New York University’s Center for Experimental Social Science (CESS) will host “Methods of Modern Experimental Economics,” which will consider the value of experimental science in gauging economic behavior.
MEDIA ADVISORY
New York University’s Center for Experimental Social Science (CESS) will host “Methods of Modern Experimental Economics,” which will consider the value of experimental science in gauging economic behavior, on Friday, October 23 (NYU’s Casa Italiana, 24 West 12th Street [between 5th and 6th Avenues]) and Saturday, October 24 (NYU’s Jurow Lecture Hall, Silver Center for Arts and Science, 100 Washington Square East [at Washington Place]).
Experimental economics and its related field, behavioral economics, is one of the most dynamic areas in economics. Its practitioners consider the factors that go into the decision-making process that fuels economic activity, relying on a range of techniques to do so. These include controlled laboratory experiments, the use of functional magnetic resonance imaging (fMRI) data to monitor neurological activity, and other approaches that are outside of the conventional economist toolkit. While traditional economists have historically resisted viewing economics as an experimental science, over the years, the profession has embraced the field-Vernon Smith (2002) and Elinor Ostrom (2009), whose work has included experiments, were both awarded the Nobel Prize in Economics.
The NYU conference brings together a group of the world’s leading experimental economists to take stock of experimental economics, assess if it has fulfilled its promise, and examine tensions within the discipline. For a complete schedule of events and to register, please follow this link.
The event is free and open to the public. Call 212.998.8952 for more information.
EDITOR’S NOTE
The Center for Experimental Social Science (CESS) is an inter-disciplinary research center at New York University engaged in laboratory experimental work in the social sciences that combines economic theory, social psychology, and political science. The overarching research tool used in the center is laboratory experiments in which subjects engage in decision-making tasks whose purpose is to test both economic theory and/or the properties of proposed or existing economic, political, or social institutions.