88-724: Group and Decision Experiments in Economics and Psychology
The 2002 Nobel Prize in economics was awarded to Vernon Smith and Daniel Kahneman largely for work using laboratory experiments with human subjects. This method of collecting data and testing theories has been used by economists for several decades, and it has been part of psychologists' methodology for even longer. However, in spite of the fact that both economists and psychologists rely on human experiments, there are significant differences in the ways that they use experiments. This course is primarily a survey of research using human laboratory experiments from the perspective of economics. However, since there is considerable complementary work in psychology, we will also pay careful attention to this work. A second goal of the course is to explore the methodological differences in the use of human experiments by economists and psychologists.
| A | M | 01:30 pm - 04:20 pm | PH A21A | Weber |