ECON311 - Experiments and Strategic Behavior

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Academic Year 2001/2002

Experiments and Strategic Behavior
ECON 311 SP

What are economic experiments and why do we do them? Experimental economics provides a platform for generating scientific data for specific environments in a controlled manner. Experimental methods provide an important and inexpensive means for weeding out and improving bad theories. By studying the strategic decisions of individuals motivated by real money (subjects are paid based on their performance in experiments) within well-defined and controlled institutional contexts, one can gain deep insights about theories of economic processes that are routinely accepted by the research community and applied in vastly more comples contexts. Topics will include market games, monopoly, bargaining, public goods, adverse selection, commodity and fiat m oney, auctions, social networks, and voting processes. Students will first focus on the material from the perspective of a participant in experiments and afterwards learn about underlying theories and interpretations.

MAJOR READINGS

To be announced.

EXAMINATIONS AND ASSIGNMENTS

A in-class quiz on methodology, homework assignments, participation in in-class experiments, and a term project in which students are required to design and conduct an experiment of their own.

ADDITIONAL REQUIREMENTS and/or COMMENTS

Students who have completed ECON265 may not receive credit for ECON311.

Please note that if you do not match one of the prerequisite listings EXACTLY, then you need a prerequisite override. ECON270 is useful but not required.

Unless preregistered students attend the first class meeting or communicate directly with the instructor prior to the first class, they will be dropped from the class list. NOTE: Students must still submit a completed Drop/Add form to the Registrar's Office.

COURSE FORMAT: Lecture

REGISTRATION INFORMATION

Level: UGRD Credit: 1 Gen Ed Area Dept: SBS ECON Grading Mode: Student Option

Prerequisites: ECON270 OR ECON300

SECTION 01

Instructor(s): Rosenblat,Tanya S.

Times: ....R.. 01:10PM-04:00PM; Location: SCIE74

Reserved Seats: (Total Limit: 25)

SR. major: Jr. major:

SR. non-major: 7 Jr. non-major: 8 SO: 10 FR:

Special Attributes:

Curricular Renewal: Quantitative Reasoning, Writing

Links to Web Resources For This Course.

Last Updated on MAR-19-2002