Prerequisites: EEC 528 or permission of instructor
Catalog Description: Controlled laboratory experiments to study economic theories, institutions, and policies. Provides an overview of experiment design and nonparametric data analysis. Applications include game theory, markets, public goods, and uncertainty.
Experiments are coming into increasing use as a tool for understanding environmental and natural resource use problems, and for evaluating and refining policies to address them. The primary objective of this course is to introduce you to the methodology of experimental economics, eventually enabling you to design and run your own experiments. You will develop familiarity with experimental approaches to a range of environmental problems, and a general sense of when and how results support economic assumptions, and when and why they do not. In doing so, you will develop skills in reading and critiquing articles, professional presentation, and project development. You will also be introduced through experiments to areas of research, such as game theory and mechanism design, not covered elsewhere in our curriculum.
By the end of the semester students will be able to:
This course is taught by multiple instructors, please refer to URI Course Schedule.
Experimental economics, while a relatively new field, is rapidly gaining traction and recognition among resource economists. This course will enable you to use experimental methods to approach various environmental issues and problems.