Introduction to Experimental Economics Experiments in Behavioral Economics

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Introduction to Experimental Economics | Experiments in Behavioral Economics • This lecture introduces Experimental Economics, that is, the use of experiments in economics, especially in Behavioral Economics. • This is the bracnh of economics that deals with the use of experiments in economics. The insights from experimental economics are used in Behavioral Economics, Development Economics, Public Finance and Microeconomics. • #ExperimentalEconomics • #ExperimentsinEconomics • #behavioraleconomics #learningeconomics #mnadeemsarwar • 0:00 Introduction • 0:01 Experimental Economics • 0:17 Experiments in Economics - Traditional View • 6:18 Distinguishing Characteristics of Experiments in Economics • 8:45 Purpose of Experiments • 10:11 Establish Empirical Regularities as a basis for New Theory • 11:05 Testing Institutions and Environments • 11:52 Elicitation of Preferences • 13:03 Wind Tunnel Experiments

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