Behavioural and Experimental Economics

by Durlauf, Steven N.; Blume, Lawrence E.

• ISBN13: 9780230238671
• ISBN10: 023023867X
• Format: Hardcover
• Copyright: 2009-12-15
• Publisher: Palgrave Macmillan

Summary

Following the recent publication of the award winning and much acclaimedThe New Palgrave Dictionary of Economics, second edition which brings together Nobel Prize winners and the brightest young scholars to survey the discipline, we are pleased to announceThe New Palgrave Economics Collection. Due to demand from the economics community these books address key subject areas within the field. Each title is comprised of specially selected articles from the Dictionary and covers a fundamental theme within the discipline. All of the articles have been specifically chosen by the editors of the Dictionary, Steven N.Durlauf and Lawrence E.Blume and are written by leading practitioners in the field. The Collections provide the reader with easy to access information on complex and important subject areas, and allow individual scholars and students to have their own personal reference copy.

Author Biography

STEVEN N. DURLAUF is the Kenneth J. Arrow Professor of Economics at the University of Wisconsin at Madison, USA. He has served as Co-Director of the Economics Program of the Santa Fe Institute and is currently a Research Associate of the National Bureau of Economic Research. A Fellow of the Econometric Society, Durlauf's research covers a range of topics in macroeconomics, econometrics, and income inequality. He received a BA in Economics from Harvard in 1980 and his PhD in Economics from Yale in 1986.

LAWRENCE E BLUME is Goldwin Smith Professor of Economics at Cornell University, USA. He is a member of the external faculty at the Santa Fe Institute, where he has served as Co-Director of the Economics Program and on the Institute's steering committee. He teaches and conducts research in general equilibrium theory and game theory, and also has research projects on natural resource management and network design. A Fellow of the Econometric Society, he received an AB in Economics from Washington University and a PhD in Economics from Berkeley.

Table of Contents

List of Contributors	p. vii
General Preface	p. ix
Introduction	p. x
Addiction	p. 1
Altruism in experiments	p. 6
Auctions (experiments)	p. 14
Behavioural economics and game theory	p. 23
Behavioural finance	p. 32
Behavioural game theory	p. 42
Behavioural public economics	p. 51
Collective choice experiments	p. 59
Coordination problems and communication	p. 64
Cross-cultural experiments	p. 68
Entitlements in laboratory experiments	p. 73
Experimental economics	p. 75
Experimental economics, history of	p. 99
Experimental labour economics	p. 107
Experimental macroeconomics	p. 113
Experimental methods in economics	p. 120
Experimental methods in environmental economics	p. 137
Experiments and econometrics	p. 146
Field experiments	p. 151
Individual learning in games	p. 157
Information cascade experiments	p. 166
Intertemporal choice	p. 168
Laboratory financial markets	p. 178
Market power and collusion in laboratory markets	p. 186
Mechanism design experiments	p. 191
Preference reversals	p. 206
Prospect theory	p. 212
Public goods experiments	p. 221
Quantal response equilibria	p. 234
Reciprocity and collective action	p. 243
Social preferences	p. 247
Trust in experiments	p. 253
Value elicitation	p. 258
Index	p. 262
Table of Contents provided by Ingram. All Rights Reserved.

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