Experimental Economics And Culture

The contributions in this volume discuss new approaches to the measurement of culture and how to conceptualize and define values and beliefs and the groups that share them, and they contribute to the growing body of literature that documents how cultural differences in social and economic behavior.

The contributions in this volume discuss new approaches to the measurement of culture and how to conceptualize and define values and beliefs and the groups that share them, and they contribute to the growing body of literature that documents how cultural differences in social and economic behavior.

Addresses the nature of human sociality. By bringing together experimental and ethnographic data from fifteen different tribal societies, the contributors are able to explore the universality of human motives in economic decision-making, and the importance of social, institutional and cultural factors.

This volume offers a comprehensive review of experimental methods in economics. Its 21 chapters cover theoretical and practical issues such as incentives, theory and policy development, data analysis, recruitment, software and laboratory organization. The Handbook includes separate parts on procedures, field experiments and neuroeconomics, and provides the first methodological overview of replication studies and a novel set-valued equilibrium concept. As a whole, the combination of basic methods and current developments will aid both beginners and advanced experimental economists.

This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area. Presents coherent summaries of major research in art and culture, a field that is inherently difficult to characterize with finance tools and concepts Offers a rigorous description that avoids common problems associated with art and culture scholarship Makes details about the economics of art and culture accessible to scholars in fields outside economics

Any experimental field consists of preparing special conditions for examining interesting objects for research. So naturally, the particular ways in which scientists prepare their objects determine the kind and the content of knowledge produced. This book provides a framework for the analysis of experimental practices - the Social Epistemology of Experiment - that incorporates both the ‘material’ and the ‘social’ dimensions of knowledge production. The Social Epistemology of Experiment is applied to experimental economics and in so doing, it introduces the epistemic role of the participation of human subjects in experiments and the causal efficacy of institutions in constraining and enabling human behaviour. It also develops the role of the social and socially established practices in overcoming the methodological difficulties associated with experimenting with humans subjects in the social sciences as well as the effect of scientists’ interventions in the laboratory worlds. This book provides an historical and contextualized account of the emergence of experimental economics, the methodological discussions that have informed and constituted it, its main research programmes, and stylized facts. The analysis of its three main research programmes – market experiments, game theory experiments and individual decision-making experiments – shows how economics experiments are particularly tailored to produce knowledge about market institutions and individual behaviour in contexts where there might be conflicts of individual and social goals, and also about the processes of individual decision-making.

The origin of this special issue of The Annals lies in a conference on the interaction between economics and other disciplines held under the auspices of the Society for the Advancement of Behavioral Economics at San Diego State University. One example of fruitful interaction between economics and other disciplines is found in the study of economic development and cultural institutions such as language, prescribed gender roles, and ethnic identity. The articles in this volume offer fresh perspectives on the possible effects of cultural institutions on economic performance and politics. Many of the articles also investigate reasons why particular institutions arise and, in particular, how economic development affects cultural institutions. This issue of The Annals offers new perspectives on various aspects of culture related to politics and the economy, including democracy, corruption, women's rights, wedding expenditures, and ethnic cleansing. The articles show that the analyses of economists can be useful in these new areas of application. To the extent that these are empirical analyses, research by economists does not necessarily differ from that performed by political scientists or sociologists studying similar issues. Some of the contributions to this volume show that some ideas found in economic theories, even though they were developed in the West, are applicable universally and can help us understand cultural institutions. While the articles in this collection indicate that applying economic analysis to the study of culture is a productive avenue for research, this special issue raises more questions than it answers. We are still very far from understanding why cultures differ so dramatically. There is room for much further research into the multiple interrelationships between various economic, political, and cultural institutions. In this endeavor, we may benefit not only from more economic analysis but also from sociological and anthropological analysis and from cooperation between disciplines. We also need more studies of investments in cultural capital by individuals, firms, families, and other groups, in part because such studies can help up design strategies and policies that work effectively to promote economic and social development. It is hoped that this volume of The Annals reveals the inevitability of dealing with cultural differences between countries and cultural changes over time.

What is Cultural Economics A subfield of economics known as cultural economics investigates the ways in which culture is connected to the outcomes of economic activity. In this context, the term "culture" refers to the views and preferences that are held in common by many populations. These programmatic questions include whether or not culture matters in terms of economic outcomes, the extent to which it does matter, and the relationship between culture and institutions. The influence of culture in economic behavior is becoming increasingly proved to produce major differences in decision-making, as well as in the management and pricing of assets. This is a burgeoning field within the field of behavioral economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Cultural economics Chapter 2: Political economy Chapter 3: Cultural bias Chapter 4: Behavioral economics Chapter 5: Development economics Chapter 6: Rural area Chapter 7: Economic data Chapter 8: Socioeconomics Chapter 9: Experimental economics Chapter 10: Institutional economics Chapter 11: National accounts Chapter 12: New institutional economics Chapter 13: Economics imperialism Chapter 14: Distribution (economics) Chapter 15: Agent-based computational economics Chapter 16: Economic ideology Chapter 17: Economics of religion Chapter 18: Public economics Chapter 19: Rural economics Chapter 20: Demographic economics Chapter 21: Paola Sapienza (II) Answering the public top questions about cultural economics. (III) Real world examples for the usage of cultural economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of cultural economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of cultural economics.