Book Cover

Title Developments on experimental economics : new approaches to solving real-world problems / Sobei Hidenori Oda, editor
Published Berlin : Springer Verlag, ©2007


Description 1 online resource (xii, 262 pages) : illustrations
Series Lecture notes in economics and mathematical systems ; 590
Lecture notes in economics and mathematical systems ; 590.
Contents Vernon L. Smith's Speeches -- Public Speech: "Markets, Capital Markets and Globalization" -- Keynote Speech: "Foundations of Experimental Economics, Economic Design and Applications" -- The Past and Future of Economic Experiments -- Behavioral Decision Making at 50: Achievements, Prospects, and Challenges -- On the Weighting of Rare Events and the Economics of Small Decisions -- Trust, Fear, Reciprocity, and Altruism: Theory and Experiment -- What Have We Learned From Experimental Finance? -- Cheating in Markets: A Methodological Exploration -- Design Science: A Prelude -- Non Game-Theoretic Individual Decision Making -- Separation of Intertemporal Substitution and Time Preference Rate From Risk Aversion: Experimental Analysis With Reward Designs -- Signal Qualities, Order of Decisions, and Informational Cascades: Experimental Evidences -- WTP and WTA for Expressway Services -- Judgement in Small Decision-Making Problems -- Game-Theoretic Individual Decision Making -- The Effect of Inter-group Competition in the Prisoner's Dilemma Game -- The Mixed Effect of Voluntary Revelation: Evidence from Threshold Public Goods Game Experiments -- Trust and Reciprocity in Intergroup Relations: Differing Perspectives and Behaviors -- Frames and Games -- Combinatorial Auction Bandwidth Trading: An Experimental Study -- A Note on Peer Enforcement by Selective Exclusion: An Extended Abstract -- Performance of the System -- Recycling of Durable Goods: Modeling and Experiments -- Decision Making in Artifactual Systems With Bounded Rationality -- A Study on Virtual Market for Pareto Optimal Mediation in Economic Society -- Empirical Tests of Exchange Rate Theory -- Charting the Market: Fundamental and Chartist Strategies in a Participatory Stock Market Experiment -- Between the System and Individual Behaviour -- Audit Credibility and the Audit Fees: A Theory and an Experimental Investigation -- When Firms Contest in Markets: An Experiment -- How to Use Private Information in a Multi-person Zero-sum Game -- A Price Competition Experiment Between Middlemen: Linear Function Case -- Does the Level of Information Matter for Traders? On the Usefulness of Information in Experimental Asset Markets -- A Laboratory Comparison of Arbitration Mechanisms: FOA and AFOA
Summary This volume on experimental economics offers both new research grounds and a bird's eye view on the field. In the first part, leading experimental economists, among them Vernon S. Smith and Daniel Friedman, give inspiring insights into their view on the general development of this field. In the second part, selected short papers by researchers from various disciplines present new ideas and concepts to solving problems in the real world. This multidisciplinary book is of particular interest to experimental economists and researchers from disciplines such as psychology, engineering and computer
Bibliography Includes bibliographical references
Notes Print version record
In Springer e-books
Subject Economics -- Research.
BUSINESS & ECONOMICS -- Economics -- General.
Economics -- Research.
Science économique.
Economie de l'entreprise.
Economics -- Research.
Experimenteel onderzoek.
Economische psychologie.
Form Electronic book
Author Oda, Sobei Hidenori.
ISBN 9783540686606