JAN EVANGELISTA PURKYNĚ UNIVERSITY IN ÚSTÍ NAD LABEM
Study programmes & Course catalogue
for academic year 2024/2025
JAN EVANGELISTA PURKYNĚ UNIVERSITY IN ÚSTÍ NAD LABEM
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Course: Behavioral and experimental economics

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Course title Behavioral and experimental economics
Course code KEMA/MBEXE
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Winter
Number of ECTS credits 6
Language of instruction English
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • van Koten Silvester, doc. Ph.D.
  • Čech Prokop, Mgr.
Course content
1. Introduction: Why experiments? Aren't empirical data better? External validity, Internal validity, Specialists versus students, Script enactment, repeated trials, financial incentives, prohibition of deception, Within or between 2. Computerized games setup: Download/install/get student licence of Ztree, Otree, Python 3.8 and Pycharm 2020 3. Pitfalls: Deception, Overcomplicate, Testing wrong things (mechanisms can be tested) 4. The classic puzzles: Do economic theories apply (to reality)? Double & posted-prices auctions 5. ZTREE & OTREE 6. Forward markets: Brandts, VanKoten, Praveen Kujal, 1200-round experiments, Friedman 7. Forward markets: forward premium 8. Pivotal & DM (Brandts & Rassenti) 9. Hot versus Cold 10. Replication 11. SROs, and Using web-design tools for programming interactive experimental games

Learning activities and teaching methods
unspecified
Learning outcomes
Prerequisites
unspecified

Assessment methods and criteria
unspecified
Requirements and grading: There will be no exams in this class. The course grade will predominantly be based on two term paper: a short one reviewing an experimental research article and one making a research proposal. Assessment: 90+: Excellent (1) 75-89: Very good (2) 60-74: Good (3) 0-59: Fail (4)
Recommended literature
  • Crosetto, P., & Filippin, A. The "bomb" risk elicitation task. Journal of Risk and Uncertainty, 47(1), 31-65.. 2013.
  • Friedman, D., Cassar, A., & Selten, R. Economics lab: an intensive course in experimental economics. Psychology Press.. Psychology Press, 2004.
  • Guala Guala, F. The methodology of experimental economics. Cambridge University Press.. 2005.
  • Holt Holt, C. A. Markets, games, & strategic behavior. Boston: Pearson Addison Wesley.. 2007.
  • Holzmeister, F., & Pfurtscheller, A. oTree: The "bomb" risk elicitation task. Journal of Behavioral and Experimental Finance, 10, 105-108..
  • Ketcham, J., Smith, V. L., & Williams, A. W. A comparison of posted-offer and double-auction pricing institutions. The Review of Economic Studies, 595-614.. 1984.
  • Smith, V. L. Constructivist and ecological rationality in economics. American Economic Review, 465-508. 2003.
  • Smith, V. L. Rationality in economics: Constructivist and ecological forms. Cambridge University Press.. 2007.
  • Weimann, J., & Brosig-Koch, J. Methods in Experimental Economics. Springer Texts in Business and Economics.. 2019.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
JAN EVANGELISTA PURKYNĚ UNIVERSITY IN ÚSTÍ NAD LABEM, date of update: 01.11.2024 23:51. Data created for academic year 2024/2025