Some selected topics in experimental economics

Some selected topics in experimental economics

0.00 Avg rating0 Votes
Article ID: iaor19982265
Country: United Kingdom
Volume: 4
Issue: 3
Start Page Number: 165
End Page Number: 174
Publication Date: May 1997
Journal: International Transactions in Operational Research
Authors:
Keywords: relationships with other disciplines
Abstract:

This paper presents a new tendency and method of analysis in Operations Research and economics respectively. It does not only rely exclusively on the optimization approach, but is concerned with a realistic description and successful explanation of the real economic behavior with the help of experimental economics. This will be exemplified in terms of three topics of laboratory experimentation which have been conducted by the author: bargaining behavior, economic stabilization, and forecasts as representativeness heuristics. Good predictors and generally valid heuristics can be given for the outcomes of the experiments in all three fields of research.

Reviews

Required fields are marked *. Your email address will not be published.