Behavioral & Experimental Economics

Institution: Universität Hamburg, Fakultät für Betriebswirtschaft

Course Instructors: Prof. Dr. Markus Nöth and Prof. Dr. Guido Voigt (both UHH)

Course Value: 2 SWS/4 LP

Date: The course takes place on four Fridays in the summer term 2018: 6.4. / 20.4. / 18.5. / 6.7., 10-12.30h and 13.30-16h

Place: Universität Hamburg

Room: tba

Language of instruction: English

Registration: Please contact (first come, first-served)

Course Overview & Contents:
The course discusses the basic steps of performing behavioral research. We start with discussing critical assumptions of game theoretic models. We then show how research hypotheses can be inferred from behavioral models and how these hypotheses may be tested in lab studies. Critical design factors of laboratory experiments and the most commonly applied statistical tests will be presented.
We will further visit the Lab at the UHH while discussing options (e.g. eye-tracking) and limits
(e.g. subject pool, size of the lab) for conducting lab experiments at UHH. The course also provides an overview of commonly applied software tools that are used for behavioral modelling (Maple), software for computerized experiments (z-Tree), and statistical analysis (Stata). Ethical aspects of conducting laboratory experiments underpin the theoretical/fundamental part of this course.
Based on these theoretical foundations, participants are asked to design an experiment. The
presentations will be the basis for passing/failing the course. The topic of the experiment is
open. We may also suggest a topic. If this is the case, please send your research interest along
with the registration.

Prerequisites: Basic background in microeconomics, game theory and statistics.

Assessment: Assessment will be based on active participation. Grading for students
of University of Hamburg will be pass/fail.

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