Save 50% on Print Books, eBooks & Journals in Medicine! Browse now >>

Lecture Notes in Economics and Mathematical Systems

Developments on Experimental Economics

New Approaches to Solving Real-world Problems

Editors: Oda, Sobei H. (Ed.)

Buy this book

eBook $119.00
price for USA
  • ISBN 978-3-540-68660-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $159.00
price for USA
  • ISBN 978-3-540-68659-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This volume presents papers and speeches given in the Experimental E- nomics Week in Honour of Dr Vernon L. Smith held in Okayama and Kyoto, 13-17 December 2004, which consisted of Dr Smith’s public speech and the International Conference on Experiments in Economic Sciences: New - proaches to Solving Real-world Problems. Despite having a short history, experiments are now considered indispensable in economics as in other ?elds of science and engineering. As Dr Smith’s Nobel Prize (2002) shows, experimental economics has now established itself in modern economics. In such an environment, researchers are expected to developthetraditionwithnewideasinnew?eldsforsolvingvariousproblems in the real world. The Experimental Economics Week, which was organised to explore new ?elds for experiments with new approaches, provided a unique opportunity for those who were engaged or interested in experiments in their ?elds to discuss experimental approaches from various standpoints. Economic experiments broaden and deepen our understanding of human - haviour, the economy and their interdependence. Some experiments are - signed to observe how people behave. Experimenters control subjects’ e- nomic environment to guess their strategies, which are not always apparent in the real world. The environment may be game-theoretic (a person’s gain or loss is a?ected by other persons’ actions) or non-game-theoretic. In either case what is checked is subjects’ behaviour. Some experiments are done to see how market or other economic systems work.

Table of contents (5 chapters)

  • Public Speech: “Markets, Capital Markets and Globalization”

    Vernon L. Smith

    Pages 3-16

  • On the Weighting of Rare Events and the Economics of Small Decisions

    Ido Erev

    Pages 59-73

  • Trust, Fear, Reciprocity, and Altruism: Theory and Experiment

    James C. Cox

    Pages 75-90

  • What Have We Learned From Experimental Finance?

    Shyam Sunder

    Pages 91-100

  • Audit Credibility and the Audit Fees: A Theory and an Experimental Investigation

    Tatsuhiko Kato

    Pages 227-232

Buy this book

eBook $119.00
price for USA
  • ISBN 978-3-540-68660-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $159.00
price for USA
  • ISBN 978-3-540-68659-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Developments on Experimental Economics
Book Subtitle
New Approaches to Solving Real-world Problems
Editors
  • Sobei H. Oda
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
590
Copyright
2007
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-68660-6
DOI
10.1007/978-3-540-68660-6
Softcover ISBN
978-3-540-68659-0
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XII, 264
Number of Illustrations and Tables
64 b/w illustrations
Topics