2021/2022
Experimental Economics
Category 'Best Course for Career Development'
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Optional course (faculty)
Delivered by:
Department of Applied Economics
Where:
Faculty of Economic Sciences
When:
3 module
Open to:
students of one campus
Instructors:
Pyotr Evdokimov
Language:
English
ECTS credits:
3
Contact hours:
40
Course Syllabus
Abstract
Experiments are used by economists to study a variety of topics, from testing theories of learning to studying economic preferences and the functioning of markets. This course will explore the role of experiments in testing theories of strategic and social behavior (i.e., game theory). We will cover such topics as Nash Equilibrium, rationality, higher-order thinking, altruism, cooperation, repeated interactions, and the role of communication in promoting coordination and efficiency. For each topic we study, we will review the necessary theoretical background and then see well game-theoretic predictions fare in laboratory. We will also read recent search papers and learn how to set up our own experiments and analyze the data.
Learning Objectives
- The course is designed to: 1. Give you an overview of what we can learn from game theory experiments; 2. Teach you how to read and discuss research papers; 3. Challenge you to come up with your own ideas.
Course Contents
- Rationality and higher-order thinking
- Equilibrium and coordination
- Dynamic games
- Prosocial behavior
