Art of Experimental Economics

Gary Charness is a Professor of Economics and the Director of the Experimental and Behavioral Economics Laboratory at the University of California, Santa Barbara, USA. Mark Pingle is a Professor of Economics at the University of Nevada, Reno, USA.

"This is a terrific book. Experts in experimental economics summarize, contextualize and position 20 landmark papers. This book is a delight for both newcomers who want to learn quickly about the highlights of the field and for seasoned experimenters who will discover interesting new facts and insights on their favorite papers." Theo Offerman, Professor of Behavioral Game Theory, University of Amsterdam"What are some of the greatest papers in experimental economics and why? By having experienced researchers reevaluate highly cited and highly influential papers, this book offers insights into experimental research that no other book has provided."Jordi Brandts, Research Professor, Barcelona Graduate School of Economics and at Institut d ìAnàlisi Econòmica -- Consejo Superior de Investigaciones Científicas"This book provides clear summaries of 20 classic economic experiments, along with interesting discussions of their impact and subsequent work. It is a great way for economists to get a sense of what experimental economics is about, and it will be a great supplement to any class on the topic. Highly recommended!" Drew Fudenberg, Paul A. Samuelson Professor of Economics, Massachusetts Institute of Technology

• (1) Introducing 20 Top Papers and their Reviewers   (2) An Experimental Study of Competitive Market Behavior (by Vernon L. Smith)   (3) The Strategy Method as an Instrument for the Exploration of Limited Rationality in Oligopoly Game Behavior (by Reinhard Selten)   (4) An Experimental Analysis of Ultimatum Bargaining (by Werner Güth, Rolf Schmittberger and Bernd Schwarze)   (5) The Winner’s Curse and Public Information in Common Value Auctions (by John H. Kagel and Dan Levin)   (6) Group Size Effects in Public Goods Provision: The Voluntary Contributions Mechanism (by R. Mark Isaac and James M. Walker)   (7)  Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets (by Charles R. Plott and Shyam Sunder)   (8) Experimental Tests of the Endowment Effect and the Coase Theorem (by Daniel Kahneman, Jack L. Knetsch, Richard H. Thaler)   (9) Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh and Tokyo: An Experimental Study (by Alvin E. Roth, Vesna Prasnikar, Masahiro Okuno-Fujiwara and Shmuel Zamir)   (10) Unraveling in Guessing Games: An Experimental Study (by Rosemarie Nagel)   (11) Trust, Reciprocity, and Social History (by Joyce Berg, John Dickhaut, and Kevin McCabe)   (12) Cooperation and Punishment in Public Goods Experiments (by Ernst Fehr and Simon Ga ̈chter)   (13) A Fine is a Price (by Uri Gneezy and Aldo Rustichini)   (14) Giving according to GARP: An Experimental Test of the Consistency of Preferences for Altruism (by James Andreoni and John Miller)   (15) Risk Aversion and Incentive Effects (by Charles Holt and Susan Laury)   (16) Does market experience eliminate market anomalies? (by John A. List)   (17) Promises and Partnership (by Gary Charness and Martin Dufwenberg)   (18) The Hidden Costs of Control (by Armin Falk and Michael Kosfeld)   (19) Do Women Shy Away from Competition? Do Men Compete Too Much? (by Muriel Niederle and Lise Vesterlund)   (20) Group Identity and Social Preferences (by Yan Chen and Sherry X. Li)   (21) Lies in Disguise—An Experimental Study on Cheating (by Urs Fischbacher and Franziska Föllmi-Heusi)