Experimental economcis refers to the practice of testing economic hypootheses by conductin controlled experiments rather than relying on more traditional econometric testing. This course provides a survey of experiments conducted by economists ina variety of areas. Discussion will focus on the basics of the theory being tested, the methodology employed, and the results for each experiment. In addition, attempts will be made to replicate some results by ocnducting these same experiments in the classroom. Topics may include experiments conducted in the theory of competitive markets, oligopoly markets, auctions, decision-making under risk and uncertainty, public good and search theory.
Prerequisite: 251, 252 and one additional ECON course numbered 300 or higher.