Rationality, Heuristics and Motivation in Decision Making: Tutorial Sessions

10-11 November 2010, Centro di Ricerca Matematica Ennio De Giorgi, Scuola Normale Superiore, Pisa


There will be two tutorials, each comprising of three 1.5 hrs sessions.

Experimental Economics
Lecturer: Giovanna Devetag
This tutorial intends to cover the fundamentals of the experimental method in economics, to provide a broad-brush overview of recent results in selected areas of research, and to briefly discuss the challenges and opportunities posed by innovative methods such as brain imaging studies and field experiments. The tutorial is geared toward an audience with little or no background in economics, and no previous exposure to the use of experimental methods in the social sciences.
1) The advantage of lab experiments: replicability and control
2) the design of experiments
3) main areas of research: markets, social preferences, strategic interaction
4) recent advancements: field experiments and neuroeconomics.
Chaudhuri, A. (2009), Experiments in Economics: Playing Fair with Money, Routledge.
Friedman, D., S. Sunder (1994), Experimental Methods: A Primer for Economists, Cambridge University Press, chapter 1-3.
Kagel, J., Roth, A. (1995), The Handbook of Experimental Economics, Princeton, Princeton University Press, chapter 1.
Murray Webster, Jr., Sell, J. (2007), Laboratory Experiments in the Social Sciences, USA, Elsevier.
Decision Theory
Lecturer: Marco LiCalzi
This tutorial covers the fundamentals of decision theory. We highlight the main themes in the hope that you can make up what is missing by reading (at least) one of the two general-purpose introductions written by two giants of the field. The tutorial is geared towards scholars who do not have a strong background in economics.
1) INDIVIDUAL CHOICES: Feasibility and constraints - Utility Maximization - Rationality and emotions
2) RISK AND UNCERTAINTY: Expected utility - Target-based approach - Bayesian decisions
3) GROUP CHOICES Aggregation of preferences - Utilitarianism - Strategic interactions
I. Gilboa (2010), Rational Choice, The MIT Press
K. Binmore (2009), Rational Decisions, Princeton University Press

Provisional Timetable


10 November

11 November

10:00 - 11:15   Decision Theory 1
11:15 - 11:45   Coffee break
11:45 - 13:00   Experimental Economics 3
12:30 - 13:00 Registration  
13:00 - 15:00 Lunch
15:00 - 16:15 Experimental Economics 1 Decision Theory 2
16:15 - 16:45 Coffee break
16:45 - 18:00 Experimental Economics 2 Decision Theory 3

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Participation is free of charge but registration is strictly mandatory. To register please fill in this form by 5 november 2010.

If you also intend to register for the Rationality, Heuristics and Motivation workshop, just indicate 10/11/2010 - 14/11/2010 in the field labelled Visit details.

Please address any queries regarding registration to crm@crm.sns.it

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