Three Essays on Experimental Economics

Author

Pintér, Ágnes

Director

Brandts, Jordi

Date of defense

2006-09-18

ISBN

8469017217

Legal Deposit

B-45831-2006



Department/Institute

Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica

Abstract

There was a time when the conventional wisdom was that, because economics is a science concerned with complex, naturally occuring systems, laboratory experiments had little to offer economists. But experimental economics has now become a well-established tool that plays an important role in helping game theory bridge the gap between the study of ideally rational behavior modeled in theory and the study of actual "real-world" behavior of agents. Although it has older antecedents, experimental economics is a fairly new line of work, having originiated more or less contemporaneously with game theory. As economist focused on microeconomic models which depend on the preferences of the agents, the fact that these are dificult to observe in natural environments made it increasingly attractive to look to the laboratory to see -in a controlled environment- whether the assumptions made about individuals were descriptive of their behavior. But game theory is the part of economic theory that does not focus solely on the strategic behavior of individuals in economic environments, but also other issues that will be critical in the design of economic institutions, such as how information is distributed, the influence of agents' expectations and beliefs, and the tension between equilibrium and efficiency. Game theory has already achieved important insights into issues sucs as the design of contracts and allocation mechanisms that take into account the sometimes counterintuitive ways in which individual incentives operate in environments with decision makers that have different information and objectives.<br/>This thesis is divided into three chapters that present self-contained studies of economic situations where experiments may help game theory to explain field observations. In deriving the results, besides the game theory literature, rigorous statistical and econometric methods are used.

Keywords

Game Theory; Experiments; Matching

Subjects

33 - Economics. Economic science

Knowledge Area

Ciències Socials

Documents

ap1de1.pdf

683.0Kb

 

Rights

ADVERTIMENT. L'accés als continguts d'aquesta tesi doctoral i la seva utilització ha de respectar els drets de la persona autora. Pot ser utilitzada per a consulta o estudi personal, així com en activitats o materials d'investigació i docència en els termes establerts a l'art. 32 del Text Refós de la Llei de Propietat Intel·lectual (RDL 1/1996). Per altres utilitzacions es requereix l'autorització prèvia i expressa de la persona autora. En qualsevol cas, en la utilització dels seus continguts caldrà indicar de forma clara el nom i cognoms de la persona autora i el títol de la tesi doctoral. No s'autoritza la seva reproducció o altres formes d'explotació efectuades amb finalitats de lucre ni la seva comunicació pública des d'un lloc aliè al servei TDX. Tampoc s'autoritza la presentació del seu contingut en una finestra o marc aliè a TDX (framing). Aquesta reserva de drets afecta tant als continguts de la tesi com als seus resums i índexs.

This item appears in the following Collection(s)