Experimental Economics Workshop Program

May 22-26, 2023

Morning session – Theory 9:00am to 12:30pm Afternoon session – Applications 2:00pm to 5:00pm Optional evening session 5:00pm to 6:30pm

 

May 22:
Survey Design and Experimental Economics with Carola Grebitus and Matt Rousu

Introduction to survey design; Introduction to experimental economics; Designing your own survey

May 23:
Auctions with Matt Rousu and Carola Grebitus

Introduction to auctions; Designing laboratory auction experiments; Combining auctions with survey instruments; Conducting a non-hypothetical, lab auction study; Analysis of auction data

May 24:
Choice experiments with Jayson Lusk and Vincenzina Caputo

Introduction to stated choice surveys and experimental design; Full and fractional factorial designs; Orthogonal and efficient designs; Designing a choice experiment with the experimental design software Ngene

May 25:
Choice modeling with Vincenzina Caputo and Jayson Lusk

Multinomial logit models; Mixed logit models; Willingness to pay models, Computer exercises with estimation software (Nlogit and Stata);

May 26:
Deriving recommendations with David Just and Rodolfo Nayga, Jr.

Interpretation of results; Depiction of results; Deriving recommendations for stakeholders. How to assess published evidence from the literature in light of strength of internal and external validity. This helps in creating policy recommendations, and in determining the strength of potential contributions to the literature. Final project presentations.

Note: The organizers reserve the right to adjust the program as needed.

Day Morning Schedule Afternoon Schedule Day 1: Survey design with Carola Grebitus Introduction to auctions; Theoretical background on attitudes, risk preferences, trust, personality; Validated scales to measure attitudes, risk preferences, general trust, personality Designing a questionnaire with “paper & pencil” and Qualtrics; Design own study I Day 2: Auctions with Matt Rousu and Carola Grebitus Introduction to auctions; Designing laboratory auction experiments; Combining auctions with survey instruments; Combining auctions with sensory tests Conducting a non-hypothetical, lab auction study; Design own study II Day 3: Choice experiments with Jayson Lusk and Vincenzina Caputo Introduction to stated choice surveys and experimental design; Full and fractional factorial designs; Orthogonal and efficient designs Designing a choice experiment with the experimental design software Ngene; Programming a choice experiment survey in Qualtrics; Design own study III Day 4: Modeling with Vincenzina Caputo and Jayson Lusk Tobit Model; Multinomial Logit; Mixed Logit; Willingness to Pay Models Computer exercises with estimation software (Nlogit and Stata); Design own study IV Day 5: Deriving recommendations & Study design with David Just, Vincenzina Caputo, and Carola Grebitus Interpretation of results; Depiction of results; Deriving recommendations for stakeholders. How to assess published evidence from the literature in light of strength of internal and external validity. This helps in creating policy recommendations, and in determining the strength of potential contributions to the literature. Presentation of own study design and feedback -->

Optional Weekend Program

Organization NOT included

Trips to Grand Canyon, Flagstaff, Sedona or Payson Trip to Tucson including the National Observatory on Kitt Peak Visit Prescott and Jerome (Ghost Town) Visit Montezuma Castle Visit local Craft Breweries Visit Desert Botanical Garden and Old Town Scottsdale Hiking in the local mountains Stand-up paddle boarding Find more information here: https://www.visitphoenix.com/