Experiments in Economics: Playing “Fair”

Here’s your info on what the Auckland Uni Economics Group is getting up to tonight …

Hi all,
This week are pleased to be joined by Professor Ananish Chaudhuri, Professor of Experimental Economics and Head of the Department of Economics, who will discuss the topic of Experiments in Economics: Playing Fair, including

• the role of experiments in economics;
• how experimental economics became a part of the mainstream; and
• a brief overview of his own experimental work exploring the role of “fairness” in economic transactions.

Ananish Chaudhuri has edited and published in leading economics  journals, and is the author of a critically acclaimed book “Experiments in Economics: Playing Fair with Money, intended as an introduction for a general audience to “experimental economics.”

His work in this area focuses on “social dilemma games” such as the so-called prisoner’s dilemma, where it is alleged “there is tension between cooperation and self-interest.”  These are situations, he says, “where cooperation makes society as a whole better off; yet the individually rational course of action is to behave in a self-interested manner.”

Naturally, the professor will expect some challenging questions …

        Date: Thursday, August 28
        Time: 6-7pm
        Location: Case Room Two, Level Zero, University of Auckland Business School

We hope to see you all there!

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