Roth, Alvin E. “Laboratory experimentation in economics: A methodological overview." The Economic Journal 98.393 (1988): 974-1031. [PDF] [PDF2]

 

Laboratory experimentation in economics

Roth, Alvin E. “Laboratory experimentation in economics." Economics & Philosophy 2.2 (1986): 245-273. [PDF]

==original abstract==

TBD

 

 

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Article: 5G 競標第 5 天,第 42 回合暫總標金 346.86 億元

5G 競標第 5 天,第 42 回合暫總標金 346.86 億元

https://flip.it/eGU-b3

5G 第一波釋照 10 日開始競標,底價訂為新台幣 300 億元,由於 28GHz 和 1800MHz 仍有區塊無業者出價,靠著最熱門的頻段 3.5GHz 競爭,暫時總得標金在第 23 回合超越底價 300 億元,業界認為這次的競標偏向冷靜、理性。

今天競標進入第 5 天,第 42 回合總標金為 346.86 億元,最熱門的頻段 3.5GH z暫得標金 336.56 億元,28GHz 的熱度提升,暫時得標 10 個區塊,暫得標金 10.3 億元,1800MHz 尚無人出手。

The economist as engineer: Game theory, experimentation, and computation as tools for design economics

Roth, Alvin E. “The economist as engineer: Game theory, experimentation, and computation as tools for design economics." Econometrica 70.4 (2002): 1341-1378. [PDF] [**]

==abstract==

Economists have lately been called upon not only to analyze markets, but to design them. Market design involves a responsibility for detail, a need to deal with all of a market’s complications, not just its principle features. Designers therefore cannot work only with the simple conceptual models used for theoretical insights into the general working of markets. Instead, market design calls for an engineering approach. Drawing primarily on the design of the entry level labor market for American doctors (the National Resident Matching Program), and of the auctions of radio spectrum conducted by the Federal Communications Commission, this paper makes the case that experimental and computational economics are natural complements to game theory in the work of design. The paper also argues that some of the challenges facing both markets involve dealing with related kinds of complementarities, and that this suggests an agenda for future theoretical research.

KEYWORDS:Market design, game theory, experimental economics, computational economics

Mindful economics: The production, consumption, and value of beliefs

Bénabou, Roland, and Jean Tirole. “Mindful economics: The production, consumption, and value of beliefs." Journal of Economic Perspectives 30.3 (2016): 141-64. [PDF] aeaweb.org

==YNY==

人類的 heuristics and biases (Tversky and Kahneman 1974)

  • over-confidence,
    (as discussed in a “Symposium on Overconfidence” in the Fall 2015 issue of this journal)
    YNY: moderate overconfidence can be helpful to enhance people’s ability to do things and interact with others successfully. Overoptimistic individuals often work more, save more, expect to retire later, and much healthier.
  • confirmation bias,
  • distorted probability weighting

本文回顧 growing literature on motivated beliefs and reasoning

 

==cited by Bruno S. Frey==

[This article] provides a most useful survey of recent insights of psychology but also makes a successful effort to integrate them into economics. They deal with heuristics and biases inconsistent with the standard homo oeconomicus such as over-confidence, confirmation bias, distorted probability weighting, and other cognitive mistakes.

The economics of two-sided markets

Rysman, Marc. “The economics of two-sided markets." Journal of economic perspectives 23.3 (2009): 125-43. [aeaweb];[PDF][**]

==first para.==

At a local Best Buy, a child places a new Sony PlayStation 3 on the cashier’ scounter while the parents dig out their Visa card. The gaming system and the payment card may appear to have little connection other than this purchase. However, these two items share an important characteristic that is generating a series of economic insights and has important implications for strategic decision making and economic policy making. Both video game systems and payment cards are examples of two-sided markets.

如何得知期刊是否收錄於Web of Science資料庫?

引自臺大圖書館:http://tul.blog.ntu.edu.tw/archives/2598

可利用資料庫出版社提供的 Master Journal List 進行查找。茲將查找方式說明如下:【English version please see this article

1. 請連線Master Journal List網頁:http://mjl.clarivate.com/

2. 若欲瀏覽期刊收錄清單,請點選網頁下方的資料庫名稱。

SCIE 全稱為 Science Citation Index Expanded
SSCI 全稱為 Social Sciences Citation Index

以 Agricultural Finance Review 為例, 蒐尋結果如下

 

Theory and experiment: What are the questions?

Smith, Vernon L. “Theory and experiment: What are the questions?." Journal of Economic Behavior & Organization 73.1 (2010): 3-15. [PDF];[my notes]

==YNY==

Smith 提到了 OPM (other person’s money) 問題,可以用以下的方式解決

We could give the constant positive sum ultimatum game economic content as follows: Each player provides $M of his own money. Some procedure is used for pairing the subjects, and determining who is to be Player 1 and who Player 2; this procedure in some variations might incorporate an earned and/or investment feature. It is understood that their pairing has economic significance in the sense that there are synergistic gains from the interaction equal to some fixed sum y > 2M. The experimenter provides only the surplus above 2M which represents the gains from specialization and exchange, as this is the one reliable source of a “free lunch” that converts economic systems into non-zero sum games. Hence, the total to be shared under the property right rules of the game is 2M + y, making it feasible for each to receive a share of the jointly created net gain above their pooled initial contribution, 2M.