02: Experimental economics

Reading list

Seminar 1: What is experimental economics and what does it try to achieve?
” Smith, Vernon: What is experimental Economics?
http://www.ices-gmu.org/article.php?id=368&print=1
” Smith, Vernon (1994): Economics in the Laboratory, Journal of Economic Perspectives 8(1), 113-131.

Seminar 2: What is the role of social norms in labour markets?
” Falk, Armin & Ernst Fehr (2003): Why Labor Market Experiments? Labor Economics 10, 399-http://www.iew.unizh.ch/home/fehr/papers/WhyLabourMarketExperiments.pdf
” Fehr, Ernst, & Simon Gächter (2000). Fairness and Retaliation: The Economics of Reciprocity. Journal of Economic Perspectives 14(3), 159-181. http://www.iew.unizh.ch/wp/iewwp040.pdf

Seminar 3: Who is homo economicus?
” Camerer, Colin and Richard Thaler. (1995). Anomalies: Ultimatums, Dictators and Manners. (1995) Journal of Economic Perspectives 9(2): 209-219.
” Henrich, Joseph, Robert Boyd, Samuel Bowles, Colin Camerer, Ernst Fehr, & Richard McElreath (2001). In search of homo economicus: behavioral experiments in 15 small-scale societies. American Economic Review 91(2), 73-78. http://www.iew.unizh.ch/home/fehr/papers/insearch.pdf
” Glaeser, Edward, et al. (2000). Measuring Trust. Quarterly Journal of Economics 115(3): 811-46.
” Sigmund, Karl, Martin Nowak & Ernst Fehr (2002): The Economics of Fair Play. Scientific American, January, 82-87. http://www.iew.unizh.ch/home/fehr/papers/fairplay.pdf
German version: http://www.iew.unizh.ch/home/fehr/papers/TEILENUNDHELFEN_Spektrum_der_Wissenschaft.pdf

Seminar 4: What can we learn from experiments about human nature?

” Dawes, Robyn and Richard Thaler. (1988) Anomalies: Cooperation. Journal of Economic Perspectives 2(3): 187-197.
” Fehr Ernst, & Simon Gächter (2002): Altruistic Punishment in Humans. Nature 415, 137-140. http://www.unipublic.unizh.ch/magazin/wirtschaft/2002/0413/Altruistic_Punishment.pdf
” Fehr, Ernst & Urs Fischbacher (2003). The Nature of Human Altruism. Nature 425, 785-791. Available at: http://www.iew.unizh.ch/home/fehr/papers/NatureOfHumanAltruism.pdf
” Fehr, Ernst, Urs Fischbacher & Michael Kosfeld (2005): Neuroeconomic Foundations of Trust and Social Preferences, forthcoming in American Economic Review. ftp://ftp.iza.org/dps/dp1641.pdf

Seminar 5: Gender, discrimination and stereotyping

” C. Eckel and P. Grossman,  Men, Women and Risk Aversion: Experimental Evidence. Forthcoming in Handbook of Experimental Results, edited by C. Plott and V. Smith. New York, Elsevier.
” C. Eckel and P. Grossman,  Differences in the Economic Decisions of Men and Women: Experimental Evidence. Forthcoming in Handbook of Experimental Results, edited by C. Plott and V. Smith. New York, Elsevier.
” C. Eckel and R. Wilson, “Detecting Trustworthiness: Does Beauty Confound Intuition?”. Working paper, August, 2005.

Seminar 6: Risk Aversion: Measurement and calibration

” Eckel and P. Grossman,  Forecasting Risk . Working paper, 2005.
” Rabin, M. and Richard Thaler. 2001. Anomalies: Risk Aversion. Journal of Economic Perspectives 15(1): 219-232.
” Kahneman, Daniel, Richard Knetch and Richard Thaler. 1991. Anomalies: The Endowment Effect, Loss Aversion and Status Quo Bias. Journal of Economic Perspectives 5(1): 193-206.