Delivered at:: Undergraduate Programmes Curriculum Support

Course type:: Elective course

When:: 3 year, 1, 2 module

Instructor

Suvorov, Anton

Полная версия программы учебной дисциплины

Аннотация

Experimental economics is the branch of economics concerned with testing economic theory using controlled experiments. This methodology was introduced in the 1960s by Vernon Smith, who used it to study behavior in markets. Beginning in the 1970s, experimental methods were increasingly used by psychologists such as Kahneman and Tversky to point out behavior at odds with the standard economic model, and this work came to be known as behavioral economics. This course will teach you about behavioral and experimental economics through the lens of experiments on strategic behavior (game theory) and individual decision making (decision theory). The first half of this course will focus on individual decisions. Here, we will learn about how people form beliefs and how they deal with uncertainty. We will look at a number of research papers, including classic work of Kahneman and Tversky and more recent developments, e.g. on how non-standard data such as response times can be used to shed light on the decision-making process. The second half of this course will focus on game theory experiments. First, we will discuss “traditional” game theory experiments testing the validity of different equilibrium concepts, studying how well agents coordinate, and so on. Because to see how well game theory does in the lab, one first has to understand the theory, we will spend some time reviewing the theoretical fundamentals, such as Nash Equilibrum, subgame perfection, etc. Second, we will see how game theory experiments can be used to shed light on preferences for altruism, trust, and other important drivers of human behavior which standard economic courses do not cover.

Цель освоения дисциплины

This course will teach students about behavioral and experimental economics through the lens of experiments on strategic behavior (game theory) and individual decision making (decision theory).

Планируемые результаты обучения

Has a good sense of where the field is today
Understands and critically evaluates the results of economic experiments

Содержание учебной дисциплины

Introduction
Levels of reasoning
Nash Equilibrium
Prosocial behavior
Prospect Theory
Thinking Fast and Slow
Anomalies

Элементы контроля

Participation in classroom experiments, including those based on the final assignment
Home assignment
Final group assignment

Промежуточная аттестация

2023/2024 учебный год 2 модуль
0.3 * Final group assignment + 0.4 * Home assignment + 0.3 * Participation in classroom experiments, including those based on the final assignment

Bachelor’s Programme 'HSE/NES Programme in Economics'

Behavioral and Experimental Economics

Instructor

Программа дисциплины

Аннотация

Цель освоения дисциплины

Планируемые результаты обучения

Содержание учебной дисциплины

Элементы контроля

Промежуточная аттестация

Список литературы

Рекомендуемая основная литература

Рекомендуемая дополнительная литература