Econ 2220: Topics in Experimental Economics

Readings for Lecture 6: Field versus Lab

 

Field Experiments

 

*Levitt, Steven D. and John A. List, “What do Laboratory Experiments Measuring Social Preferences tell us about the Real World,” Journal of Economic Perspectives, (2007), 21 (2): 153-174.

 

Harrison, Glenn and John A. List.  "Field Experiments," Journal of Economic Literature (2004), XLII (December): 1013-1059.

 

*Andersen, Steffen, Erwin Bulte, Uri Gneezy, and John A. List, “Do Women Supply More Public Goods than Men? Preliminary Experimental Evidence from Matrilineal and Patriarchal Societies,” American Economic Review, (2008), 98(2-P&P), pp. 376-381.

 

Levitt, Steven D. and John A. List, “Field Experiments in Economics: The Past, The Present, and The Future," European Economic Review, forthcoming, 2009.

 

Deaton, Angus, “Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development,” NBER Working Papers 14690, 2009

 

Heckman, J. and S. Urzúa, “Comparing IV with Structural Models: What Simple IV Can and Cannot Identify.” January 2009

Imbens ,Guido W. “Better LATE Than Nothing: Some Comments on Deaton (2009) and Heckman and Urzua” (2009)

 

Charitable giving and All pay auctions

 

Schram, A and S. Onderstal “Bidding to Give: An Experimental Comparison of Auctions for Charity,” International Economic Review, Vol. 50, No. 2, pp. 431-457, May 2009

 

Carpenter, Jeffrey, Jessica Holmes and Peter Hans Matthews. “Charity auctions: a field Experiment,” The Economic Journal, Vol. 118, No. 525, pp. 92-113, January 2008

 

Engers, Maxim and Brian McManus. “Charity auctions,” International Economic Review, Vol. 48, August 2007

 

Goeree, Jacob K., Emiel Maasland, A. Sander Onderstal and John L. Turner. 2005. “How (not) to raise money,” Journal of Political Economy, Vol. 113: 897-918. 

 

Benz, Matthias and Stephan Meier “Do People Behave in Experiments as in the Field? – Evidence from Donations”, Experimental Economics 11(3), 2008: 268-281.

 

Meier, Stephan “Do Subsidies Increase Charitable Giving in the Long Run? Matching Donations in a Field Experiment”, Journal of the European Economic Association, 5(6), 2007: 1203-1222.

 

Eckel, C., & Grossman, P. (2003). Rebates and matching: does how we subsidize charitable contributions matter? Journal of Public Economics, 8(3), 681–701.

Eckel, C., & Grossman, P. (2008, forthcoming). Subsidizing charitable contributions: a field test comparing matching and rebate subsidies. Experimental Economics.

 

Karlan, D., & List, J. (2007). Does price matter in charitable giving? Evidence from a large-scale natural field experiment. American Economic Review, 97(5), 1774–1793.

 

List, John, Introduction to field experiments in economics with applications to the economics of charity” Experimental Economics, 11(3), 2008

 

 

Discrimination

 

Fershtman, C., and U. Gneezy “Discrimination in a Segmented Society: An Experimental Approach,” Quarterly Journal of Economics, 2001, 351-377.

 

Bertrand, M and S. Mullainathan “Are Emily and Brendan More Employable than Latoya and Tyrone? Evidence on Racial Discrimination in the Labor Market from a Large Randomized Experiment,” with Marianne Bertrand, September 2004, American Economic Review.

 

List, John A.  “The Nature and Extent of Discrimination in the Marketplace: Evidence from the Field,” Quarterly Journal of Economics (2004), 119(1): 49-89.

 

Castillo, M., R. Petrie, M. Torero, and L. Vesterlund “Gender Differences in Bargaining: A Field Experiment”

 

 

Endowment Effect

 

List, J.A. “Does Market Experience Eliminate Market Anomalies?,QJE (2003)

 

 

Min max

 

Levitt, Steven D., John A. List, and David Reiley, “What Happens in the Field Stays in the Field: Professionals Do Not Play Minimax in Laboratory Experiments,” Econometrica, forthcoming, 2009.

