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List of Contributors vii
General Preface ix
Introduction x
Addiction George Loewenstein Scott Rick 1
Altruism in experiments James Andreoni William T. Harbaugh Lise Vesterlund 6
Auctions (experiments) John H. Kagel Dan Levin 14
Behavioural economics and game theory Faruk Gul 23
Behavioural finance Robert Bloomfield 32
Behavioural game theory Colin F. Camerer 42
Behavioural public economics B. Douglas Bernheim Antonio Rangel 51
Collective choice experiments Rick K. Wilson 59
Coordination problems and communication Jack Ochs 64
Cross-cultural experiments Rob Boyd 68
Entitlements in laboratory experiments Sheryl Ball 73
Experimental economics Vernon L. Smith 75
Experimental economics, history of Francesco Guala 99
Experimental labour economics Armin Falk Simon Gächter 107
Experimental macroeconomics John Duffy 113
Experimental methods in economics Vernon L. Smith 120
Experimental methods in environmental economics Jason F. Shogren 137
Experiments and econometrics Daniel E. Houser 146
Field experiments John A. List David Reiley 151
Individual learning in games Teck H. Ho 157
Information cascade experiments Lisa Anderson Charles A. Holt 166
Intertemporal choice Christopher F. Chabris David I. Laibson Jonathon P. Schuldt 168
Laboratory financial markets Daniel Friedman 178
Market power and collusion in laboratory markets Douglas D. Davis 186
Mechanism design experiments Yan Chen John O. Ledyard 191
Preference reversals Chris Starmer 206
Prospect theory Graham Loomes 212
Public goods experiments Rachel T. A. Croson 221
Quantal response equilibria Jacob K. Goeree Charles A. Holt Thomas R. Palfrey 234
Reciprocity andcollective action Rajiv Sethi 243
Social preferences Jeffrey Carpenter 247
Trust in experiments Iris Bohnet 253
Value elicitation Glenn W. Harrison 258
Index 262
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Edmund Marcinkiewicz
reviewed Behavioural and Experimental Economics on April 24, 2013
Behavioural and Experimental Economics
This was a lecture that Russell wrote during the first world war, and thus, contained vital tokens of his political thought along with romantic language he used to encourage. I chose to read this because I am endlessly interested in Russell's critique of BOTH ideologies of conservatism and socialism. In these pages, one can find Russell's explicit denunciation of capitalism and the wage system (as he calls for it to be abolished) as well as his complete disregard for any form social organization resembling anarchy. He makes sweeping phycological observations about human nature (narrowing our desires down as humans to either Possessive vs. Creative) as well as unsubstantiated sociological observations about human interactions. Russell also does not find time to punctuate which institutions he feels are necessary or which aren't which could contribute effectively to his argument. As a statist and a liberal, Russell does little to add to contemporary thought regarding social democracy or welfare state promotion and instead perpetuates thinking along the lines of John Locke and Wilhelm Von Humboldt. The only difference, and its the reason why I love to read anything Russell wrote, is that he uses such beautiful, hopeful language for his visions of a future society. In short but poignant sections, he always finds conclusive sentences to mark this eloquent departure:
"There can be no final goal for human institutions; the best are those that most encourage progress toward others still better. Without effort and change, human life cannot remain good. It is not a finished Utopia that we ought to desire, but a world where imagination and hope are alive and active" (17).
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