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Experimental economics /
An examination of an area of economic research whereby economists have begun to use laboratories to evaluate economic propositions under carefully controlled conditions. The authors argue for the effectiveness of this technique in selected circumstances.
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, New Jersey :
Princeton University Press,
[1993]
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Davis, Douglas D., |d 1957- |e author. | |
| 245 | 1 | 0 | |a Experimental economics / |c Douglas D. Davis, Charles A. Holt. |
| 264 | 1 | |a Princeton, New Jersey : |b Princeton University Press, |c [1993] | |
| 300 | |a 1 online resource (viii, 572 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a 1. Introduction and overview. A brief history of experimental economics -- A sample design for a market experiment -- Experimental methods: advantages and limitations -- Types of experiments -- Some procedural and design considerations -- Laboratory trading institutions. Appendices: Oral-double auction instructions; Suggestions for conducting and oral-double auction. 2. Decisions and games. Lotteries and expected values -- A sequential search experiment -- Expected-utility maximization and risk aversion -- Game theory, natural form games -- Extensive forms and backward-induction rationality -- Decision theory, game theory, and price theory -- Appendices: Derivation of the reservation wage; Instructions for a sequential search experiment; Constructing a von Neumann-Morgenstern utility function; Sequential equilibria; Instructions for the centepede game. | |
| 505 | 0 | |a 3. Double-auction markets. Double-auction procedures and performance -- Computers and the double auction -- Double-auction results: design effects; structural boundaries -- Multiple, interrelated double-auction markets -- Double-auction asses markets. 4. Posted-offer markets. Posted-offer procedures and performance -- Posted offer results: design effects -- Factors that generate supracompetitive prices -- Market power -- Regulation and restraint of monopoly power -- Appendices: Instructions for a posted-offer auction; Posted-offer instruction for computer implementation; Calculation of a mixed-strategy equilibrium. 5. Bargaining and auctions. Unstructured bargaining without side payments -- Bargaining over an externality: the Coase theorem -- Structured bargaining: Ultimatum game experiments; Alternating order experiments -- Auctions with fixed supply -- First-price auctions with private values | |
| 505 | 0 | |a Common-value auctions and the winner's curse -- Design of new auction institutions -- Appendices: Equilibrium bidding strategies; Instructions for a bargaining game with asymmetrics; Derivation of the optimal bid in an ultimatum game with value and information asymmetries. 6. Public goods, externalities, and voting. The voluntary-contribution mechanism -- Results -- Factors that may alleviate free-riding -- Incentive-compatible mechanisms -- Externalities -- Voting -- Appendices: A public-goods problem with private information; Instructions, the voluntary contributions mechanism; Incentive-compatibility in the Groves-Ledyard mechanism. 7. Asymmetric information. Quality uncertainty and "lemons" market outcomes -- Reputation effects -- Signaling -- Informational asymmetries in asset markets -- State uncertainty and insider information -- The Iowa presidential stock market -- Appendix: A market experiment with information asymmetrics. | |
| 505 | 0 | |a 8. Individual decisions in risky situations. Probability-triangle representations -- Lottery-choice experiments -- Financial incentives and controls for wealth effects -- Preference elicitation: problems and applications -- Preference reversals -- Inducing risk preferences -- Information processing: Baye's rules and biases -- Appendices: Instructions for lottery experiments; Scoring-rule probability; Utility elicitation. 9. Economic behavior and experimental methods: summary and extensions. Major results of experiments to date -- The relationship among theoretical, experimental, and natural eeconomic environments -- Experimental design -- Statistical analysis of data from economics experiments -- Statistical tests: Single treatment designs; Designs involving two or more treatments -- Conclusion: toward a more experimental science. | |
| 520 | |a An examination of an area of economic research whereby economists have begun to use laboratories to evaluate economic propositions under carefully controlled conditions. The authors argue for the effectiveness of this technique in selected circumstances. | ||
| 588 | 0 | |a Print version record. | |
| 590 | |a JSTOR |b Books at JSTOR Evidence Based Acquisitions | ||
| 590 | |a JSTOR |b Books at JSTOR Demand Driven Acquisitions (DDA) | ||
| 590 | |a JSTOR |b Books at JSTOR All Purchased | ||
| 650 | 0 | |a Experimental economics. | |
| 650 | 6 | |a Économie expérimentale. | |
| 650 | 7 | |a Experimental economics |2 fast | |
| 650 | 7 | |a Experimentelle Wirtschaftsforschung |2 gnd | |
| 650 | 7 | |a Methodologie |2 gnd | |
| 650 | 7 | |a Wirtschaftswissenschaften |2 gnd | |
| 650 | 7 | |a Volkswirtschaftslehre |x Methode. |2 idsbb | |
| 650 | 7 | |a Wirtschaftswissenschaften. |2 idszbz | |
| 650 | 7 | |a Wirtschaftsforschung. |2 idszbz | |
| 650 | 7 | |a Methodologie. |2 idszbz | |
| 650 | 7 | |a Methode. |2 idszbz | |
| 650 | 7 | |a Experiment. |2 idszbz | |
| 655 | 7 | |a Lehrbuch. |2 gnd | |
| 700 | 1 | |a Holt, Charles A., |d 1948- |e author. | |
| 776 | 0 | 8 | |i Print version: |a Davis, Douglas D., 1957- |t Experimental economics. |d Princeton, N.J. : Princeton University Press, ©1993 |z 0691043175 |w (DLC) 92027662 |w (OCoLC)26307700 |
| 856 | 4 | 0 | |u https://jstor.uam.elogim.com/stable/10.2307/j.ctv1nxcvxx |z Texto completo |
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