Sunday, October 07, 2007

Lectures, Conferences and Seminars:

Monday, June 25, 2007

Summer Workshops:

Wednesday, May 30, 2007

Major Projects, Grants and Scholarship in Behavioral Economics:

Experimental Economics:

  • Introduction:

Experimental Economics is a related field to behavioral economics. Unlike behavioral economics which stress on deviation from traditional definition of rationality in economic decision, experimental economics tries to emphasis on rationality concepts. In other words, experimental economics is the usage of experimental methods that are common in social psychology to prove economic theorem. Here is wikiepedia definition of experimental economics. FAQs about Experimental Economics such as "Why is experimental economics important?", "Why is testing economic theory important?", "How are the experiments set up?", "What does experimental economics contribute to education?", "How does experimental economics contribute to public policy?" are answered here.

  • Introductory Articles in Experimental Economics:

V. Smith, (1994). "Economics in the Laboratory," Journal of Economic Perspectives 8(1), 113-131. (Web-published with permission.)
V. Smith, (1987). "Experimental Methods in Economics," The New Palgrave: A Dictionary of Economics, John Eatwell, Murray Milgate, and Peter Newman, reproduced with permission of Palgrave.
V. Smith, (1982). "Microeconomic Systems as an Experimental Science," American Economic Review 72(5), 923-955.

Al'roth provide a short history of the field that is interesting and useful.

A book entitled The Methodology of Experimental Economics written by Francesco Guala is completely accessable

  • Associations and Research Centers in Experimental Economics:

Economic Science Association is a professional organization devoted to experimental economics.

The Interdisciplinary Center for Economic Science (ICES) at George Mason University, USA. (Nobel Laurate Vernon Smith is head of this center)

Here (+, + and +) are long lists of experimental research centers.

  • Website/Weblogs in Experimental Economics:

Here is a page which contain links of many expermiental economics research centers.

Al Roth's Game Theory and Experimental Economics Page is a famouse and wellknown website which include usefull links in this topics.

  • Important Projects:

The European Network for the Development of Experimental Economics

French NETwork in EXperimental economics

  • Course Syllabus

A nice and comprehensive syllabus in behavioral and experimental economics by Prof. Dr. Martin Kocher can be find here.

  • Journals:

Experimental Economics Journal

Saturday, September 03, 2005


  • Introduction:

Neuroeconomics combines neuroscience, economics, and psychology to study how we make choices. It looks at the role of the brain when we evaluate decisions, categorize risks and rewards, and interact with each other. Here, you can find much more introductory information.An excellent introduction to Neuroeconomics for non-specialists, by Colin Camerer, is available here. An article entitled "Economics of Brain" which introduce neuroeconomics can be find here.

  • Associations and Research Centers in Neuroeconomics:
  1. The Center for the Study of Neuroeconomics(CSN) at George Mason University
  2. The Center for Neuroeconomics Studies
  3. Research Team Neuroeconomics
  4. Meuroeconomic Lab at Calthec
  5. The Society for Neuroeconomics
  • Introductory Articles in Neuroeconomics:
  1. Neuroeconomics: How Neuroscience Can Inform Economics written by Colin Camerer, George Lowenstein and Drazen Prelec.
  2. Neuroeconomics: Why Economics Needs Brain? written by Colin Camerer, George Lowenstein and Drazen Prelec.
  3. The Case for Mindless Economics written by Faruq Gul and Wolfgang Pesendorfer.
  4. A power point series to introduce Neuroeconomics could be found here.
  • Some Applications of Neuroeconomics:
  1. Neuroeconomic Foundations of Trust and Social Preferences, forthcoming in American Economic Review (written by Ernst Fehr, Urs Fischbacher and Michael Kosfeld)
  2. The Neural Basis of Altruistic Punishment written by Ernst Fehr, Science 305, 27 August 2004, 1254-1258
  3. The Neuroeconomics of Mind Reading and Empathy,American Economic Review - Papers & Proceedings 95(2005), 340-345 (written by Ernst Fehr and Tania Singer).
  4. Oxytocin increases Trust in Humans, NATURE 435, 2 June 2005, 673-676 (written by Ernst Fehr ,Michael Kosfeld, Markus Heinrichs, Paul Zak and Urs Fischbacher)
  • Websites, Weblogs in Neuroeconomics:
  1. There is a weblog concentrated on Neuroeconomics written by Terrence Chorvat in which any related news or information is declared. You can find it here.
  2. A webpage dedicated to Neuroeconomics is written by Richard Peterson
  3. A weblog about Neuroeconomics is written by Kevin McCabe

