Ananish Chaudhuri's Experimental Economics Page

Ananish Chaudhuri's Experimental Economics Page

This page is intended to serve as a source of information about behavioral and experimental economics as well as a link to the pages of researchers involved in experimental work which includes not only economists, but political scientists and psychologists, among others.

I am an Associate Professor of Economics, in the Department of Economics at the University of Auckland.. If you wish to go to my personal home page, you can do so by clicking here. In case you are interested, you can look at my curriculum vitae here.


Among other things I teach a post-graduate course in Experimental Economics on a regular basis. The course is Economics 776: Experimental Economics. Here is a copy of the syllabus for this course from the first semester of 2007.

Below are the lecture slides for some selected topics for this course. I am deeply indebted to Ernst Fehr for sharing with me the slides from courses he teaches. In creating this teaching material I have often relied on some of his slides and often I have followed his lead in choosing papers and topics to discuss. Needless to mention any errors that have crept in are mine alone. The material here is quite idiosyncratic and reflects my own research interests. If you are teaching a graduate course in Experimental Economics you might find some of these slides useful. You are most welcome to use the slides. I would be grateful if you could acknowledge the source if indeed you use these slides for your own teaching purposes.

Introduction Norms and Preferences: Evidence Norms and Preferences: Theory
Public Goods Coordination Games Signalling Games
Market Experiments

Winter Week 2007: Between July 2 and 6, 2007 during Winter Week on the campus of the University of Auckland, I delivered a set of five one-hour long public lectures. Here are the slides for those lectures. A number of attendees at the event requested that I make these slides available. The recommendations for further reading are included in the slides for the fourth lecture on July 5, 2007 as well as those for the fifth lecture on July 6, 2007. I thank all those who attended and hope that you found the lectures stimulating and enjoyable.

Lecture 1 held on July 2, 2007 Lecture 2 held on July 3, 2007 Lecture 3 held on July 4, 2007
Lecture 4 held on July 5, 2007 Lecture 5 held on July 6, 2007

Here is a website where you can play the Prisoner's Dilemma Game. Based on our discussions in class you should find it interesting to check out the Prisoner's Dilemma Game. What strategy is your computerized opponent playing?

Links to Other Experimental Researchers:

One of the most noted proponents of experimental methods in economics is Vernon Smith who is currently at George Mason University. Smith established theEconomic Science Laboratory, which conducts many fascinating experiments, at the University of Arizona, which has other well-known experimental economists. In 2002 Smith won the Nobel Prize in Economics along with Daniel Kahnemann, a psychologist at Princeton University.

Another stalwart in this area is Al Roth at Harvard University. His page has a number of interesting links to Classroom Experiments as well as links to home pages of other experimental economists.Al Roth is the co-editor of the Handbook of Experimental Economics, along with John Kagel, of the Ohio State University.

Other noted experimental people at Harvard include David Laibson though Laibson is probably better categorized as a behavioral economist than an experimental economist per se.

Ohio State has other noted experimental economists as well such as Dan Levin.

Speaking of behavioral economics, one of the leading names in this area is Richard Thaler.

Andrew Schotter, of New York University, is a past President of the Experimental Economics Group (Economic Science Association). The ESA publishes its own journal Experimental Economics. At present the journal is edited by Tim Cason and Jordi Brandts.

A number of faculty at theDivision of Humanities and Social Sciences at Caltech are very well known. They include Charles Plott , Colin Camerer and John Ledyard, among others.

Ernst Fehr at the University of Zurich is the Director of the Institute for Emprical Research in Economics which has other noted experiementers such as Urs Fischbacher who has created a set of experimental software called Z-tree which is very popular, though I personally have never used it. Bruno Frey is there as well.

Charles Holt at the University of Virginia is not only a leading experimental economist, he has also set up the Veconlab Virtual Laboratory which provides a large collection of on-line games which are excellent for both teaching and research purposes. All you need to do is send Professor Holt an e-mail and register yourself as an user. I have used the website for both research and teaching purposes.

The Center for Research in Experimental Economics and Political Decision-Making in Amsterdam has a number of leading experimental economists including Frans van Winden, Arthur Schram and Arno Riedl.

For those of you who are interested in public goods experiments James Andreoni, at the University of California-San Diego, has contributed enormously to our understanding of such phenomena. some of Jim's students and active experimenters include Bill Harbaugh at the University of Oregon and Ragan Petrie at Georgia State.

The University of California at San Diego also has Vince Crawford, who is now an active experimenter as well as Uri Gneezy at the Rady School of Management.

The Economic Science Laboratory at the University of Arizona is a leading center of experimental economic research. The lab includes among its researchers Martin Dufwenberg, Ron Oaxaca, Amnon Rapoport, David Reiley, Stan Reynolds and John Wooders. I spent the summer of 1995 at the lab with a pre-doctoral fellowship and my interest in experimental economics stems from that visit.

James Cox used to be at the University of Arizona but is now at Georgia State.

One of the leading researchers in the area of coordination games is John van Huyck at Texas A&M.

Active experiementers at the University of Nottingham include Simon Gaechter, Martin Sefton and Chris Starmer.

If you are looking for some simple experiments that can be carried out in the classroom to illustrate key economic principles, then check out Classroom Experonomics, which is a newsletter published by Greg Delemeester, at Marietta College, and John Neral, at Frostburg State University.

Those interested in issues of altruism and reciprocity should, of course, know about Robert Axelrod of Yale University and his work. His recent book is about the Complexity of Cooperation. Also check out his earlier work on the Evolution of Cooperation.

As regards our discussion of Coordination Games, take a look at the Home Page of John Van Huyck, at Texas A&M.

Researchers in other disciplines are interested in behavioral economics as well. Howard Rachlin has been doing fascinating work with repeated play Prisoner's Dilemma Games along with colleagues in Experimental Psychology, at the SUNY-Stonybrook.

Economists and others have long been fascinated by the writings of Richard Dawkins

For those of you wondering "What is Game Theory?", David Levine's Page at UCLA may have some ansnwers.

For those of you (from a psych background) intersted in the economic behavior of children, you might want to take a look at the work of Bill Harbaugh, especially his discussion about simple experiments you can carry out with children.

Check out theStanford University Game Theory Link.

There is a Game Theory Society.

Ken Binmore has a page on Economic Learning and Social Evolution".

This page will be perpetually , since we will be putting more and more stuff on here as it relates to our research and interests in behavioral economics.

For questions or comments, Ananish Chaudhuri

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Last updated: April 3, 2007