Behavioral Economics: Week 9

Topic: Bargaining and Game Theory: Interdependent Decisions

Week 9 Required Readings and Videos:

Camerer, Colin and Richard H. Thaler. 1995. "Anomalies: Ultimatums, Dictators and Manners." The Journal of Economic Perspectives. Vol. 9(2): 209-219.

Henrich, Joseph, Robert Boyd, Samuel Bowles, Colin Camerer, Ernst Fehr, Herbert Gintis and Richard McElreath. 2004. "In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies." American Economic Review, Vol. 91(2): 73-78.

Kahneman, Daniel. Jack L. Knetsch and Richard H. Thaler. "Fairness and the Assumptions of Economics." in The Journal of Business. Vol. 59(4): S285-S300.

Videos:  Multiple PD Equilibria?, Milton Freidman on Greed and Capitalism.

Pro-Social Monkeys (watch entire video -- 20 minutes)

Lab Experiments: Matrix Games, Read AFTER Class: Holt Chapter 3

Ultimatum and Dictator Games, Read AFTER class: Holt Chapter 12 

Powerpoints: Powerpoint on Game Theory, The Ultimatum Game

 Other: Student Notes on Game Theory

Week 9 More Detailed Background Readings*

*Note: these readings are NOT required for the class, but are provided here for your own interests and/or for research projects etc. If, for example, you find a particular idea that you want to focus on (in your research or otherwise) you can come back to these articles.