SlideShare a Scribd company logo
1 of 19
Introduction to Experimental Methods in Economics Research Steven Tucker Department of Economics and Finance University of Canterbury
A Young and Rapidly Growing Field
2002 Nobel Prize in Economic Studies Vernon L. Smith Daniel Kahneman for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
What is Experimental Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is Experimental Economics? ,[object Object]
What is Experimental Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
NZEEL Brand new state-of-the-art, unique to NZ, dedicated research facility 36 terminals Private observation/control room Specialized software with programmers
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Experiments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of Experimental Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of Experimental Economics ,[object Object],[object Object]
Consequences of not test-bedding. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Concluding ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you!

More Related Content

What's hot

MARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMMARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMJasna3134
 
Efficient and Optimal Use.ppt
Efficient and Optimal Use.pptEfficient and Optimal Use.ppt
Efficient and Optimal Use.pptSebataneTk
 
Presentation on GMM
Presentation on GMMPresentation on GMM
Presentation on GMMMoses sichei
 
Free rider problem
Free rider problemFree rider problem
Free rider problemThảo Anh
 
History of Economic Thought
History of Economic ThoughtHistory of Economic Thought
History of Economic ThoughtJohn Cousins
 
Chapter 9 analysis of competitive market
Chapter 9 analysis of competitive marketChapter 9 analysis of competitive market
Chapter 9 analysis of competitive marketYesica Adicondro
 
Oligopoly Collusion and Game Theory
Oligopoly Collusion and Game TheoryOligopoly Collusion and Game Theory
Oligopoly Collusion and Game Theorytutor2u
 
Public provision of social goods
Public provision of social goodsPublic provision of social goods
Public provision of social goodsEjaz Dilshad
 
Monopolistic Competition Micro Economics ECO101
Monopolistic Competition Micro Economics ECO101Monopolistic Competition Micro Economics ECO101
Monopolistic Competition Micro Economics ECO101Sabih Kamran
 
Profit maximization
Profit maximizationProfit maximization
Profit maximizationix Tine
 
010 hotelling optimum exhaustion of a non renewable resource
010 hotelling optimum exhaustion of a non renewable resource010 hotelling optimum exhaustion of a non renewable resource
010 hotelling optimum exhaustion of a non renewable resourcePrabha Panth
 
Leontief input output models.ppt final
Leontief input output models.ppt finalLeontief input output models.ppt final
Leontief input output models.ppt finalKinnar Majithia
 
Prisoner's Dilemma
Prisoner's DilemmaPrisoner's Dilemma
Prisoner's DilemmaAcquate
 
Input Demand: The Labor and Land Markets
Input Demand: The Labor and Land MarketsInput Demand: The Labor and Land Markets
Input Demand: The Labor and Land MarketsNoel Buensuceso
 

What's hot (20)

Ch3
Ch3Ch3
Ch3
 
MARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMMARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEM
 
Market Failure
Market FailureMarket Failure
Market Failure
 
Efficient and Optimal Use.ppt
Efficient and Optimal Use.pptEfficient and Optimal Use.ppt
Efficient and Optimal Use.ppt
 
Presentation on GMM
Presentation on GMMPresentation on GMM
Presentation on GMM
 
cournot model
cournot modelcournot model
cournot model
 
ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL ECONOMICSENVIRONMENTAL ECONOMICS
ENVIRONMENTAL ECONOMICS
 
Free rider problem
Free rider problemFree rider problem
Free rider problem
 
History of Economic Thought
History of Economic ThoughtHistory of Economic Thought
History of Economic Thought
 
Chapter 9 analysis of competitive market
Chapter 9 analysis of competitive marketChapter 9 analysis of competitive market
Chapter 9 analysis of competitive market
 
Oligopoly Collusion and Game Theory
Oligopoly Collusion and Game TheoryOligopoly Collusion and Game Theory
Oligopoly Collusion and Game Theory
 
Public provision of social goods
Public provision of social goodsPublic provision of social goods
Public provision of social goods
 
Monopolistic Competition Micro Economics ECO101
Monopolistic Competition Micro Economics ECO101Monopolistic Competition Micro Economics ECO101
Monopolistic Competition Micro Economics ECO101
 
Profit maximization
Profit maximizationProfit maximization
Profit maximization
 
010 hotelling optimum exhaustion of a non renewable resource
010 hotelling optimum exhaustion of a non renewable resource010 hotelling optimum exhaustion of a non renewable resource
010 hotelling optimum exhaustion of a non renewable resource
 
Leontief input output models.ppt final
Leontief input output models.ppt finalLeontief input output models.ppt final
Leontief input output models.ppt final
 
