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Introduction to Experimental Methods in Economics Research Steven Tucker Department of Economics and Finance University of Canterbury
A Young and Rapidly Growing Field
2002 Nobel Prize in Economic Studies Vernon L. Smith Daniel Kahneman for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
What is Experimental Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is Experimental Economics? ,[object Object]
What is Experimental Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
NZEEL Brand new state-of-the-art, unique to NZ, dedicated research facility 36 terminals Private observation/control room Specialized software with programmers
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of Experimental Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of Experimental Economics ,[object Object],[object Object]
Consequences of not test-bedding. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Concluding ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you!

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Experimental Economics - Steve Tucker

  • 1. Introduction to Experimental Methods in Economics Research Steven Tucker Department of Economics and Finance University of Canterbury
  • 2. A Young and Rapidly Growing Field
  • 3. 2002 Nobel Prize in Economic Studies Vernon L. Smith Daniel Kahneman for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
  • 4.
  • 5.
  • 6.
  • 7. NZEEL Brand new state-of-the-art, unique to NZ, dedicated research facility 36 terminals Private observation/control room Specialized software with programmers
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.