Experimental Economics

✍ Scribed by John D. Hey (auth.), Professor John D. Hey (eds.)

• Publisher: Physica-Verlag Heidelberg
• Year: 1994
• Tongue: English
• Leaves: 139
• Series: Studies in Empirical Economics
• Edition: 1
• Category: Library

✦ Synopsis

It is to demonstrate the enormous potential of the experimental method in economics by providing examples of how experimental economics can shed important new light on key issues of vital economic significance. The subject matter covers several areas of economics and demonstrates why and how experimental methodology can provide new insight. It should prove invaluable to all economists, but perhaps particularly those who are as yet unexposed to this particular methodology.
The most active experimental economists contributed to this volume: Besides the editor of this volume there are to mention P. Bohm, P. Burrows and G. Loomes, G.W. Harrison, S.S. Lim, E.C. Prescott and S. Sunder, A.E. Roth, P. Sbriglia.

✦ Table of Contents

Front Matter....Pages i-vii
Introduction and Overview....Pages 1-4
Behaviour under Uncertainty without Preference Reversal: A Field Experiment....Pages 5-20
The Impact of Fairness on Bargaining Behaviour....Pages 21-41
Expected Utility Theory and the Experimentalists....Pages 43-73
Stationary Solution to the Overlapping Generations Model of Fiat Money: Experimental Evidence....Pages 75-97
Lets Keep the Con out of Experimental Econ.: A Methodological Note....Pages 99-109
Experiments in Multi-Stage R&D Competition....Pages 111-136

✦ Subjects

Economic Theory; Operation Research/Decision Theory