graham Loomes is professor of economic behavior and decision theory at the University of East Anglia. Peter Moffatt is reader in econometrics at the University of East Anglia. Chris Starmer is professor of experimental economics at the University of Nottingham. Robert Sugden is professor of economics at the University of East Anglia.

Produkt-Details

• Erscheint lt. Verlag: 12.10.2009
• Zusatzinfo: 40 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Naturwissenschaften
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: algorithmic trading • Allais paradox • Alternative hypothesis • Ambiguity Aversion • Applied Economics • Auction • barriers to entry • Bayesian • Bayesian probability • Behavior • Behavioral Economics • betweenness • Blind experiment • Bounded Rationality • Calculation • Causality • Cherry Picking • Commitment device • Comparative Advantage • Consideration • Coordination game • Cournot Competition • Criticism • Cross-validation (statistics) • Decision-Making • Decision problem • Decision Theory • Deliberation • Dictator Game • Discrete Choice • Double Auction • Economic equilibrium • Economics • Economic Theory (journal) • economist • Ellsberg paradox • Error Term • Expected utility hypothesis • Experiment • Experimental economics • Experimenter's regress • Explanation • explanatory power • Externality • external validity • Extrapolation • Folk theorem (game theory) • Heuristic • Holism • hypothesis • ideal type • Illustration • Incentive • Incentive Compatibility • Independence of irrelevant alternatives • inductive reasoning • inference • Instrumentalism • internal validity • Loss Aversion • Mainstream economics • Matthew Rabin • Mechanism Design • Meta-analysis • Methodology • Money pump • Monopolistic Competition • Motivation • Mutual exclusivity • Nash Equilibrium • Neuroeconomics • Observation • phenomenon • philosophy of science • Precommitment • Prediction • Preference (economics) • Principle • Prisoner's dilemma • Probability • Profession • Prospect Theory • Pseudoscience • pundit • Quantity • Random element • Rational Choice Theory • Rationality • Real business-cycle theory • reason • Reasonable Person • Regret Theory • Research Program • result • Richard Lipsey • Risk Aversion • Scarcity (social psychology) • Science • Scientific control • Search Theory • Self-Interest • Spite • Spontaneous Order • statistical power • St. Petersburg paradox • stylized fact • Suggestion • Superiority (short story) • Tax • Test Theory • theory • Thomas Kuhn • Ultimatum Game • Utility • Winner's Curse
• ISBN-10: 1-4008-3143-1 / 1400831431
• ISBN-13: 978-1-4008-3143-2 / 9781400831432