Ph.D. in Economics University of Siena

 Course: Decision Theory

Individual Choice Behavior in the Laboratory
 

Alessandro Innocenti
alessandroinnocenti@live.it

Outline
 

• Laboratory methods

 

• Conceptions of rationality

 

• Choice anomalies

 

• Cognitive economics

 

• Neuroeconomics

 

• Virtual Experiments

• Behavioral Decision-Making

   SLIDES 2011  

    EXAMS 2008   2009   2010  

    COURSE MATERIAL 2011     

Main references

• D. Friedman, S. Sunder, Experimental methods. A primer for economists, Cambridge: Cambridge University Press, 1994

• G. Loewenstein, S. Rick, J. D. Cohen, Neuroeconomics,  Annual Review of Psychology, 2008, 59:647–72

Other references

• Berg, Joyce, Dickhaut John and McCabe, Kevin, Trust, Reciprocity, and Social History Games and Economic Behavior, 1995.

• Camerer, Colin - Loewenstein, George- Prelec, Drazen, “Neuroeconomics: How Neuroeconomics can inform economics”, Journal of Economic Literature 2005.

• Camerer, Colin F. Behavioral Game Theory. Experiments in Strategic Interaction, New York and Princeton University Press, Princeton, 2003.

• Davis, Douglas D. -  Holt, Charles A. Experimental Economics, Princeton University Press, Princeton, 1993.

• Fiore, Stephen M. - Harrison, Glenn W. - Hughes, Charles E. - Rutstrom, E.Elisabet, "Virtual experiments and environmental policy", Journal of Environmental Economics and Management, 2009

• Friedman, Daniel - Cassar, Alessandra. Economics Lab. An intensive course in experimental economics, Routledge, London and New York, 2004.

• Innocenti Alessandro, Lattarulo, Patrizia, Pazienza Maria Grazia, "Heuristics and Biases in Travel Mode Choice", 2009.

• Jones, Martin – Sudgen, Robert. “Positive confirmation bias in the acquisition of information”,Theory and Decision, 50, 2001, 59-99

• Kagel, John H. - Roth, Alvin E. The Handbook of Experimental Economics, Princeton University Press, Princeton, 1997.

• Kahneman, Daniel - Tversky, Amos. “Prospect Theory: An Analysis of Decision under Risk”, Econometrica, 47, 1979, 263- 91

• Kosfeld, Michael, Markus Heinrichs, Paul J. Zak, Urs Fischbacher & Ernst Fehr “Oxytocin increases trust in humans“ Nature 2005

• Kuhnen Camelia M., Knutson, Brian “The Neural Basis of Financial Risk taking “ Neuron 2005

• McCabe, Kevin, Daniel Houser, Lee Ryan, Vernon Smith, and Theodore Trouard. ”A functional imaging study of cooperation in two-person reciprocal exchange” Proc. Nat. Ac. Sci. USA  2001

• Smith, Vernon. “Economics in the Laboratory”, Journal of Economic Perspectives, 8, 1994, 113-131.