ECON 443  Experimental Economics
Spring 2007

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!)

Contact Information
                        Office Location:  425 WCOB
                        Phone: 575-6226

Download a copy of the course syllabus

Reading List / Schedule




Material / Notices

1/16 Public Goods Experiment lab vcm class data
1/18 Public Goods classroom Andreoni, James.  "Cooperation in Public Goods Experiments:  Kindness or Confusion?"  American Economic Review, 85(4), September 1995, pp. 891-904.  (Available through JSTOR.)

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   

1/25 Methodology classroom

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
2/6 Double Auction classroom Smith, Vernon.  "An Experimental Study of Competitive Market Behavior." Journal of Political Economy, 70, pp. 111-37. (Available through JSTOR.)

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
2/13 Financial Markets classroom 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
Read the Introduction (445-446) and Section III (467-474) 

2/15 Posted Offer Experiment classroom posted offer data
2/20 Posted Offer classroom 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

2/22 Electronic Markets Experiment lab cookie data
cookie questions
how cookies work
cookie crisp
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
3/1 Ultimatum Game Experiment lab ultimatum questions
3/6 Ultimatum Games classroom

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.
Article is on e-reserve through UA library at

Xiao, Erte and Daniel Houser.  "Emotion Expression in Human Punishment Behavior."  Interdisciplinary Center for Economic Science, George Mason University, 2006.  (Available at 

3/8 Reciprocity Experiment lab reciprocity questions
3/13 Reciprocity classroom

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

Eckel, K. and R. Wilson. "Detecting Trustworthiness:  Does Beauty Confound Intuition?" University of Texas - Dallas working paper, 2005.  (Available 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
3/27 Reciprocity classroom 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
4/3 Arbitration Experiments lab arbitration data: FOA, AFOA
arbitration questions
arbitration slides
4/5 Information Market Experiments lab  
4/10 Arbitration classroom 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.

4/12 Information Markets classroom  

Brown (2007)


4/17 Student Presentations classroom Bring Feedback Forms
4/19 Project Feedback classroom  
4/24 Auctions Experiment lab auction questions
4/26 Project Day  

No Class

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).
5/3 Auctions classroom 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 JSTOR.)

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.

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