Syllabus, Experimental Economics Seminar, CERGE-EI, June 2013
Sean Crockett, Baruch College (City University of New York)
Course Outline
Date
Topic
Papers
7, 12, 15
Experiment
Tue, June 18
Risk and the Endowment Effect I
7
Thu, June 20
Risk and the Endowment Effect II
Mon, June 24
Reference Dependent Preferences in Markets
8, 13
8
Tue, June 25
Social Preferences I
4, 11
11
Tue, June 25
Social Preferences II
Wed, June 26
Static Repeated Experiments in General Equilibrium I
Wed, June 26
Static Repeated Experiments in General Equilibrium II
Thu, June 27
Learning Comparative Advantage in General Equilibrium
10
10
Fri, June 28
Dynamic General Equilibrium Asset Pricing I
3, 6, 14
14, 6 (linear)
Fri, June 28
Dynamic General Equilibrium Asset Pricing II
New design
New design
1, 2, 5, 9
9
1
6 (concave)
Bibliography
1. Christopher M. Anderson, Charles R. Plott, Ken-Ichi Shimomura and Sander Granat. Global
instability in experimental general equilibrium: The Scarf example. Journal of Economic Theory,
115:209-249, 2004.
2. Elena Asparouhova, Peter Bossaerts and John O. Ledyard. Price formation in continuous double
auctions; with implications for finance. Working paper, 2011.
3. Elena Asparouhova, Peter Bossaerts, Nilanjan Roy and William Zame. Experiments with the Lucas
Asset Pricing Model. Working paper, 2013.
4. David J. Cooper and John H. Kagel. Other regarding preferences: A selective Survey of
Experimental results. Working paper, 2009.
5. Sean Crockett. Price dynamics in general equilibrium experiments. Journal of Economic Surveys,
forthcoming.
6. Sean Crockett and John Duffy. An experimental test of the Lucas tree asset pricing model. Working
paper, 2013.
7. Sean Crockett and Erin Fairweather. Small-stakes risk aversion and the endowment effect. Working
paper, 2013.
8. Sean Crockett and Ryan Oprea. In the long run we all trade: Reference dependence in dynamic
economies. Working paper, 2013.
9. Sean Crockett, Ryan Oprea and Charles Plott. Extreme Walrasian dynamics: The Gale example in
the lab. The American Economic Review, 101(7):3196-3220 2011.
10. Sean Crockett, Vernon Smith and Bart Wilson. Exchange and specialisation as a discovery process.
The Economic Journal, 119:1162-1188.
11. Raymond Fisman, Shachar Kariv and Daniel Markovits. Individual preferences for giving. The
American Economic Review, 97(5):1858-1876, 2007.
12. Charles A. Holt and Susan K. Laury. Risk aversion and incentive effects. The American Economic
Review, 92(5):1644–1655, 2002.
13. Botond Kőszegi and Matthew Rabin. A model of reference-dependent preferences. Quarterly
Journal of Economics, 121(4):1133–1165, 2006.
14. Vernon L. Smith, Gerry L. Suchanek, and Arlington W. Williams. Bubbles, crashes, and
endogenous expectations in experimental spot asset markets. Econometrica, 56(5):1119-1151, 1988.
15. Charles Sprenger. An endowment effect for risk: Experimental tests of stochastic reference points.
Working paper, 2011.