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I - Readings in experimental economics

Published online by Cambridge University Press:  05 June 2012

Daniel Friedman
Affiliation:
University of California, Los Angeles
Shyam Sunder
Affiliation:
Carnegie Mellon University, Pennsylvania
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Summary

We hope this primer has whetted your appetite to learn more about experimental economics. What should you read next? Here are our suggestions.

Davis and Holt (1992) is a graduate-level textbook on experimental economics. It integrates economic theory with interpretive surveys of experimental work in many fields of economics. The coverage is especially strong for posted offer and other market experiments and for individual choice experiments.

Kagel and Roth (1993) is a collection of research surveys by leading experimentalists, covering most major fields. We have already cited Camerer's chapter on individual decision making, Roth's chapter on bargaining experiments, Kagel's chapter on auctions, and Sunder's chapter on asset market experiments. You probably will want to read the other chapters dealing with your own research interests.

Hey (1991) is the first published textbook on experimental economics. Not surprisingly, the coverage is not as deep as in later books, but Hey is very readable and conveys the enthusiasm most experimentalists feel for the new horizons opened by experimental methods. He gives special attention to econometric perspectives and to individual choice experiments.

There are several general survey articles on experimental economics. The classics, Smith (1982b) and Plott (1982), are both still well worth reading. Roth (1988) gives special attention to early bargaining experiments and individual choice experiments. The New Palgrave dictionary article by Smith (1987) is a good short introduction to experimental economics.

Several books collect articles reporting research results. Smith (1990) collects fifteen classic articles from his experimental economics seminar reading list.

Type
Chapter
Information
Experimental Methods
A Primer for Economists
, pp. 143 - 173
Publisher: Cambridge University Press
Print publication year: 1994

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