Experiments in Economics: Playing fair with money 1st Edition

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ISBN-13: 978-0415476317
ISBN-10: 0415476313
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Editorial Reviews

About the Author

Ananish Chaudhuri is an Associate Professor of Economics at the University of Auckland, New Zealand.

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Product Details

  • Paperback: 272 pages
  • Publisher: Routledge; 1 edition (January 4, 2009)
  • Language: English
  • ISBN-10: 0415476313
  • ISBN-13: 978-0415476317
  • Product Dimensions: 6.1 x 0.6 x 9.2 inches
  • Shipping Weight: 14.9 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,121,382 in Books (See Top 100 in Books)

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6 of 6 people found the following review helpful By Herbert Gintis on May 12, 2009
Format: Paperback Verified Purchase
This is a well-written, no-nonsense, accessible introduction to experimental economics, with a strong bias towards experiments that illustrate the roots of human cooperation. The book does not presume that the reader has a background in game theory or economics, and provides a nice, short introduction to all the game theory that will be needed to understand experimentl games. The very first words in the Preface are "social norms and norm-driven behavior---such as notions of fairness, willingness to be generous towards strangers or cooperate with them---play a crucial role in a variety of economic transactions and have implications of economic theories."

Chaudhuri exhibits an enthusiasm for the material that is bound to be contagious to the student, but he is careful to be critical of results and he gives space for the critics of common interpretations of subject behavior in these games.

Chaudhuri thoroughly covers the ulitmatum game, various styles of the trust game, the public goods and common pool resources games, and gives an overview of coordination games. While discussing the dictator game, he wisely does not give it excessive play.

Finally, the book devotes considerable space to the application of the results of experimental games to social policy, and he illustrates some of the behaviors in real life that have been documented in the experimental laboratory.
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Experiments in Economics: Playing fair with money
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