Universität Wien FIND

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040762 DK PhD-M: Experimental Economics and Finance (2008W)

10.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 15 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Freitag 17.10. 12:00 - 16:00 EDV-Labor 6
Mittwoch 12.11. 09:00 - 16:00 EDV-Labor 6
Dienstag 18.11. 12:30 - 17:30 EDV-Labor 6

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

Contrary to other Social Sciences have long abstained from using experiments to generate new knowledge and test theories. While Biology, Astronomy and Physics have been revolutionized by experiments between the 15th and 19th century, social sciences needed until the second half of the 20th century to take this step. Today experiments play a vital role in social sciences and provide new insights to improve existing theories or develop new ones.
In this Ph.D. course we will review some of the seminal papers, conduct experiments, and participants will themselves develop a design for an experiment. Being in a Computer Lab enables us to conduct small experiment during class. This hands-on experience will ensure a steep learning-curve and should enable interested participants to develop their own experiment-based research concept.
Times and Topics:
12.3. Introduction: What are Experiments in Social Sciences? LAB: A Beauty-Contest Game
09.4. What is a good experimental design? Preferences and Cooperation. LAB: Dictator and Ultimatum Game
16.4. Individual decision making - no "homo oeconomicus" out there! LAB: Individual Decision Making
23.4. Bargaining and Auctions, Self-control and neuro-economics
07.5. Experimental Finance I: Stylized facts in experimental markets. LAB: Double auction market experiment
14.5. Experimental Finance II: The usefulness of information in markets. LAB: Markets with endogenous choice of information.
21.5. Experimental Finance III: Transaction costs and noise. LAB: Trading on two markets
18.6. Presentation and discussion of own designs by students
25.6. Presentation and discussion of own designs by students
Grading:
There will be no exam, but points will be awarded for the final presentation and for active participation in discussions. In addition points can be earned in the experiments we run.
The Presentation should describe a research proposal. This has to contain the main idea, a description of the research question(s), a theoretical solution, and related literature. The experimental design and hypotheses should be laid out and expected results should be described. An actual implementation in class (e.g. "paper-and-pencil"-experiment) is a plus.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Mindestanforderungen und Beurteilungsmaßstab

Prüfungsstoff

Literatur

Davis/Holt (1993) Experimental Economics, Princeton University Press
Kagel/Roth (1995) Handbook of Experimental Economics, Princeton University Press
Camerer/Loewenstein/Rabin (2004) Advances in Behavioral Economics, Princeton Uni. Press
Dixit/Nalebuff (1993) Thinking Strategically: Competitive Edge in Business, Politics and Everyday Life, W.W.Norton

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:29