International Conference on Eurasian Economies

10-12 July 2017 – Istanbul, TURKEY

Paper detail

Paper ID : 1888
Status : Paper published
Language : English
Topic : Macroeconomics
Presenter: Asst. Prof. Dr. Aslı Cansın Doker
Session : 1A Growth & Development

Effectiveness of Experimental Approaches in Economics: A Case of Ultimatum Games Experiments
Effectiveness of Experimental Approaches in Economics: A Case of Ultimatum Games Experiments

• Prof. Dr. Yusuf Akan (Atatürk University, Türkiye)
• Asst. Prof. Dr. Aslı Cansın Doker (Erzincan Binali Yildirim University, Türkiye)

Abstract

In economics theory literature, it has been a crucial question whether experiments can be helpful to test theory in laboratory. Since late 1940s experimental methods has been found useful in economics however there is still some doubts about unbiasedness, ability to test. The essential of economics theory is related to mathematics resulted of this deductive reasoning to inductive one with using time series data and statistical analysis. Additionally, generally in experiments and its sessions, undergraduate or graduate students are generally chosen as participants by researchers, this brings several doubts and questions together such as reliability on their choices, power of explanation and also restrictions about rationality of players which are decision makers as individual. After the 1950s with the introduction of game theory, experimental methods have been strong placed in the research. Especially market designs, rationality and behavioral design have been subjected to experiments. However, it is still crucial question whether those experimental methods could be effective or not. This study will be discussed experimental methodology with game theoretical approach using trust and ultimatum games perspective. In addition, giving the structure of the sessions and experiments, the regulations and steps will be figure systematically. This study will be discussed rational individual decision making process and try to explain how chosen games can be lasted more effective.

JEL codes: D01, C93, C91

Akan, Yusuf, Doker, Aslı Cansın (2017). "Effectiveness of Experimental Approaches in Economics: A Case of Ultimatum Games Experiments " in Proceedings of International Conference of Eurasian Economies 2017, pp.33-37, Istanbul, TURKEY.

DOI: https://doi.org/10.36880/C08.01888

Full paper in PDF format.

Session 1A: Growth & Development