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  • © 2007

Developments on Experimental Economics

New Approaches to Solving Real-world Problems

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 590)

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Table of contents (29 chapters)

  1. Front Matter

    Pages I-XII
  2. Vernon L. Smith’s Speeches

    1. Front Matter

      Pages 1-1
  3. The Past and Future of Economic Experiments

    1. Front Matter

      Pages 33-33
    2. Design Science: A Prelude

      • Tatsuyoshi Saijo
      Pages 119-127
  4. Non Game-Theoretic Individual Decision Making

    1. Front Matter

      Pages 129-129
    2. WTP and WTA for Expressway Services

      • Metin Senbil, Ryuichi Kitamura
      Pages 143-148
    3. Judgement in Small Decision-Making Problems

      • Takemi Fujikawa, Sobei H. Oda
      Pages 149-154

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.

Editors and Affiliations

  • Faculty of Economics, Kyoto Sangyo University, Kyoto, Japan

    Sobei Hidenori Oda

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access