Experimental Economics

Gary Charness
(charness@econ.ucsb.edu)

Fall 2009

 

Course Number: Econ 276

Time: Tuesdays and Thursdays from 2:00 to 3:15

Location: 2816 Ellison Hall

Office Hours: Tuesday 12:30 - 1:30 or by appointment

Course webpage: http:/www.econ.ucsb.edu/~charness/econ276_fall_2009/index.html

 

Introduction:

       
       
This is a course in experimental economics. The purpose of the course is to introduce students to the idea that economics can be a laboratory science and to familiarize you with the techniques used to design and execute successful experiments.  This course may be used as part of a field in behavioral economics.  I intend this course to show people how they might use the experimental approach with their research, in a hands-on manner. 

There will be assigned readings for most or all classes; I will generally e-mail these to you.  We will discuss the readings and the designs and ideas in these papers. Some of the experimental areas we will cover include (behavioral) game theory, labor experiments, cooperation and social preferences, risk and decision-making, the winner's curse, and individual decision-making. 


We will do some simple experiments in class and will most likely have some experiments scheduled in conjunction with my undergraduate class in game theory.  You will have an opportunity to participate in regular paid expeirments if you wish and/or to observe/help with experiments as they are conducted during the spring quarter.


You should get an appreciation of experiments as a way to enrich your research.  You will  be exposed to the basic material and you will study more intensively papers in your area of research interest.  I am a full-time experimentalist, with almost all of my research done using experimental methods.  The emphasis will be individually-tailored, depending on the interests of the students.  I will meet with you individually to discuss how one might go about designing experiments that address the key questions in your area of interest, and you will design an experiment in your area; I think a particularly useful discipline is to design an experiment to test a theory or model.  You will also be responsible for writing a survey paper, which discusses perhaps five papers in a field of your choice and which also distills the essential issues in this area and suggests an experimental research strategy to get at these issues.