Cover EXPERIMENTS IN ECONOMICS: DECISION MAKING AND MARKETS

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Leseprobe

EXPERIMENTS IN ECONOMICS: DECISION MAKING AND MARKETS

Name: EXPERIMENTS IN ECONOMICS: DECISION MAKING AND MARKETS
Author: John D Hey

Decision Making and Markets

John D Hey

EPUB

ca. 139,99 €

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World Scientific Publishing Company

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

This book provides the most important publications of John D Hey over his almost 50-year career in academia, concentrating primarily on his publications in the field of experimental economics. This is a field that has grown dramatically over the last 30 years, and John D Hey has contributed significantly to its growth and development. The papers included in this volume cover the whole range from individual decision making, both static and dynamic under risk and uncertainty, through games, bargaining and auctions, to markets. The author has contributed in all these fields, and has pioneered much new methodology.

Sample Chapter(s)
Introduction
My Experimental Meanderings
Chapter 1: Mixture Models of Choice Under Risk

Contents:

Preface
About the Editor
Acknowledgements
Introduction
My Experimental Meanderings
Risk:
- Mixture Models of Choice Under Risk
- Does Repetition Improve Consistency?
- Investigating Generalizations of Expected Utility Theory Using Experimental Data
- Discriminating between Preference Functionals: A Preliminary Monte Carlo Study
Ambiguity:
- When and How to Satisfice: An Experimental Investigation
- The Explanatory and Predictive Power of Non Two-Stage-Probability Theories of Decision Making Under Ambiguity
- Assessing Multiple Prior Models of Behaviour Under Ambiguity
- The Descriptive and Predictive Adequacy of Theories of Decision Making Under Uncertainty/Ambiguity
Dynamics:
- Strategies in Dynamic Decision Making — An Experimental Investigation of the Rationality of Decision Behaviour
- Dynamic Decision Making: What Do People Do?
- Naive, Resolute or Sophisticated? A Study of Dynamic Decision Making
- How Far Ahead Do People Plan?
Noise:
- Why We Should Not Be Silent about Noise
- Comparing Theories: What Are We Looking For?
- Are Preference Reversals Errors? An Experimental Investigation
- Which Error Story is Best?
- Experimental Investigations of Errors in Decision Making Under Risk
Multi-Agent Models:
- Does Money Impede Convergence?
- What Price Compromise?
- Experimental Evidence on English Auctions: Oral Outcry Versus Clock
- Do Markets Drive Out Lemmings — or Vice Versa?

Readership: Graduate students and researchers in the field of experimental economics.
Experimental Economics;Risk;Ambiguity;Markets;Auctions;Bargaining;Econometrics;Methodology0 Key Features: