230309 :Econometrics of Experimental Economics (CentER)


Voertaal Engels
Werkvorm: (Geen informatie over collegetijden bekend)
Tentamenvorm: paper or oral exam (Geen informatie over tentamendata bekend)
Studielast: ECTS credits


prof. dr. A.H.O. van Soest

Doel van de cursus (alleen in het Engels beschikbaar)

Experimental economics has become an important field in economics, to analyze, for example, risk aversion and time preferences, altruism, reciprocity and inequity aversion, trust and social capital, etc. Examples of such experiments are choices between lotteries to measure risk aversion, or games of proposal and responce such as the trust game or the ultimatum game, to measure, for example, reciprocity or inequity aversion.
Many traditional experiments in economics laboratories used small samples, often with volunteers drawn from a student population, and without many opportunities for econometric modelling or statistical inference going beyond computing and comparing means and standard deviations. Since recently, however, experiments have used larger or richer samples, often bases upon representative samples from a broad population, creating a larger scope for econometric analysis.

Inhoud van de cursus (alleen in het Engels beschikbaar)

In this course, the following topics in the econometrics of economic experiments will be discussed (with the main references):

  1. Modelling the stochastic components of decision making: taking errors seriously;
  2. Econometric models of decision making with heterogeneous subjects (observed and unobserved heterogeneity);
  3. Sample selection, Laboratory samples and representative samples, and differences between socio-economic groups;
  4. Non-parametric identification of preferences and beliefs in games of proposal and responce;
  5. Collecting and using subjective probability data on beliefs.

Bijzonderheden (alleen in het Engels beschikbaar)

The course is exclusively for CentER Research Master- or PhD students.

Vereiste voorkennis

Solid background in micro-econometrics (for example, the course "Econometric Models in Economics" in the Research master's in economics programme).