{"id":439,"date":"2018-06-12T12:06:23","date_gmt":"2018-06-12T11:06:23","guid":{"rendered":"http:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/?page_id=439"},"modified":"2018-11-29T12:49:41","modified_gmt":"2018-11-29T12:49:41","slug":"introduction-to-experimental-economics","status":"publish","type":"page","link":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/introduction-to-experimental-economics\/","title":{"rendered":"Introduction to Experimental Economics"},"content":{"rendered":"<p>Early on the second day, we had a lecture on \u2018<strong>Experimental Economics<\/strong>\u2019, taught by <strong>Professor Geng Son<\/strong>. In this lecture Prof. Geng led us through a number of Economic scenarios or experiments. \u00a0One of these experiments was Elsburgs 1961 experiment, involving a number of coloured balls, ending with each person in the class effectively having to decide on a safe or risky option. These experiments helped us\u00a0understand the behavioural and psychological Impacts within the financial industry and why one individual would choose to risk buying a stock over an alternative more conservative stock. The lecture gave a lot of thought as to why people make the decisions they do in life regarding their money. Additionally, there was significant discussion regarding game theory and how that plays a role in every day life.<\/p>\n<p>Prof. Geng Son also talked about the economics labs which were present in Xiamen university. These labs contained a number of computers on which people could simulate a number of experiments simultaneously.<\/p>\n<p>Prof. Geng Son provided a very interactive and hands-on class throughout, including tasking us to write our answers on a pieces of papers, which he would then collect and discuss. Overall one of the better lectures with good content and a informative teacher.<\/p>\n<p>Zou zou,<br \/>\nOllie<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-574 aligncenter\" style=\"font-family: 'Open Sans', sans-serif;font-size: 15px;font-style: normal;font-weight: 400\" src=\"http:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-content\/uploads\/sites\/253\/2018\/06\/3F15C04C-56B3-4EF2-81F3-F24D66489E2D-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-content\/uploads\/sites\/366\/2018\/06\/3F15C04C-56B3-4EF2-81F3-F24D66489E2D-300x225.jpeg 300w, https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-content\/uploads\/sites\/366\/2018\/06\/3F15C04C-56B3-4EF2-81F3-F24D66489E2D-768x576.jpeg 768w, https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-content\/uploads\/sites\/366\/2018\/06\/3F15C04C-56B3-4EF2-81F3-F24D66489E2D-1024x768.jpeg 1024w, https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-content\/uploads\/sites\/366\/2018\/06\/3F15C04C-56B3-4EF2-81F3-F24D66489E2D.jpeg 1440w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early on the second day, we had a lecture on \u2018Experimental Economics\u2019, taught by Professor Geng Son. In this lecture Prof. Geng led us through a number of Economic scenarios or experiments. \u00a0One of these experiments was Elsburgs 1961 experiment, involving a number of coloured balls, ending with each person in the class effectively having to decide on a safe &#8230;<\/p>\n","protected":false},"author":1470,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-439","page","type-page","status-publish","hentry","column","threecol"],"_links":{"self":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/pages\/439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/users\/1470"}],"replies":[{"embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/comments?post=439"}],"version-history":[{"count":5,"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/pages\/439\/revisions"}],"predecessor-version":[{"id":810,"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/pages\/439\/revisions\/810"}],"wp:attachment":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/fss-summerschools\/wp-json\/wp\/v2\/media?parent=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}