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The first Handbook in economics dedicated to the discussion of the methods of experimental economics, this timely book analyses the current state-of-the-art in the field. The chapters systematically cover the most relevant issues in experimental design and implementation, while also exploring novel research developments.Offering a comprehensive review of experimental methods in economics, this 21 chapter Handbook covers theoretical and practical issues including: recruitment, software and laboratory organization, incentives, data analysis, and theory and policy development. Expert scholars offer unique insight into laboratory procedures, replication studies, field experiments and neuroeconomics, while also providing a novel set-valued equilibrium concept. The combination of basic methods and current developments will aid both novice and advanced experimental economists.This is a must-read for economic researchers and scholars using experimental methodology, providing vital reference and clarifying issues that will arise when designing and running experiments. Graduate students of experimental and behavioral economics will also find this a useful guide in learning about the advanced tools this exciting field has to offer.
Edited by Arthur Schram, Amsterdam School of Economics, the Netherlands and European University Institute, Italy and Aljaž Ule, Amsterdam School of Economics, the Netherlands and University of Primorska, Slovenia
Contents:IntroductionArthur Schram and Aljaž UlePart I Methods of Experimental Economics1. IncentivesJames C. Cox and Vjollca Sadiraj2. DeceptionAndreas Ortmann3. Preference Measurement and Manipulation in Experimental EconomicsHande Erkut and Ernesto Reuben4. Data AnalysisPeter G. Moffatt5. Replication and other Practices for Improving Scientific Quality in Experimental Economics Colin F. Camerer, Anna Dreber, and Magnus JohannessonPart II Field Experiments6. Advantages and Disadvantages of Field ExperimentsAnya Samek7. Randomization in Field ExperimentsNoemi Peter and Adriaan R. SoeteventPart III Neuroeconomics8. Brain Measurement and Manipulation MethodsJan B. Engelmann, Manon Mulckhuyse, and Chih-Chung Ting9. An Introduction to Physiological Economics Oliver J. Hulme, Edward J.D. Webb, and Alexander C. Sebald10. Neuroeconomics: Data AnalysisMael Lebreton and Kerstin Preuschoff11. Homo Oeconomicus with a Personality—Trait-based Differences in Decision MakingCarsten K.W. De Dreu and Jörg GrossPart IV Developing Economic Theory and Policy12. Taking Process into Account when Modelling Risky ChoiceGraham Loomes13. Rank-Dependent Choice Equilibrium: A Non-Parametric Generalization of QREJacob K. Goeree, Charles A. Holt, Philippos Louis, Thomas R. Palfrey, and Brian Rogers14. Experiments on Macroeconomics: Methods and ApplicationsCamille Cornand and Frank Heinemann15. The Role of Experiments for Policy DesignPeter Werner and Arno RiedlPart V Experimental Procedures16. Subject Pools and RecruitmentBen Greiner and Marianne Stephanides17. Software and Laboratory OrganizationJoep Sonnemans and Ailko van der Veen18. Cross-Cultural Behavioral Experiments: Potential and ChallengesChristian Thöni19. Real-Effort TasksJeffrey Carpenter and Emiliano Huet-Vaughn20. Experimenter Demand EffectsJonathan de Quidt, Lise Vesterlund, and Alistair J. Wilson21. Communication in Laboratory ExperimentsJordi Brandts, David J. Cooper, and Christina RottIndex
'This is a wonderful book. It is rare that a book collects chapters that both discuss experimental methods as well as research on the frontiers of knowledge. This is a must-read for both the novice and the veteran experimentalist as well as those outside the field'--Andrew Schotter, New York University, US