Experimental Economics Method and Applications 1st Edition by Nicolas Jacquemet, Olivier L Haridon ISBN 978-1107629776 1107629772

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Product details: 

ISBN 10:  1107629772

ISBN 13: 978-1107629776

Author:  Nicolas Jacquemet, Olivier L’Haridon

moved from a fringe activity to become a standard tool for empirical research. With experimental economics now regarded as part of the basic tool-kit for applied economics, this book demonstrates how controlled experiments can be a useful in providing evidence relevant to economic research. Professors Jacquemet and L’Haridon take the standard model in applied econometrics as a basis to the methodology of controlled experiments. Methodological discussions are illustrated with standard experimental results. This book provides future experimental practitioners with the means to construct experiments that fit their research question, and new comers with an understanding of the strengths and weaknesses of controlled experiments. Graduate students and academic researchers working in the field of experimental economics will be able to learn how to undertake, understand and criticise empirical research based on lab experiments, and refer to specific experiments, results or designs completed with case study applications.

Table of contents: 

Part I What Is It? An Introduction to Experimental Economics

1 The Emergence of Experiments in Economics

1.1 The End of a Long-Standing Regretful Impossibility

1.2 Why Such a Change: Two Early Examples

1.3 The Research Programme: Three Examples

1.4 Experimental Economics Today: What Every Newcomer Must Know

2 A Laboratory Experiment: Overview

2.1 The Experiment

2.2 The Experimenter’s Role: The Game under Study

2.3 Experimental Second-Price Auction with Private Values

2.4 Case Study: Experimentally Designed Devices to Reduce Hypothetical Bias

Part II Why? The Need for Experiments in Economics

3 The Need for Controlled Experiments in Empirical Economics

3.1 The Econometric Approach to Data Analysis

3.2 Estimating Causal Effects of Treatments

3.3 Identification Based on Observational Data

3.4 Inference Based on Controlled Experiments

3.5 From the Laboratory to the Field: An Overview of Controlled Experiments in Economics

4 The Need for Experimental Methods in Economic Science

4.1 What Laboratory Experiments Aim For

4.2 Experiments, Theory and Reality: How Experiments Achieve Their Goals

4.3 Case Study. Deepening Understanding through Additional Controls and Measures: The Dictator Game

4.4 How Experiments Interact with Theory: Testing Models

4.5 How Experiments Interact with Reality: Searching for Facts

Part III How? Laboratory Experiments in Practice

5 Designing an Experiment: Internal-Validity Issues

5.1 What Is an Experiment? How Is It Linked to Internal Validity?

5.2 The Incentive Structure of Experiments

5.3 Parameters and Experimental Treatments

5.4 The Perceived Experiment

5.5 Perceived Opponents and Learning

5.6 Case Study: Eliciting Beliefs

6 Conducting an Experiment

6.1 A Long, Long Time Beforehand: Setting Up an Experimental Laboratory

6.2 Two Months Before: The Basics

6.3 One Month Before: The Final Settings

6.4 One Week Before: Almost There

6.5 D-Day: Step-by-Step Proceedings

6.6 Case Study: Measuring Preferences in Choice over Time

̃7 The Econometrics of Experimental Data

7.1 Experimental Data

7.2 Estimation and Inference

7.3 Testing Procedures

7.4 Case Study: Eliciting Preferences under Risk

Part IV What For? What Laboratory Experiments Tell Us

8 The External Validity of Experimental Results

8.1 When and How Does External Validity Matter?

8.2 Is External Validity Testable?

8.3 Testing External Validity

8.4 Case Study: Replication: Enhanced Credibility Thanks to Accumulated Evidence

More Accurate Theory and Better Public Policies: the Contributions of Experimental Economics

9.1 Testing Theory: Drawing General Lessons from (Causal) Experimental Evidence

9.2 Case study: Rational Behaviour, Irrational Thinking: K-level Models

9.3 Test-Bedding Public Policies in the Laboratory: The Example of Matching Markets

9.4 Whispering in the Ear of Princes: Behavioural Public Policy

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Tags: Nicolas Jacquemet, Olivier L Haridon, Experimental Economics, Method and Applications