Serial Number
43967
Course Number
ECON5112
Course Identifier
323 U8110
No Class
- 3 Credits
Elective
DEPARTMENT OF ECONOMICS / GRADUATE INSTITUTE OF ECONOMICS
DEPARTMENT OF ECONOMICS
GRADUATE INSTITUTE OF ECONOMICS
Elective- JOSEPH TAO-YI WANG
- View Courses Offered by Instructor
COLLEGE OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS
josephw@ntu.edu.tw
- 社科院大樓754室
02-33668411
Website
http://homepage.ntu.edu.tw/~josephw/
- Please go to my teaching webpage for the most updated information: http://homepage.ntu.edu.tw/~josephw/teaching.htm
- Fri 7, 8, 9
社科306
Type 1
32 Student Quota
NTU 30 + non-NTU 2
Specialization Program
Public Opinion Analysis/ Data Science for Political Science
- English
- NTU COOL
- Core Capabilities and Curriculum Planning
- NotesThe course is conducted in English。
- Limits on Course Adding / Dropping
Restriction: juniors and beyond or Restriction: MA students and beyond or Restriction: Ph. D students
NTU Enrollment Status
Enrolled0/30Other Depts0/4Remaining0Registered0- Course DescriptionThis is an upper division and graduate level course on experimental economics, focusing on behavioral game theory. The purpose is to introduce experimental economics to students so they can start their own research in this field. You are also expected to perform replication and present them.
- Course ObjectiveSpecific goals of this course include: 1. Introduction to Experimental Economics: After this class, students are expected to name classic experiments in each field of behavioral game theory and describe how their results affirm or differ from economic theory and field data. 2. Evaluate Current Research: After this class, students are expected to develop the ability to read journal articles in experimental economics and evaluate their quality. Each week students are expected to read assigned journal articles, complete problem sets in preparation for the final quiz. They will also form groups to present one paper in class and replicate its results in a final report. 3. Experimental Design: After this class, students are expected to understand how experiments are run and designed. Students may also write a research proposal to: a. Propose an economic experiment (and write sample instructions) which has: i. Real Incentives (so choices have real consequences), ii. A Good Control Group (to compare with Treatment group), iii. Random Assignment (to the Treatment and Control groups), iv. No deception (to establish reputation so real incentives are believed). b. Argue why should we care about this experiment and why the experiment is designed this way (compared to other possible designs), and, c. Relate your experiment to existing literature (if any) and describe expected results and/or methods to analyze the data with appropriate power analysis.
- Course RequirementIntermediate microeconomics or game theory is the pre-requisite of this course, though graduate microeconomic theory and/or undergraduate analysis is a plus.
- Expected weekly study hours after class15
- Office Hour
Fri 17:20 - 18:00 Friday 17:20-18:00pm after class or by email appointment
- Designated Reading1. Camerer (2003), Behavioral Game Theory, Princeton University Press. (BGT) 2. Moffatt (2019), Experimetrics Lecture Notes for NTU mini-course. (EMT) 3. Weizsäcker (2023), Misunderstandings, OpenBook Publishers. (MU)
- References1. Holt (2019), Markets, Games and Strategic Behavior: An Introduction to Experimental Economics, 2nd ed., Princeton University Press. (Undergraduate; Holt) 2. Moffatt (2016), Experimetrics: Econometrics for Experimental Economics, Palgrave. 3. Riley (2012), Essential Microeconomics, Cambridge University Press. (EM). 4. Mas-Colell, Whinston and Green (1995), Microeconomic Theory, Oxford UP. (MWG) 5. Kagel and Roth, ed. (1995, 2016), Handbook of Experimental Economics, Vol. 1 and Vol. 2, Princeton University Press (EE1, EE2). 6. Capra, Croson, Rigdon and Rosenblat, ed. (2020), Handbook of Experimental Game Theory, Edward Elgar Publishing. (EGT)
- Grading
15% Group Replication
Present replication results for an assigned experimentric method and submit replication report (15%, report due 6/6). To exceed the instructor’s expectations and receive A+, you are required to discuss in my office hours, present and submit your experimental proposal (<4 pages) instead of the replication report (also due 6/6).
35% Group Presentation
20-minute oral presentation of one book chapter (15%) and one research article (15%) and providing weekly feedback to others (5%).
50% Midterm and Final Quiz
Weekly problem sets in BGT are assigned, which questions (randomly) selected to appear in the midterm (3/21) and final quiz (5/23).
- Adjustment methods for students
Adjustment Method Description Teaching methods Assisted by video
- Course Schedule
2/21Week 1 2/21 Experimental Economics and Behavioral Game Theory (BGT, Ch.1; Holt; Wang) 2/28Week 2 2/28 National Holiday: Watch videos on Experimetrics and Power Analysis [EMT 1a] 3/7Week 3 3/7 Risk and Time Preferences (Holt, Ch.3); Basic Principles of Experimental Design (BGT, A1.2) 3/14Week 4 3/14 Social Preferences (BGT, Ch.2; HEE2, Ch.4; UG, DG, Trust; Lin-20) 3/21Week 5 3/21 Midterm Quiz (on Homework for BGT, Ch.1-2 and Holt, Ch.3) 3/28Week 6 3/28 Mixed-Strategy Equilibrium (BGT, Ch.3) [EMT 1b/2], [MU-1/2] 4/3Week 7 4/3 Spring Break (no class) 4/11Week 8 4/11 Bargaining (BGT, Ch.4) [EMT 3abcd], [MU-3] 4/18Week 9 4/18 Dominant Solvable Games (BGT, Ch.5) [EMT 4ab], [MU-4] 4/25Week 10 4/25 Level-k Thinking (Crawford-13) [EMT 16ab] [MU-5] 5/2Week 11 5/2 Learning (BGT, Ch.6; HEE2, Ch.10); Estimating Learning [EMT 5abc, 18ab] 5/9Week 12 5/9 Coordination (BGT, Ch.7) [MU-6], [MU-7] 5/16Week 13 5/16 Signaling and Reputation (BGT, Ch.8) [MU-8], [MU-9/10] 5/23Week 14 5/23 Final Quiz 5/30Week 15 5/30 Dragon Boat Festival Weekend (Work on Replication Report/Proposal) 6/6Week 16 6/6 Replication Report/Final Proposal Due