 

Palacios-Huerta and Volij (2008) “Experientia Docet: Professionals Play Minimax in Laboratory Experiments,” Econometrica.

 

 

Professionals

 

Alevy, Haigh, and List (2006) “Information Cascades: Evidence From A Field Experiment With Financial Market Professionals,” The Journal of Finance.

 

Anderson and Shunder (1995) “Professional Traders As Intuitive Bayesians,” Organizational Behavior And Human Decision Processes.

 

Burns (1985) “Experience And Decision Making: A Comparison Of Students And Businessmen In A Simulated Progressive Auction,” in Research In Experimental Economics.

 

Cadsby and Maynes (1998) “Choosing Between A Socially Efficient And Free-Riding Equilibrium: Nurses versus Economics And Business Students,” Journal of Economic Behavior & Organization.

 

Carpenter and Seki (2005) “Do Social Preferences Increase Productivity? Field experimental evidence from fishermen in Toyama Bay,” IZA DP No. 1697.

 

Cooper, Kagel, Lo, and Gu (1999) “Gaming Against Managers In Incentive Systems: Experimental Results with Chinese Students and Chinese Managers,” The American Economic Review.

 

DeJong, Forsythe, and Uecker (1988) “A Note On The Use Of Businessmen As Subjects In Sealed Offer Markets,” Journal of Economic Behavior and Organization.

 

Dyer, Kagel, and Levin (1989) “A Comparison Of Naive And Experience Bidders In Common Value Offer Auctions: A Laboratory Analysis,” The Economic Journal.

 

Fehr and List (2004) “The Hidden Costs And Returns Of Incentives -- Trust And Trustworthiness Among CEOs,” Journal of the European Economic Association.

 

Haigh, Michael and List, John A. “Do Professional Traders Exhibit Myopic Loss Aversion?  An Experimental Analysis,” Journal of Finance, (2005), 60 (1): 523-534.

 

Kagel, John H. (1987) “Chapter 6: Economics according to the rats (and pigeons too): what have we learned and what can we hope to learn?” in Laboratory experimentation in economics: six points of view, edited by Alvin E. Roth (up to 6.2.2).

 

List, John A. and Michael Haigh. “A Simple Test of Expected Utility Theory Using Professional Traders,” Proceedings of the National Academy of Science (2005), 102(3): 945-948.

 

Montmarquette, Rulliere, Villeval, and Zeiliger (2004) “Redesigning Teams and Incentives In A Merger: An Experiment With Managers And Students,” Management Science.

 

Potters and van Winden (2000) “Professionals And Students In A Lobbying Experiment Professional Rules Of Conduct And Subject Surrogacy,” Journal of Economic Behavior & Organization.

 

 

Trust and Gift exchange

 

Gneezy, Uri, and John A. List. “Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments,” Econometrica, (2006), September, 74(5): 1365-1384.

 

Levitt, Steven D. and John A. List, “Homo economicus evolves,” Science, Feburary 15, 2008, 319(5865), pp. 909-910

 

List, John A., “The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions,” Journal of Political Economy, (2006), 114(1): 1-37.

 

 

Matching Mechanisms in the lab

 

Kagel, John H. and A.E. Roth, "The dynamics of reorganization in matching markets: A laboratory experiment motivated by a natural experiment," Quarterly Journal of Economics, February, 2000, 201-35.)

 

C. Nicholas McKinney, Muriel Niederle, and Alvin E. Roth, “The collapse of a medical labor clearinghouse,” American Economic Review, 95, 3, June, 2005,878-889.

 

Y. Chen and T. Sönmez "School Choice: An Experimental Study," Journal of Economic Theory, 127 (2006): 202-231

 

Niederle, Muriel and Alvin E. Roth, “Market Culture: How Norms Governing Exploding Offers Affect Market Performance,” American Economic Journal: Microeconomics, 2009, 2,1, 199-219.


 

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