JEM136 - Experimental Economics
ET - elective
Masters - all
MEF - elective
Semester - summer
|Course supervisors:|| Michal Bauer Ph.D., Renomia Chair
|Teachers:|| Michal Bauer Ph.D., Renomia Chair
Peter Katuščák Ph.D.
|Schedule:||The schedule does not follow the usual spring term calendar at IES!! The lectures will take place from January 8th to April 28th. Lectures – Tue 9:00-12:15 , at CERGE-EI, room n.8 Experimental lab sessions - Thursday 8.30-10.00 (most of them will|
|Literature:||The course will be predominantly be based on book chapters and articles and students are expected to read the assigned articles before each class. In the attached syllabus there is an extended reading list, and we will only cover a selected subset of papers from it (denoted by asterisk). The list serves as source for further reading in the respective areas.|
|Description:||This is a graduate-level topics course in Experimental Economics. The aim is to expose students to multiple potential research topics and related literature. Hands-on participation in in-class experiments will be an integral part of the course. Basic background in microeconomic theory and game theory is assumed. The first part of the course will be based on lab experiments and the second part will study field experiments.|
|Content:||Detailed syllabus is in the attached file. At the beginning of the course you will be given password to access the course website http://home.cerge-ei.cz/Peter/Teaching/ExpEcon/teaching_expecon.HTML that contains lecture slides as well as links to all papers referenced in the syllabus.
PART I: LAB EXPERIMENTS (PETER KATUŠČÁK)
o Introduction and methodology
o Preference elicitation and theories of decision under risk and uncertainty
o Altruism and fairness
o Fairness, trust and contracting
o Public goods
o Financial markets
PART II: FIELD EXPERIMENTS (MICHAL BAUER)
• Self-control, status quo bias and deadlines
• Commitment devices
• Determinants of time discounting
• Reciprocity (gift-exchange)
• Incentives and economic behavior
• Social preferences: universal or responding to circumstances?
• Roots of social preferences: developmental psychology
• Discrimination: preference-based or statistical?
• Alternative approaches to discrimination
• Adverse selection and moral hazard
• Sunk costs fallacy and the role of prices in social programs
|Course requirements:||Students will be graded based on individual term papers to be submitted firstname.lastname@example.org. In this paper, a student should outline a research question to be addressed by experimental economic methods, review the literature, propose a detailed experimental design, outline hypotheses to be tested and discuss how these hypotheses will be tested.|
|Downloadable:||Sylabus 2013 v1