Experiments in Economics
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Experiments in Economics: (Uncertainty & expectations in economics)

Experiments in Economics: (Uncertainty & expectations in economics)


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About the Book

It is now widely accepted that in economics, the experimental method can be used to generate economic data under controlled conditions for use in theory testing, theory suggesting and policy recommendation. Experiments in Economics will be the first textbook in the subject and provides an elegant overview of the achievements and possibilities of the field for advanced undergraduate and graduate students and professional economists. Following an introductory discussion of the methodological issues, John Hey provides insightful accounts of particular experimental investigations covering individual and interactive behaviour and testing game and bargaining theory, decision-making under uncertainty, auctions and markets. The book will unquestionably be used and will do much to confirm experimental economics as a key tool for the economist.

Table of Contents:
Part 1 Methodological issues: experimental and non-experimental methods in economics; practical details of laboratory experimentation in economics under risk; the theories to be investigated; an example of a simple experiment; a broad survey of other experimental studies. Part 2 Experiments on individual economic behaviour under risk: an example of a simple set of search experiments; a consumption experiment; a broad survey of other experimental studies. Part 3 Experiments on interactive economic behaviour: the economic theories of games and bargaining; experiments on games and bargaining; the economic theories of auctions and markets; experiments on auctions and markets. Part 4 Concluding remarks: others experimental work; conclusions and suggestions for future research.


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Product Details
  • ISBN-13: 9780631179894
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: Blackwell Publishers
  • Height: 246 mm
  • Series Title: Uncertainty & expectations in economics
  • Width: 171 mm
  • ISBN-10: 0631179895
  • Publisher Date: 03 Oct 1991
  • Binding: Hardback
  • Language: English
  • Weight: 637 gr


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Experiments in Economics: (Uncertainty & expectations in economics)
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Experiments in Economics: (Uncertainty & expectations in economics)
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