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Markets, Games, and Strategic Behavior

An Introduction to Experimental Economics (Second Edition)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Markets, Games, and Strategic Behavior by Charles A. Holt offers a comprehensive introduction to experimental economics, focusing on economic behaviour through risky decisions, strategic games, and market experiments. This expanded second edition blends key experiments with clear theory and includes new research across topics like bargaining, social preferences, auctions, and voting. The book supports classroom simulations with hand-run procedures or free online software, and each chapter can be taught individually, making it ideal for undergraduate courses in experimental economics and behavioural game theory.
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Format: Hardback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is intended for undergraduate and master's students studying economics, particularly those focusing on experimental economics and behavioural game theory, as well as instructors seeking to incorporate interactive simulations into their teaching.

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First edition published: Boston: Pearson Addison Wesley, 2007.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom.

Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behaviour, organised around risky decisions, games of strategy, and economic markets that can be simulated in class.

Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organisation, public choice and voting, asset market bubbles, and auctions.

Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioural game theory.

New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis. Participatory experiments that connect behavioural theory and laboratory research. Largely self-contained chapters that can each be covered in a single class. Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software.

End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised by leading economists such as Alvin Roth, Guillaume R. Frรฉchette, and Charles Noussair, this book is recognised for its pioneering approach to experimental economics education. Commentators highlight its clarity, breadth of topics, and unique focus on teaching through experiments, calling it unmatched in the field and an excellent resource for undergraduates.

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Book Details

INFORMATION

ISBN: 9780691179247

Publisher: Princeton University Press

Format: Hardback

Date Published: 19 March 2019

Country: United States

Imprint: Princeton University Press

Edition: 2nd School edition

Illustration: 109 b/w illus. 116 tables.

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Width: 178.0mm

Height: 254.0mm

Weight: 250g

Pages: 696

About the Author

Charles A. Holt is the A. Willis Robertson Professor of Political Economy and director of the Veconlab at the University of Virginia. A founding coeditor of the journal Experimental Economics and former president of the Economic Science Association, he is also a coauthor of the graduate textbook Experimental Economics (Princeton).

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