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040216 SE Designing and Implementing an Economic Experiment (2012S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 18 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Tuesday 06.03. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 06.03. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 13.03. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 13.03. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 20.03. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 20.03. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 27.03. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 27.03. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 17.04. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 17.04. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 24.04. 09:30 - 11:00 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 24.04. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 08.05. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 08.05. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 15.05. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 15.05. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 22.05. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 22.05. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 05.06. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 05.06. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 12.06. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 12.06. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 19.06. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 19.06. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1
Tuesday 26.06. 11:15 - 12:45 Seminarraum 10 Hauptgebäude, Tiefparterre Stiege 5 Hof 3
Tuesday 26.06. 14:00 - 16:00 VCEE-Labor Universitätscampus Hof 1

Information

Aims, contents and method of the course

Experimental economics has recently become a popular research method for understanding all aspects of individual and group economic behavior. Economists use laboratory, field and internet experiments to test the validity of economic theories and efficiency of market mechanisms. Knowing how to properly design and implement an economic experiment has become increasingly important.
The idea of the seminar is to develop the research skills required in the field of Experimental Economics. Students will become familiar with the following aspects of experimental research: (1) how to develop a good research question, (2) how to design and implement an experiment to address the posed research question, (3) how to analyze experimental data and making conclusions justified by statistical evidence. By the end of the course students will have completed and experimental research project.
To be enrolled in the course, students need to have taken a class providing a solid introduction into the field, for example "Behavioral and Experimental Economics" (UK 040832). Students with comparable backgrounds can also be admitted but need to provide evidence that their knowledge is comparable. PhD students with an appropriate background are also welcome to attend the class.
Successful completion of the course earns students 8 ECTS credits.

Assessment and permitted materials

(1) Presentation in class of a recent paper which is relevant to the student's chosen topic. (3rd and 4th Week -10%)
a. Research question.
b. Experimental design and implementation.
c. Results.
d. Critical evaluation of paper.

(2) Presentation of proposed experimental design (6thand 7thWeeks -20%)
a. Research question.
b. Literature review.
c. Proposed experimental design
d. How data will be used to answer research question.

(3) Presentation of final work (11thand 12thWeeks -20%)
(4) Written submission of project: (26 June -50%)

Minimum requirements and assessment criteria

Examination topics

This research-based course will be taught in a highly interactive way. During the course, students will learn how typical research in experimental economics is conducted, starting with posing and developing a research question, continuing with a proper experimental design, programming and implementation, and finishing with basic data analysis and the reporting of main findings. Students will work in groups of 2 or 3 on developing their own experiment. They will be required to present their research question supported by the recent developments in the literature early in the course. After receiving a feedback from instructors and peers, they will work on the experimental design. They will have an opportunity to present their design and receive feedback from instructors and peers before running pilot experimental sessions. Pilot sessions will be run with other students taking the course participating as subjects. Data from the pilot sessions will be analyzed to identify preliminary results. Students will then reflect on their experience to identify improvements in the design and further extensions to their research question. Based on their work during the semester, students will write, present and submit a project report.

Reading list

The following is a list of possible topics for your subject, along with a paper which will give you an overview of some previous experiments in these areas. These are only suggestions, and you are free to come up with a topic on your own.

Experiments on networks:
Kosfeld, M. (2004). Economic networks in the laboratory: A survey. Review of Network Economics, 3:20-42.
(http://time.dufe.edu.cn/jingjiwencong/waiwenziliao/20043291310260097.pdf)

Corruption:
Abbink. K. 2005. "Laboratory Experiments on Corruption" in The Handbook of Corruption,
ed. by S. Rose-Ackerman, Edward Elgar Publishers, Cheltenham, UK and
Northampton, US. (http://library.northsouth.edu/Upload/International%20Handbook%20on%20Economics%20Corruption.pdf#page=457)

Bubbles:
Vernon L. Smith, Gerry L. Suchanek and Arlington W. Williams. "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets" Econometrica, Vol. 56, No. 5 (Sep., 1988), pp. 1119-1151
(http://www.jstor.org/stable/1911361)
Powell, O.R., 2010. "Essays on Experimental Bubble Markets." (Chapters 1 and 2 only)
(https://docs.google.com/open?id=0B2R0r1Y14zgyNjA4ZTRiNGEtNjQ5My00ZDMzLTlkZGYtNWQ2OWZlYTI0YjI2&authkey=CMKu5KYP)

Voting experiments:
David K. Levine and Thomas R. Palfrey. "The paradox of voter participation? A laboratory study", The American Political Science Review, Vol. 101, No. 1 (Feb., 2007).
(http://www.jstor.org/stable/10.2307/27644431)
Experimental Macroeconomics:
http://www2.econ.iastate.edu/tesfatsi/ExperimentalMacro.PalgraveDictionary.JDuffy2006.pdf

Association in the course directory

Last modified: We 15.12.2021 00:16