Thursday, September 01, 2005

Behavioral Game Theory:

  • Introduction

Behavioral Game Theory is a subfield of Behavioral Economics which uses experimental evidence to explain why people deviate from strategic and rational behaviors that are expected by Game Theory principles.

  • Course Syllabi:
  1. Here is a course syllabus in Behavioral Game Theory taught by Vincent Crawford
  • Introductory Articles concerning Behavioral Game Theory:
  1. Progress in Behavioral Game Theory written by Colin Camerer
  2. Behavioral Game Theory: Thinking, Learning and Teaching," written by Colin Camerer with Teck-Hua Ho and Juin Kuan Chong. (downloadable)
  3. "Functional EWA: A one-parameter theory of learning in games." Includes 4 more data sets not in May 2002 version. Ho, Teck-Hua; Colin F. Camerer; and Juin-Kuan Chong. Nov. 2002. May 2002 version (downloadable)
  4. Sophisticated EWA learning and strategic teaching in repeated games," written by Colin Camere with Teck-Hua Ho and Juin Kuan Chong. Journal of Economic Theory, May 2002, 104 (1), 137-188 (downloadable)
  • Basic Books in Behavioral Game Theory:
  1. Behavioral Game Theory : Experiments in Strategic Interaction (The Roundtable Series in Behavioral Economics) by Colin F. Camerer

Tuesday, August 30, 2005

Psychology of Judgment and Decision Making:

Sunday, August 28, 2005

Behavioral Finance:

  • Introduction:

Behavioral Finance is a branch of Behavioral Economic. The application of Behavioral Economics in Finance is called Behavioral Finance. It is based on the study of behavioral biases and their effects on financial markets, such as anomalies & inefficiencies on prices and returns. BF tries to detect and understand those biases / anomalies, and if possible to use them in investment strategies. Here is a short introduction to BF. Another nice introduction could be found here.

  • Introductory Article Concerning Behavioral Finance:
  1. Barberis , Nicholas and Richard H. Thaler (2003), “ A Survey of Behavioral Finance. ” In Handbook of the Economics of Finance. George M. Constantinides, Milton Harris, and Rene' Stultz editors. Elsevier Science, North Holland, Amsterdam.(downloadable)
  2. Thaler, R., 1999 "The End of Behavioral Finance", Financial Analysts Journal, 12-17.(downloadable)
  • Websites:

Here is a website about behavioral finance which include most related documents.

  • Basic Books in Behavioral Finance:
  1. Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics) by Andrei Shleifer
  2. Advances in Behavioral Finance (Paperback)by Richard H. Thaler (Editor)
  3. Advances in Behavioral Finance, Volume II (The Roundtable Series in Behavioral Economics) (Paperback)by Richard H. Thaler (Editor)
  4. Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing by Hersh Shefrin
  5. A Behavioral Approach to Asset Pricing by Hersh Shefrin
  6. Behavioral Corporate Finance by Hersh Shefrin

Introductory Articles Concerning Behavioral Economics:

Saturday, August 27, 2005

Basic Books in Behavioral Economics:

Course Syllabi of Behavioral Economic:

Wednesday, August 24, 2005

Associations and Research Centers in Behavioral Economics: