Descriptif

Experiments are a great way to produce the kind of data required to answer specific economic questions. As a result, the use of experiments in economics has greatly increased over the last three decades. The class will provide a guided tour of noticeable experiments. Some standard experiments will be reproduced during the class and we will debate regarding the economic implications. Along the way, we will address important questions like what is a good descriptive model?, do results from the lab generalize to the field?, or can we predict what kind of experiments would scale up? Last, but not least, experiments are a great way to test and reconsider rationality assumptions often made in economics.