Experimental Economics

What is Experimental Economics

In the field of economics, experimental economics refers to the analysis of economic topics through the use of experimental methodologies. During experiments, data are collected with the purpose of estimating the size of the effect, determining whether or not economic theories are valid, and shedding light on market mechanisms. In economic experiments, the volunteers are typically motivated with cash in order to simulate the incentives that are seen in the real world. In order to gain a better understanding of how and why markets and other exchange systems operate in the manner that they do, experiments are utilized. In addition, the field of experimental economics has grown to include the study of institutions and the law.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Experimental economics

Chapter 2: Game theory

Chapter 3: Vernon L. Smith

Chapter 4: Behavioral economics

Chapter 5: Competition

Chapter 6: Contract theory

Chapter 7: Centipede game

Chapter 8: Information economics

Chapter 9: Computational economics

Chapter 10: Personnel economics

Chapter 11: Charles Plott

Chapter 12: Experimental finance

Chapter 13: Quantal response equilibrium

Chapter 14: R. Mark Isaac

Chapter 15: Agent-based computational economics

Chapter 16: Algorithmic game theory

Chapter 17: Alvin E. Roth

Chapter 18: Mathematical economics

Chapter 19: Social preferences

Chapter 20: Behavioral game theory

Chapter 21: Gift-exchange game

(II) Answering the public top questions about experimental economics.

(III) Real world examples for the usage of experimental economics in many fields.

Who will benefit

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of experimental economics.