Michalis Drouvelis introduces students to one of the key areas of behavioural economics - social preferences. He explains in clear, untechnical language how experimental research in this area has provided economists with much greater understanding of economic behaviour.
Each chapter examines how a particular group of experiments have been used by behavioural economists to shed light on the processes of economic decision making. These include bargaining games, trust games and public good games. The significance of determinants such as punishment, sanctioning, emotion, cooperation, reciprocity, leadership, framing and cross-cultural differences are also explained and students will gain the understanding needed to replicate the experiments themselves.
Social Preferences: An Introduction to Behavioural Economics and Experimental Research
1. Introduction
2. Bargaining games
3. Trust games
4. Public good games I
5. Public good games II
6. Leadership and followship
7. Sanctioning
8. Cross-cultural experiments
9. Conclusion
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