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Charles A. Holt

Markets, Games, and Strategic Behavior: An Introduction to Experimental Economics (Second Edition)

Markets, Games, and Strategic Behavior: An Introduction to Experimental Economics (Second Edition)

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  • More about Markets, Games, and Strategic Behavior: An Introduction to Experimental Economics (Second Edition)


Charles Holt's Markets,Games,and Strategic Behavior is an updated textbook that brings economic experiments into the classroom, featuring key experiments, accessible examples, and innovative applications from the lab and the field. It is the perfect book for undergraduate courses in experimental economics or behavioral game theory, with participatory experiments, self-contained chapters, and guidance for instructors on setting up classroom experiments.

\n Format: Hardback
\n Length: 696 pages
\n Publication date: 19 March 2019
\n Publisher: Princeton University Press
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Economics is rapidly evolving into an experimental discipline, and the most effective method for imparting knowledge from this research is to involve students in classroom simulations that stimulate subsequent discussions and readings. In this extensively revised and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, a prominent figure in experimental economics, offers an unparalleled introduction to the study of economic behavior, structured around risky decisions, strategic games, and economic markets that can be replicated in the classroom. Each chapter is based on a crucial experiment, presented with accessible examples and just the right amount of 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 organization, 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 behavioral 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 behavioral 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 computer simulations

In conclusion, this expanded and updated second edition of Markets, Games, and Strategic Behavior is an essential resource for anyone interested in learning more about the experimental analysis of economic behavior. With its engaging and accessible style, it is ideal for undergraduate courses in experimental economics and behavioral game theory, as well as for researchers and practitioners seeking to apply experimental methods to real-world problems.

\n Weight: 1376g\n
Dimension: 190 x 263 x 49 (mm)\n
ISBN-13: 9780691179247\n
Edition number: 2 School edition\n

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