Advanced Experimental Economics

Guest Instructor: 
Yves Breitmoser
Time I: 
Thursday,
09:00am to 12:00pm
Venue I: 
HU Berlin, Spandauer Straße 1, Room 23
Description: 

Advanced Experimental Economics introduces the methods and models used in
analyses of economic experiments. The focus will be on structural models
used to estimate utility functions, belief hierarchies, and subject
heterogeneity. The course covers the numerical and econometric methods
required to conduct structural analyses and the current behavioral
approaches to model utilities and beliefs. Methods and models are
developed in relation to standard experimental games and code examples
illustrate their application on actual data. The topics include the
estimation of social preferences in non-strategic environments (such as
dictator games), the estimation of beliefs in normal-form games of
complete information, the estimation of preferences and beliefs in
strategic games (such as ultimatum and public goods games), the estimation
of beliefs and updating errors in games of incomplete information (such as
auctions), and the estimation of strategies in repeated games.

In the first ten meetings, I cover these topics in lectures. During these
meetings, the participants are being assigned topics for their later term
paper. The topics relate to those discussed in class, and the term paper
involves analyzing existing data using the discussed methods. In the
remaining five weeks, you will present your term papers (up to three
presentations per week). Presentations will be organized so that everybody
has at least six weeks from assignment of topic to presentation of
results.

Literature: (Background reading)
M. J. Osborne and A. Rubinstein. A course in game theory, 1994. MIT Press.
C. F. Camerer. Behavioral game theory, 2003. Princeton University Press.
K. L. Judd. Numerical methods in economics, 1998. MIT Press.
K. Train. Discrete choice methods with simulation, 2009 (2nd edition).
Cambridge University Press.
C. A. Holt. Markets, games and strategic behavior, 2006. Addison Wesley.

Exam:
The course is classified as seminar, students are evaluated based on a term paper (80%) and a classroom
presentation (20%).

Credits: 
6.00
Program: 
Semester: 
Fall 2013
Affiliation: 
Humboldt-Universität zu Berlin
End date of the whole course: 
Thursday, February 13, 2014 - 12:00pm