Prisoner's Dilemma
Prisoner's DilemmaPrisoner's Dilemma
Prisoner's Dilemma
 
Chapter 1 - Econ
Chapter 1 - EconChapter 1 - Econ
Chapter 1 - Econ
 
Input Demand: The Labor and Land Markets
Input Demand: The Labor and Land MarketsInput Demand: The Labor and Land Markets
Input Demand: The Labor and Land Markets
 
Tragedy of commons
Tragedy of commonsTragedy of commons
Tragedy of commons
 

Viewers also liked

1st term report
1st term report1st term report
1st term reportnone
 
Crash Course Experiments in Political Science PhD Course University of Siena
Crash Course Experiments in Political Science PhD Course University of SienaCrash Course Experiments in Political Science PhD Course University of Siena
Crash Course Experiments in Political Science PhD Course University of SienaAlessandro Innocenti
 
Behavioural Economics
Behavioural EconomicsBehavioural Economics
Behavioural EconomicsEton College
 
Research Question and Hypothesis
Research Question and HypothesisResearch Question and Hypothesis
Research Question and HypothesisArvind Kushwaha
 
Behavioural economics and digital marketing
Behavioural economics and digital marketingBehavioural economics and digital marketing
Behavioural economics and digital marketingVyshnavi Doss
 
Behavioral economics in 22 slides - showing that we are irrational
Behavioral economics in 22 slides - showing that we are irrationalBehavioral economics in 22 slides - showing that we are irrational
Behavioral economics in 22 slides - showing that we are irrationalKurt Nelson, PhD
 
Behavioural Economics
Behavioural EconomicsBehavioural Economics
Behavioural EconomicsEton College
 
Behavioural Economics in Advertising Planning
Behavioural Economics in Advertising PlanningBehavioural Economics in Advertising Planning
Behavioural Economics in Advertising PlanningPhilip De Meulemeester
 

Viewers also liked (11)

1st term report
1st term report1st term report
1st term report
 
1006 DPRK Agriculture Program: SRI Project in four local farms
1006 DPRK Agriculture Program: SRI Project in four local farms1006 DPRK Agriculture Program: SRI Project in four local farms
1006 DPRK Agriculture Program: SRI Project in four local farms
 
Crash Course Experiments in Political Science PhD Course University of Siena
Crash Course Experiments in Political Science PhD Course University of SienaCrash Course Experiments in Political Science PhD Course University of Siena
Crash Course Experiments in Political Science PhD Course University of Siena
 
Behavioural Economics
Behavioural EconomicsBehavioural Economics
Behavioural Economics
 
Research Question and Hypothesis
Research Question and HypothesisResearch Question and Hypothesis
Research Question and Hypothesis
 
Behavioural economics and digital marketing
Behavioural economics and digital marketingBehavioural economics and digital marketing
Behavioural economics and digital marketing
 
Behavioral economics in 22 slides - showing that we are irrational
Behavioral economics in 22 slides - showing that we are irrationalBehavioral economics in 22 slides - showing that we are irrational
Behavioral economics in 22 slides - showing that we are irrational
 
Behavioural Economics
Behavioural EconomicsBehavioural Economics
Behavioural Economics
 
Behavioural Economics in Advertising Planning
Behavioural Economics in Advertising PlanningBehavioural Economics in Advertising Planning
Behavioural Economics in Advertising Planning
 
Kanbanboards
KanbanboardsKanbanboards
Kanbanboards
 
Hypothesis
HypothesisHypothesis
Hypothesis
 

Similar to Experimental Economics - Steve Tucker

Experimental economics
Experimental economicsExperimental economics
Experimental economicsSreepriya P
 
Customer retention measurement.
Customer retention measurement.Customer retention measurement.
Customer retention measurement.Erika G. G.
 
Nber Lecture Final
Nber Lecture FinalNber Lecture Final
Nber Lecture FinalNBER
 
Managerial Economics: myths and realities 1.pptx
Managerial Economics: myths and realities 1.pptxManagerial Economics: myths and realities 1.pptx
Managerial Economics: myths and realities 1.pptxssalially
 
Experiment SettingsLEARNING OUTCOMES9–.docx
Experiment SettingsLEARNING OUTCOMES9–.docxExperiment SettingsLEARNING OUTCOMES9–.docx
Experiment SettingsLEARNING OUTCOMES9–.docxSANSKAR20
 
Gemechu keneni(PhD) document
Gemechu keneni(PhD) documentGemechu keneni(PhD) document
Gemechu keneni(PhD) documentgetahun bekana
 
scenarios and Foresight
scenarios and Foresightscenarios and Foresight
scenarios and ForesightIan Miles
 
Arnold 8e ch 01 final
Arnold 8e ch 01 finalArnold 8e ch 01 final
Arnold 8e ch 01 finalafifmaskuri
 
