Data Science

Experimental Economics

  • Type: Vorlesung (V)
  • Semester: WS
  • Lecturer:

    PD Dr. Jella Pfeiffer
    Dr. Verena Dorner

  • SWS: 2
  • Lv-No.: 2540489

See corresponding module information.

  • Strategische Spiele; S. Berninghaus, K.-M. Ehrhart, W. Güth; Springer Verlag, 2nd ed., 2006.
  • Handbook of Experimental Economics; J. Kagel, A. Roth; Princeton University Press, 1995.
  • Experiments in Economics; J.D. Hey; Blackwell Publishers, 1991.
  • Experimental Economics; D.D. Davis, C.A. Holt; Princeton University Press, 1993.
  • Experimental Methods: A Primer for Economists; D. Friedman, S. Sunder; Cambridge University Press, 1994.
Content of teaching

Experimental Economics have become a separate field in Economics. Nearly all fields of the economic discipline use economic experiments to verify theoretical results. Besides being used for empricial validation, this method is applied in political and strategic consulting. The lecture gives an introduction to experimental methods in economics and shows differences to experiments in natural sciences. Scientific studies are used to show exemplary applications.


The total workload for this course is approximately 135.0 hours. For further information see German version.


The students should learn

  • how to gain scientific experience and knowledge (philosophy of science),
  • how Game Theory and Experimental Economics influenced each other in scientific research,
  • about the methods as well as the strengths and weaknesses of Experimental Economics,
  • some examples of experimental research, such as markets and auctions, coordination games, bargaining, decision making under risk,
  • how to evaluate data.
Exam description

The assessment consists of a written exam (60 min) (according to §4(2), 1 of the examination regulation). By successful completion of the exercises (according to §4(2), 3 of the examination regulation) a bonus can be obtained. If the grade of the written exam is at least 4.0 and at most 1.3, the bonus will improve it by one grade level (i.e. by 0.3 or 0.4). The bonus only applies to the first and second exam of the semester in which it was obtained.