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Construct the methodology for behavior and experimental economic research PPT

Behavioral and experimental economics are actually a part of economics. They are actually a part of the emerging research programme and are not based on the assumptions of the previous neoclassical economics research programme. <br><br>Contact:<br>ud83cudf10: www.tutorsindia.com<br>ud83dudce7: info@tutorsindia.com<br>ud83dudcac(WA): 91-8754446690 <br>ud83cuddecud83cudde7(UK): 44-1143520021<br>

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Construct the methodology for behavior and experimental economic research PPT

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  1. CONSTRUCT THE METHODOLOGY FOR BEHAVIOR AND EXPERIMENTALECONOMIC RESEARCH AnAcademicpresentationby Dr.NancyAgnes,Head,TechnicalOperations,TutorsIndia Group www.tutorsindia.com Email:info@tutorsindia.com

  2. Today'sDiscussion OUTLINE Introduction Differencebetweenbehavioralandexperimentaleconomics Methodology Contribution offield and lab experimentstoeconomics Summary

  3. Introduction Behavioralandexperimentaleconomicsareactuallyapartof theeconomics. Theyareactuallyapartoftheemergingresearchprogrammes and are not based on the assumptions of the previous neoclassicaleconomicsresearchprogramme. The two, behavioral and experimental economics research originatefromthephyscologywithprimarilyemphasizingon criticizinghomo economicus.

  4. Apartfromcriticizing,behavioraleconomicsisalsomakingattemptstoinclude certainbehavioralassumptionsinthe newmodelsofhuman action. On the other hand, the classical approaches have their orientation towards the peripheryofeconomicssuchthatitrejectsthebasicneoclassicalprinciplesinsteadof makingan attempt to changethem. Theseapproachesinsistonfindinganalternativebranchofeconomicswhichhas closeassociation with othersocial sciences.

  5. Figure1Behavioraleconomics(Source:http://streetfins.com/intro-to-behavioral-economics/)Figure1Behavioraleconomics(Source:http://streetfins.com/intro-to-behavioral-economics/)

  6. Difference between behavioral and experimenta leconomics Behavioral economicsactually tries to make economics a muchadaptableandpowerfulsciencethatcanexplainhuman behavior. Itisdonewiththehelpoftwodifferentbutrelatedbranchesof science,psychologyand socialscience. Theinsightsfromthetwobranchesarecollectivelyincluded intoeconomicsforunderstandingthehumanbehavior. Contrarytothis,theexperimentaleconomicsusesmethods that are developed in the natural sciences to grab an understandingof humanbehavior. Contd...

  7. Contrarytothis,theexperimentaleconomicsusesmethodsthataredevelopedin thenaturalsciences tograb anunderstandingof humanbehavior. Theexperimentaleconomicresearchisactuallyhelpfulinidentifyingtheoutcomes of integrating the different insights from other branches such as psychology and socialscienceand knowingthatup towhat extentcanthey beuseful. [1]TomLane.HowDoesHappinessRelatetoEconomicBehavior?AReviewofthe Literature.JournalofBehavioralandExperimentalEconomics,Volume68. Bothbehaviouralandexperimentaleconomicsarenovelfieldsofresearchin economicsand bringup manyissues in economics. Contd...

  8. Despiteitsrecentevolution,itsabilitytohandleandexplainthedifferentissuesin economicshasbrought widespreadrecognition intherecent years. Behaviouraleconomicsaimstodescribehumansinamuchmorerealisticway, optimizingthe outcomesobtained fromeconomic model. Contrarytoit,theexperimentaleconomicsisanapproachthatusesexperimentsto gatheranswers tothe importantquestions in economics. Contd...

  9. Contd...

  10. Methodology Themethodologyforbehaviouraleconomicsiscategorized intofollowing: Labempirics(experiments) Fieldempirics Theory Contd...

  11. LABEMPIRICS: Labempiricsorexperimentsdescribetheauthenticityoftheresultsgathered. Theyexplainthesuitabilityofthespecificorgeneralmodelbeingusedandalso explaintheassociationoftheresultsgatheredwiththerealtimescenario. FIELDEMPIRICS: Contrary to the lab empirics, field empirics represent high dependence on associatingtheresultswithrealtimescenarioandlowdependenceontheusual modelbeingused. Contrarytothelabexperiments,inthefieldexperimentsitisdifficulttoknow aboutthereasonsofoccurrenceofcertainphenomena. Contd...

  12. THEORY Itisnecessarytoidentifythedifferentpredictionssoasnottoacceptthe ongoingtrends. Itshouldnotbethatthecandidatedoesnotgiveimportanceordoesnot considertherationalexplanations. Ontheotherhand,rationalexplanationsshouldnotbeacceptedcasually. Oneshouldunderstandthemcarefully. Contd...

  13. [1]KelseyCHample.ExperimentalMethodology:Assigningpro-socialgroupsinthe lab.JournalofBehavioralandExperimentalEconomics,Volume88,October2020. [1]Santos,Ana.(2011).Behaviouralandexperimentaleconomics:Aretheyreally transforming economics?. Cambridge Journal of Economics. 35. 705-728. 10.1093/cje/beq049. InterestingBlog:Macro-EconomicChallengeInTheGlobalEconomy-Possible ResearchAreasFor YourPostgraduateEconomic Dissertation Contd...

  14. Contribution of field and lab experiments toeconomics Theexperimentalapproachisbasedoncreatingtheoriesthat canbetestedonthebehaviourofeconomic agents. While there are several statistical tools that identify certain theories by making use of data observed, in some cases the datadoesnotacceptsalltheassumptionsthatarenecessary toperform theexperiments. Similartobehaviouraleconomics,themethodologyof experimental economics also considers field and lab experiments. Experimentaleconomicsisactuallyhelpfulinidentifyingthe existingtheoriesand rectifythefalse ones. Contd...

  15. Thishelpstooptimizethenewinsightsforadvancingtheeconomictheoryandaims atimproving the policyrecommendations. Experimentaleconomicswaspreviouslylimitedandnowhasspreaditsareain differentfieldsofeconomics,suchaspoliticaleconomy,publiceconomyetc.

  16. Summary Fromtheabovediscussion,itcanbeassertedthatboth behavioural and experimental economics research are gaining widespread recognition due to their efficiency and usefulness it thefield of economics. Whilebehaviouraleconomicsaimsatunderstandingthe behaviour of humans, the experimental economics research is based on conducting experiments for validating the existing or classicaltheories. It aims at rectifying the classical theories and developing new theoriesonthe basisofexperiments conducted. Contd...

  17. Thebehaviouraleconomicsintegratestheideasfrompsychologyandsocialsciences tounderstand andmodel thehuman behaviourin a betterway. Manyscholarsareattractedtowardsthisbranchofeconomicsandhavepublished theirworksin thefield ofbehavioural andexperimental economics.

  18. Tutors India offers Economics dissertation topics on Micro and Macroeconomics, International Economy, Financial Economics, Labour and Demographic Economics andothers. [1] Shastitko, Anastasia. (2017). Behavioral Economics: Application of the Methods of CognitivePsychologytoEconomics.SocialSciences.48.142-151. 10.21557/SSC.48907824.

  19. CONTACTUS UNITEDKINGDOM +44-1143520021 INDIA +91-4448137070 EMAIL info@tutorsindia.com

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