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptx
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptxWEEK-2-Introduction-to-Operations-Research (20230928104337).pptx
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptxJessyMaeFlorentino
 
Chemistry - Chp 1 - Introduction To Chemistry - PowerPoint
Chemistry - Chp 1 - Introduction To Chemistry - PowerPointChemistry - Chp 1 - Introduction To Chemistry - PowerPoint
Chemistry - Chp 1 - Introduction To Chemistry - PowerPointMr. Walajtys
 
Abstract.doc.doc
Abstract.doc.docAbstract.doc.doc
Abstract.doc.docbutest
 
Challenges & Opportunities of Implementation FAIR in Life Sciences
Challenges & Opportunities of Implementation FAIR in Life SciencesChallenges & Opportunities of Implementation FAIR in Life Sciences
Challenges & Opportunities of Implementation FAIR in Life SciencesOSTHUS
 
Introduction to Operations Research
Introduction to Operations ResearchIntroduction to Operations Research
Introduction to Operations ResearchAditya Classes
 

Similar to Experimental Economics - Steve Tucker (20)

Experimental economics
Experimental economicsExperimental economics
Experimental economics
 
13251211
1325121113251211
13251211
 
Customer retention measurement.
Customer retention measurement.Customer retention measurement.
Customer retention measurement.
 
Nber Lecture Final
Nber Lecture FinalNber Lecture Final
Nber Lecture Final
 
Managerial Economics: myths and realities 1.pptx
Managerial Economics: myths and realities 1.pptxManagerial Economics: myths and realities 1.pptx
Managerial Economics: myths and realities 1.pptx
 
Experiment SettingsLEARNING OUTCOMES9–.docx
Experiment SettingsLEARNING OUTCOMES9–.docxExperiment SettingsLEARNING OUTCOMES9–.docx
Experiment SettingsLEARNING OUTCOMES9–.docx
 
Gemechu keneni(PhD) document
Gemechu keneni(PhD) documentGemechu keneni(PhD) document
Gemechu keneni(PhD) document
 
DAE1.pptx
DAE1.pptxDAE1.pptx
DAE1.pptx
 
scenarios and Foresight
scenarios and Foresightscenarios and Foresight
scenarios and Foresight
 
01-research-r.pdf
01-research-r.pdf01-research-r.pdf
01-research-r.pdf
 
Arnold 8e ch 01 final
Arnold 8e ch 01 finalArnold 8e ch 01 final
Arnold 8e ch 01 final
 
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptx
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptxWEEK-2-Introduction-to-Operations-Research (20230928104337).pptx
WEEK-2-Introduction-to-Operations-Research (20230928104337).pptx
 
UNIT 5.pptx
UNIT 5.pptxUNIT 5.pptx
UNIT 5.pptx
 
UNIT 5.pptx
UNIT 5.pptxUNIT 5.pptx
UNIT 5.pptx
 
Bbch5.ppt
Bbch5.pptBbch5.ppt
Bbch5.ppt
 
Research design
Research designResearch design
Research design
 
Chemistry - Chp 1 - Introduction To Chemistry - PowerPoint
Chemistry - Chp 1 - Introduction To Chemistry - PowerPointChemistry - Chp 1 - Introduction To Chemistry - PowerPoint
Chemistry - Chp 1 - Introduction To Chemistry - PowerPoint
 
Abstract.doc.doc
Abstract.doc.docAbstract.doc.doc
Abstract.doc.doc
 
Challenges & Opportunities of Implementation FAIR in Life Sciences
Challenges & Opportunities of Implementation FAIR in Life SciencesChallenges & Opportunities of Implementation FAIR in Life Sciences
Challenges & Opportunities of Implementation FAIR in Life Sciences
 
Introduction to Operations Research
Introduction to Operations ResearchIntroduction to Operations Research
Introduction to Operations Research
 

Recently uploaded

Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docxPoojaSen20
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxnegromaestrong
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Disha Kariya
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...christianmathematics
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingTeacherCyreneCayanan
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxVishalSingh1417
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhikauryashika82
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfAdmir Softic
 

Recently uploaded (20)

Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 

Experimental Economics - Steve Tucker

  • 1. Introduction to Experimental Methods in Economics Research Steven Tucker Department of Economics and Finance University of Canterbury
  • 2. A Young and Rapidly Growing Field
  • 3. 2002 Nobel Prize in Economic Studies Vernon L. Smith Daniel Kahneman for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
  • 4.
  • 5.
  • 6.
  • 7. NZEEL Brand new state-of-the-art, unique to NZ, dedicated research facility 36 terminals Private observation/control room Specialized software with programmers
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.