This is an experimental study in economics of mandated benefits. Most individuals who have health insurance in the US obtain it through their employer. Some states either have or are considering government mandates that require employers to provide insurance to all full-time workers. We use an experimental laboratory to investigate possible effects of alternative health insurance regulations on...

This chapter surveys experimental research on networks in economics. The first part considers experiments on games played on networks. The second part discusses experimental research on markets and networks. It concludes by identifying important directions for future research.

Based on the theory of Complexity Adaptive System (CAS) and methods of experimental economics, using Multi-Agent-Based Simulation, we build a model of the network externality product market with the platform Netlogo3.1.2, analyze the macroscopic consumers’ behavior, find out the important aspects that influence the spreading of products and the proper strategies of enterprises during this proce...

The main purpose of rational choice theory is to lay out in clear and transparent terms what conditions are necessary and/or sufficient for the validity of statements about consistent human behavior. Strong criteria for rationality are ‘wrong’ if understood as a positive description. However, their very strength provides a sharp guide for experimental social science’s project of mapping the pro...

This target article is concerned with the implications of the surprisingly different experimental practices in economics and in areas of psychology relevant to both economists and psychologists, such as behavioral decision making. We consider four features of experimentation in economics, namely, script enactment, repeated trials, performance-based monetary payments, and the proscription agains...

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twentysix member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The theoretical core of behavioral economics made up of the work of these seven researchers is positioned in oppo...

The purpose of the study was to verify, through the use of an experimental method, the assumption that the ‘economic human’ pays more attention to the externality he/she causes as the strength of externality increases. We used a social-experiment design within an undergraduate classroom to test assumptions, using statistical method. A lakeside plant was used as an example. Our results confirmed...