Tinbergen Institute Summer School 2016: Crash Course in Experimental Economics

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Date: 
04-07-16 to 08-07-16
City: 
Amsterdam / Rotterdam
Country: 
Netherlands
Event format: 
School
This one-week crash course is an introduction to the field of experimental economics. The course provides students with skills needed to design and run an experiment. There will be an additional one-day module on Statistical Data Analysis at the end of the course.

This introductory course provides an in-depth analysis of some recent developments, including the rapid growth of behavioural economics and the increased use of field experiments. Because experimental economics is a methodology often used to test economic theory, the course also covers theoretical issues (more specifically, game theory), when appropriate.

TOPICS INCLUDE:

  • experimental methodology
  •  behavioural economics (public goods, bargaining, other-regarding preferences)
  • industrial organisation (auctions, double auction, market power, mechanism design)
  •  individual decision-making (expected utility, probability weighting)
  •  analysis of experimental data

For the experiments, students will be split into groups of 5 or 6. Each group will develop an experiment on their preferred topic and run the experiment using the other students as participants. The groups will then analyze the data and present the results. A class discussion will follow.

TEACHING METHOD

The course consists of:

  • lectures given by the instructor
  • participation in experiment run by the instructors
  • experiments developed and run by groups of students
  • presentations of experimental results

For the experiments, students will be split into groups of 5 or 6. Each group will develop an experiment on their preferred topic and run the experiment using the other students as participants. The groups will then analyze the data and present the results. A class discussion will follow.

SCHEDULE

Monday 4 July 9.30-17.00

  • Methodology: experiments in economics
  • Behavioural economics: public goods, bargaining, other-regarding preferences
  • Participation in an experiment run by the instructors

 Tuesday 5 July 9.30-18.00

  • Industrial organisation: markets and auctions
  • Labour economics: incentives and contracts
  • Groups of students develop their experiments.

Wednesday 6 July 9.30-18.00

  • Individual decision-making: expected and non-expected utility
  • Field experiments
  • Student groups finalise their experiments.

 Thursday 7 July 9.30-17.00

  • Student groups run their experiments.

Friday 8 July 9.30-16.00

  • Analysis of experimental data and evaluation of research projects.
  • Each group presents its research question and the results obtained.
  • Informal reception during which certificates of participation will be handed out.

Saturday 9 July 9.30-17.00

Additional Statistical Data Analysis Module.

PREREQUISITES:

  • Copies of transcripts
  • Students are expected to have passed an intermediate-level course in micro-economics (including basic game theory).

LANGUAGE REQUIREMENTS: 

Course is taught in English.

CLASS SIZE: 

20 - 30 students

AVERAGE % OF INTERNATIONAL STUDENTS: 

around 100%

 

COURSE INSTRUCTORS/PROFESSORS:

  • Arthur Schram (University of Amsterdam)
  • Jeroen van de Ven (University of Amsterdam)
Call deadline: 
01-06-16
Developed by Paolo Gittoi