• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
Master 2021/2022

Experimental Economics

Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type: Compulsory course (Economics and Economic Policy)
Area of studies: Economics
When: 1 year, 3 module
Mode of studies: offline
Open to: students of one campus
Instructors: Pyotr Evdokimov
Master’s programme: Economics and Economic policy
Language: English
ECTS credits: 3
Contact hours: 40

Course Syllabus

Abstract

Experiments are used by economists to study a variety of topics, from testing theories of learning to studying economic preferences and the functioning of markets. This course will explore the role of experiments in testing theories of strategic and social behavior (i.e., game theory). We will cover such topics as Nash Equilibrium, rationality, higher-order thinking, altruism, cooperation, repeated interactions, and the role of communication in promoting coordination and efficiency. For each topic we study, we will review the necessary theoretical background and then see well game-theoretic predictions fare in laboratory. We will also read recent search papers and learn how to set up our own experiments and analyze the data.
Learning Objectives

Learning Objectives

  • The course is designed to: 1. Give you an overview of what we can learn from game theory experiments; 2. Teach you how to read and discuss research papers; 3. Challenge you to come up with your own ideas.
Course Contents

Course Contents

  • Rationality and higher-order thinking
  • Equilibrium and coordination
  • Dynamic games
  • Prosocial behavior
Assessment Elements

Assessment Elements

  • non-blocking Midterm
  • non-blocking Participation in class experiments
  • non-blocking Presentation
  • non-blocking Final project
Interim Assessment

Interim Assessment

  • 2021/2022 3rd module
    0.2 * Presentation + 0.3 * Midterm + 0.3 * Final project + 0.2 * Participation in class experiments
Bibliography

Bibliography

Recommended Core Bibliography

  • Behavioral game theory: experiments in strategic interaction, Camerer, C.F., 2003
  • Markets, games, and strategic behavior : an introduction to experimental economics, Holt, C. A., 2019

Presentation

  • Syllabus