364-1062-00L  Experimental Methods

SemesterAutumn Semester 2018
LecturersC. Waibel
Periodicityyearly recurring course
Language of instructionEnglish


AbstractThis course introduces PhD students into the principles of experimental methods and outlines how to prepare, conduct and evaluate an experiment.
ObjectiveThis course aims to prepare PhD students for conducting their own experiment.
Content1. Introduction: What are economic experiments and why to use them?
2. Principles of economic experiments: Validity, control and limits.
3. Choice of experimental design: Subjects, repetition, matching, payment.
4. Conducting experiments: Instructions, testing, recruiting, sessions.
5. Measuring techniques: Eliciting beliefs, risk attitudes, social preferences.
6. Evaluating experimental data: A short overview.
LiteratureBooks:
- Bardsley et. al (2009): Experimental Economics: Rethinking the Rules, New Jersey, Princeton University Press.
- Friedman & Sunder (1994): Experimental Methods: A Primer for Economists, Melbourne, Cambridge University Press.
- Kagel/Roth (1995): Handbook of Experimental Economics, New Jersey, Princeton University Press.

Basic Articles:
- Roth (1988): Laboratory Experimentation in Economics: A Methodological Overview, Economic Journal, pp. 974-1031.
- Smith (1994): Economics in the Laboratory, Journal of Economic Perspectives, 8, pp. 113-131.

A readling list with articles for each lecture has been published in Moodle.
Prerequisites / NoticeThis course is complemented by a course on programming experiments with z-tree. It is not mandatory but recommended to take both courses.