ECON 443 Experimental Economics
Office Hours: Tuesday and Thursday 2:00-3:30
and by appointment.
(but I am around most of the time so feel free to drop by my office!)
Office Location: 425 WCOB
Download a copy of the course syllabus
Reading List / Schedule
Material / Notices
|1/16||Public Goods Experiment||lab||
vcm class data
Andreoni, James. "Cooperation in Public Goods Experiments:
Kindness or Confusion?" American Economic Review, 85(4), September
1995, pp. 891-904. (Available through
Isaac, R. M and J.M. Walker, “Group Size Effects in Public Goods Provision: the Voluntary Contributions Mechanism,” Quarterly Journal of Economics 103 (1988), 179-199. (Available through JSTOR.)
|1/23||Public Goods Field Experiment||classroom||
Shang, Jen and Rachel Croson. "Field Experiments in Charitable
Contribution: the Impact of Social Influence on the Voluntary
Provision of Pubic Goods." Knowledge@Wharton working paper, November
2005. (Available at
Chen, Yan, Xin Li, and Jeffery MacKie-Mason. "On-Line Fund Raising Mechanisms: A Field Experiment." University of Michigan working paper 2006. (Available at http://www-personal.umich.edu/~jmm/papers/ipl05.pdf)
Smith, Vernon. "Theory, Experiment and Economics." Journal of Economic Perspectives, 3(1), 1989, pp. 151-69. (Available through JSTOR.)
Smith, Vernon. "Economics in the Laboratory." Journal of Economic Perspectives, 8(1), 1994, pp. 113-31. (Available through JSTOR.)
|1/30||Double Auction Experiment||classroom||
double auction class data
|2/1||Double Auction||classroom||NO CLASS DUE TO SNOW|
Smith, Vernon. "An Experimental Study of Competitive Market
Behavior." Journal of Political Economy, 70, pp. 111-37.
van Boening, Mark and Nathaniel Wilcox. "Avoidable Cost: Ride a Double Auction roller Coaster." American Economic Review, 86(3), June 1996, pp. 461-477. (Available through JSTOR.)
|2/8||Financial Markets Experiment||lab||
asset market trades
King, R., V. Smith, A. Williams, and M. VanBoening. "The Robustness of
Bubbles and Crashes in Experimental Stock Markets". Nonlinear
Dynamics and Evolutionary Economics eds. Day and Chen, 1993.
Sunder, Shyam. "Experimental Asset Markets: A
Survey" The Handbook of Experimental Economics. eds. Kagel
and Roth, 2005. (Available at
|2/15||Posted Offer Experiment||classroom||
posted offer data
Cason, T. and A. Williams. "Competitive Equilibrium Convergence in a
Posted-Offer Market with Extreme Earnings Inequalities."
Journal of Economic Behavior and Organization, 14, pp. 331-52.
Davis, D., G Harrison, A. Williams. "Convergence to Non-Stationary Equilibria: An Experimental Analysis." Journal of Economic Behavior and Organization, 22, pp. 305-26.
Both articles are on e-reserve through UA library at http://library.uark.edu/search/p.
|2/22||Electronic Markets Experiment||lab||
how cookies work
|2/27||Electronic Markets||classroom||Deck, Cary and Bart Wilson. "Tracking Customer Search to Price Discriminate." Economic Inquiry, 44(2), April 2006, pp. 280-95. (Available at http://ei.oxfordjournals.org/cgi/reprint/44/2/280.)|
|3/1||Ultimatum Game Experiment||lab||ultimatum questions|
Hoffman, Elizabeth, Kevin
A. McCabe, Keith Shachat, and Vernon L. Smith, “Preferences, Property
Rights, and Anonymity in Bargaining Games,” Games and Economic
Behavior, 7(3), December 1994, pp. 346-380.
Xiao, Erte and Daniel Houser. "Emotion Expression in Human Punishment Behavior." Interdisciplinary Center for Economic Science, George Mason University, 2006. (Available at http://ideas.repec.org/p/wpa/wuwpex/0504003.html.)
|3/8||Reciprocity Experiment||lab||reciprocity questions|
Berg, Joyce, John
Dickhaut, and Kevin McCabe, “Trust, Reciprocity and Social History,”
Games and Economic Behavior, 10(1), July 1995, pp. 122-142.
Available through US library at
|3/15||Project Day||office||individual meetings as needed|
|3/20||Spring Break||beach||for fun you could read "The Wisdom of Crowds" by Surowiecki|
|3/22||Spring Break||mountains||for fun you could read "The Origin of Virtues" by Ridley|
Cox, James and Cary Deck. "On
the Nature of Reciprocal Motives." Economic
Inquiry, 43(3), 2005, pp.623-635.
Cox, James and Cary Deck. "When are Women More Generous than Men?" Economic Inquiry, 44(4), October 2006, pp. 587-98.
|3/29||Exam 1||classroom||you should bring a blank test booklet to the exam|
arbitration data: FOA,
|4/5||Information Market Experiments||lab|
Deck, C., A. Farmer, and D. Zeng. "Amended
Final Offer Arbitration is Improved Arbitration: Evidence form the
Laboratory" working paper University of Arkansas, 2006.
Deck, C., A. Farmer, and D. Zeng. "Arbitration and Bargaining Across the Pacific" working paper University of Arkansas, 2006.
|4/17||Student Presentations||classroom||Bring Feedback Forms|
|4/24||Auctions Experiment||lab||auction questions|
|5/1||Auctions||classroom||Cox, J.C., B. Roberson, and V.L. Smith, “Theory and Behavior of Single Price Auctions,” in V. L. Smith, ed., Research in Experimental Economics, Vol. 2, 1-43 (Greenwich, Conn.: JAI Press, 1982).|
McCabe, Kevin, Stephen Rassenti, and Vernon Smith. "Designing Call Auction
Institutions: Is Double Dutch the Best?" Economic Journal,
102, January 1992, pp. 9-23. (Available through
Wertenbroch, Klaus and Bernd Skiera (2002) “Measuring Consumers’ Willingness to Pay at the Point of Purchase,” Journal of Marketing Research, 39, 228-41.
Projects: Presentations and Papers
Information on Papers, Reports and Presentations
Presentation Feedback Forms
Grades are available through Blackboard.
This website may not have current information and is not binding. It is the student's responsibility to keep up with the class schedule, current assignments and announcements as they are made in class.