INTRODUCTION TO EXPERIMENTAL ECONOMICS by Gautam Gupta (Grade - C)
An Introduction to Experimental Economics by Gautam Gupta is an accessible academic introduction to the theory, methodology, and practical application of experimental economics. Published by Orient BlackSwan, the book explains how economists use controlled experiments with human participants to test economic theories and investigate actual decision-making behavior. The ISBN 9788125060796 corresponds to the 2015 paperback edition, which is listed at 224 pages.
The book introduces students to experiments involving strategic decision-making, public goods, individual choices under uncertainty, and different experimental designs. It discusses games such as the Prisoner's Dilemma, Ultimatum Game, and Trust Game, as well as public-goods experiments and lottery-choice experiments. It also covers field and natural experiments, non-monetised experiments, experimental protocols, and the effects of community, caste, religion, and multicultural environments on economic behavior.
A particularly practical feature is its discussion of experimental methodology and protocol, including an introduction to z-Tree, an open-source software platform used for conducting computerized economic experiments. The book is therefore useful for students and researchers interested in testing economic theory empirically and understanding how real human behavior can confirm or challenge theoretical predictions.
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