Experimental Economics I: Behavioral Game Theory (實驗經濟學一：行為賽局論)

NTU (Spring 2015)

Time: Friday, 2:20-5:20pm, at Social Sciences 406 (社科406)

Office Hour: 5:20-6pm after class or by Email appointment

Course Syllabus and Paper List

Textbooks:

• Textbook:      Colin F. Camerer (2003), Behavioral Game Theory, Princeton University Press. (BGT)

• Presentation: Rachel Glennerster and Kudzai Takavarasha (2013), Running Randomized Evaluations: A Practical Guide, Princeton University Press.

References:

    1. Kagel and Roth (1995, 2012), Handbook of Experimental Economics, Vol.1, and selected Vol.2 chapters, Princeton University Press.
    2. Holt (2007), Markets, Games and Strategic Behavior, Pearson. [雙葉代理] (undergraduate textbook)
    3. Crawford, Costa-Gomes and Iriberri (2013), "Structural Models of Nonequilibrium Strategic Thinknig: Theory, Evidence, and Applications," Journal of Economics Literature, 51(1), 5-62. (Level-k)
    4. 坂井豐貴 (2014), 《如何設計市場機制？：從學生選校、相親配對、拍賣競標，了解最新的實用經濟學》，經濟新潮社。 (Market Design)
    5. Jackson (2013), "Economic Engineering and the Design of Matching Markets: The Contributions of Alvin E. Roth," Scandinavian Journal of Economics, 115(3), 619-639. (Market Design)
    6. Krajbich, Oud and Fehr (2014), "Benefits of Neuroeconomic Modeling: New Policy Interventions and Predictors of Preference," American Economic Review Papers and Proceedings, 104(5), 501-506. (Neuroeconomics)
    7. Riley (2012), Essential Microeconomics, Cambridge University Press. (EM)

Class Topics:

 o. [ 2 /27] Holiday
               關於 presentation 的一些想法 (aka "How to Prepare a 20-minute Presentation" by Wei-jen Hsu)
                    Youtube: Life After Death by PowerPoint (with Chinese caption); 2010 updated version 
                    Youtube: Principles of economics, translated  (Transcription)  
                    10 most common presentation mistakes
                    Graphic Representation of Data: 1812 (originally by Minard) 

 1. [ 3 / 6 ] Experimental Economics and Behavioral Game Theory [old slides] (BGT, Ch.1, Wang notes)
               Experiment 1: The Pit Market
               Experiment 2: Ultimatum Game
               Experiment 3: p-Beauty Contest

 2. [ 3 /13] Risk and Time Preferences [old slides]; Basic Principles of Experimental Design [old slides](BGT, A1.2)
               Experiment 4: Decision under Uncertainty and/or Time

 3. [ 3 /20] Social Preferences [old slides](BGT, Ch.2; new chapter; Reviews for Ultimatum, Dictator and Trust Games)
               Experiment 10: Pull or Push

 4. [ 3 /27] Mixed Strategy Equilibrium [old slides](BGT, Ch.3); LUPI [old slides] (Ostling et al., 2011)
               Experiment 5: LUPI game

               Book Chapter 1 Presentation: TBD

 o. [ 4 / 3 ] Spring Break

 5. [ 4 /10] Bargaining [old slides](BGT, Ch.4)
               Book Chapter 2 Presentation: 鄭紹鈺、傅韋銘、陳乃群
               Student Presentation: Iriberri and Rey-Biel (2013), “Elicited Beliefs and Social Information in Modified Dictator Games: What Do Dictators Believe Other Dictators Do?” Quantitative Economics, 4(3), 515–547. (林伯軒、溫建岳)

 6. [ 4 /17] Dominant Solvable Games [old slides] (BGT, Ch.5)
               Book Chapter 3 Presentation: 郭佳靈、曾郁芸、林釗霆
               Student Presentation: Callen and Long (2015), “Institutional Corruption and Election Fraud: Evidence from a Field Experiment in Afghanistan,” American Economic Review, 105(1), 354-381. (黃韻如、蔡維哲)

 o. [ 4 /24] Midterm Proposal Due (No Class)

 7. [ 5 / 1 ] Level-k Thinking [old slides](Crawford et al., JEL 2013)
               Experiment 6: Hide and Seek Game
               Book Chapter 4 Presentation: 吳東懋、顏恩文、鈴木宇宙
               Student Presentation: Petersen and Winn (2014), “Does Money Illusion Matter? Comment,” American Economic Review, 104(3), 1047-1062. PLUS: Fehr and Tyran (2014), “Does Money Illusion Matter? Reply,” American Economic Review, 104(3), 1063-1071. (王元翰、王棋瑩)

 8. [ 5 / 8 ] Learning [old slides](BGT, Ch.6; new chapter)
               Book Chapter 5 Presentation: 林伯軒、溫建岳
               Student Presentation: Jessoe and Rapson (2014), “Knowledge Is (Less) Power: Experimental Evidence from Residential Energy Use,” American Economic Review, 104(4), 1417-1438. (陳清宜)
               Student Presentation: Henrich et al. (2010), “Markets, Religion, Community Size, and the Evolution of Fairness and Punishment,” Science, 327(5972), 1480-1484. (高家志、倪家泰)

 9. [ 5 /15] Coordination and Equilibrium Selection [old slides] (BGT, Ch.7)
               Experiment 7: Presidential Nomination Game
               Experiment 8: Minimum Effort Game
               Experiment 9: Price/Quantity Market
               Book Chapter 6 Presentation: 馮孟章、林建勳、林宣文
               Student Presentation: Oprea (2014), “Survival Versus Profit Maximization in a Dynamic Stochastic Experiment,” Econometrica, 82(6), 2225-2255. (鄭紹鈺、傅韋銘、陳乃群)

10.[ 5 /22] Signaling and Reputation [old slides](BGT, Ch.8) (Wang et al, 2010; Lai et al. 2014)
               Book Chapter 7 Presentation: 黃韻如、蔡維哲
               Student Presentation: Ashraf, Field, and Lee (2014), “Household Bargaining and Excess Fertility: An Experimental Study in Zambia,” American Economic Review, 104(7), 2210-2237. (郭佳靈、曾郁芸、林釗霆)

11.[ 5 /29] Neuroeconomics [old slides] (new chapter; Wang chapter)
               Book Chapter 8 Presentation: 王元翰、王棋瑩
               Book Chapter 9 Presentation: 陳清宜、高家志、倪家泰

12.[ 6 / 5 ] Field Experiments [old slides] (Harrison and List, 2004)
               Student Presentation: Tadelis and Zettelmeyer (2015), “Information Disclosure as a Matching Mechanism: Theory and Evidence from a Field Experiment,” American Economic Review, 105(2), 886-905. (吳東懋、顏恩文、鈴木宇宙)

13.[ 6 /12] Market Design (A Taiwanese Example)
                  Student Presentation: Hafalir, Hakimov, Kübler and Kurino (2014), “College Admissions with Entrance Exams: Centralized versus Decentralized,” mimeo. (馮孟章、林建勳、林宣文)

 o. [ 6 /19] Holiday (Dragon Boat Weekend)

14.[ 6 /26] Final Proposal Presentation (Final Proposal Due)