I am currently working on a new book “Behavioural Economics and Experiments” to be published by Routledge. This is designed to be a core text for a one-semester under-graduate or Masters course in behavioural/experimental economics. Here is the tentative table of contents for this book.
- Chapter 1: How we decide
- Chapter 2: Experiments in behavioural economics
- Chapter 3: The dual self model, gut feelings and effortful thinking
- Chapter 4: Expected utility theory and prospect theory
- Chapter 5: Probabilistic thinking
- Chapter 6: Thinking strategically
- Chapter 7: The Ultimatum game and the economics of fairness.
- Chapter 8: Market implications of fairness
- Chapter 9: Trust and trustworthiness in everyday life
- Chapter 10: Trust and trustworthiness in market interactions
- Chapter 11: Social dilemma problems
- Chapter 12: The carrot or the stick: sustaining cooperation in social dilemmas
- Chapter 13: I will if you will: Resolving coordination failures in organizations
- Chapter 14: Behavioural analyses of markets
- Chapter 15: Asset markets bubbles
- Chapter 16: Experiments in oligopolistic markets
I an editing a forthcoming volume Reseach Agenda in Experimental Economics forthcoming from Edward Elgar. The aim of this volume is to speak to people outside of mainstream of economics. One intended group of readers include people working in areas that may not automatically turn towards using experiments in studying their own research questions. Here, the aim is two-fold: (1) to reach out to these potential readers and inform them of ways in which experiments are being used by pioneers in those fields and (2) to point out useful avenues of further research. To that end, the chapters in the volume are not intended to be summarize work in those fields; but rather provide a selection of how experiments are being utilized to address interesting research questions and what are the potential future extensions. But, equally, we also wish to reach out to experienced experimentalists and point out how they can use the items in their tool-kit to address other interesting research questions that are amenable to experimental study. So our hope is to reach social scientists who want to learn about using experiments in their work as well as experimentalists who may be looking for new and exciting research ideas that rely on the experimental methodology. We will consider this volume to be successful if it managed to start fruitful conversations, and hopefully collaborations, between the two groups of researcher identified above.
- Table of contents:
- Introduction – Ananish Chaudhuri, University of Auckland;
- Experiments in the formation of social norms – James Tremewan, University of Auckland, and Alexander Vostroknutov, Maastricht University;
- Applications of experiments to law and economics – Alice Guerra, Copenhagen Business School;
- Experiments in Political Psychology – Kyle Fischer, Quentin Atkinson and Ananish Chaudhuri.
- Gender and leadership: An experimental approach – Philip Grossman, Monash University, Lata Gangadharan, Monash University, Catherine Eckel, Texas A&M University and Nina Xue, Monash University.
- Economic experiments and environmental economics – Lana Friesen, University of Queensland, Lata Gangadharan, Monash University and Tim Cason, Purdue University;
- Neuroeconomics – Sarah Cowie, University of Auckland, Olav Krigolson, University of Victoria and Ian Kirk, University of Auckland;
- Sleep deprivation and economic decision making: An experimental approach – David Dickinson, Appalachian State University;
- Behavioural development economics – Pushkar Maitra, Monash University and Ananta Neelim, RMIT University;
- Behavioural nudges in health – John Gibson and Steven Tucker, University of Waikato
My book Experiments in Economics: Playing Fair with Money was published by Routledge in January 2009. This book provides an easy to follow guide to economic experiments and specifically those that explore notions of fairness, altruism and trust in economic transactions and how findings in the field can change the way we approach a variety of economic problems such as pricing by firms, written contracts between parties, making voluntary contributions to charity or the provision of micro-credit to small entrepreneurs. The book draws examples from literature, history and the real world, including issues in environmental and development economics. Assuming no prior knowledge of economics, this book should appeal to a general audience as well as undergraduates studying experimental economics, microeconomics or game theory. The book should also be of interest to students and practitioners in social psychology, organizational behaviour, management and other business related disciplines. The book has received endorsements from a number of leading scholars in the area.
You can buy a copy of the book from Amazon by clicking here.
The book has received extremely favourable reviews in the Journal of Economic Literature (It is the second review in the list; please scroll down the page to see the review), as well as in the Journal of Economic Psychology.In the Journal of Economic Literature, David J. Cooper of Florida State University wrote:
What this book is perfect for is giving interested readers who are not professional economists a flavor of what experimental economics does and why it is important. It is the book I gave my mother when she wanted to understand what I was always babbling about (she loved it!)…
The book is fun to read, well written, and different kinds of readers may find it useful: the professional reader can obtain a broad-brush picture of the state of the art in a very lively area of behavioral game theory, getting some idea about the most interesting controversies on the sources of human cooperation. The curious, untrained reader can learn how norm-based behavior may affect economic outcomes and the functioning of important economic institutions such as firms and markets; and, finally, the experimental economist may find this book to be both a valid didactic support when teaching an experimental course to novices (examples may include first year Economics undergraduates, master students in business schools, and students of majors other than Economics) and the perfect gift to get friends, relatives, and colleagues from other departments acquainted with her/his field of research. The most important merit of the book is definitely the author’s attempt at making experimental research (and its many interesting implications) available to a more general public, which is essential, I believe, in filling the gap between academics within the social sciences and society at large.
Recent Advances in Experimental Studies of Social Dilemma Games is a collection of articles exploring the issue of sustaining cooperation in social dilemma games and showcases the state of the art in this area. The papers were originally published in a Special Issue of the journal GAMES, an open access journal published by MDPI. Subsequently, the articles were published in this collected volume. For anyone interested, copies can be ordered from either the publisher (MDPI) or from Amazon.com.