Experimental economics is a rapidly growing field that uses laboratory experiments to study economic behavior. This book provides a comprehensive introduction to experimental economics, making it an essential resource for students, researchers, and policymakers.
The book covers a wide range of topics, including:
* The history and methodology of experimental economics
* The design and implementation of economic experiments
* The analysis and interpretation of experimental data
* The use of experimental economics to study a wide range of economic phenomena, including markets, auctions, bargaining, pricing, game theory, and behavioral economics
Experimental economics has been used to make important contributions to our understanding of economic behavior. For example, experimental studies have shown that people are not always rational and self-interested, and that they are often influenced by psychological factors such as framing and anchoring.
Experimental economics has also been used to study the effects of different market institutions on economic outcomes. For example, experimental studies have shown that some auction formats are more efficient than others, and that some market structures are more prone to collusion than others.
The book is written in a clear and concise style, and it is packed with real-world examples and case studies. It is an essential resource for anyone who wants to learn more about experimental economics.
Whether you are a student, a researcher, or a policymaker, this book will provide you with a comprehensive understanding of experimental economics and its applications. With its clear and engaging writing style, this book is the perfect introduction to this exciting field.
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