Experiments in Economics

It is now widely accepted that in economics, the experimental method can be used to generate economic data under controlled conditions for use in theory testing, theory suggesting and policy recommendation. Experiments in Economics will be the first textbook in the subject and provides an elegant overview of the achievements and possibilities of the field for advanced undergraduate and graduate students and professional economists. Following an introductory discussion of the methodological issues, John Hey provides insightful accounts of particular experimental investigations covering individual and interactive behaviour and testing game and bargaining theory, decision-making under uncertainty, auctions and markets. The book will unquestionably be used and will do much to confirm experimental economics as a key tool for the economist.