Prague, Czech Republic

Experiments in Behavioral and Experimental Economics

blended course
when 30 July 2022 - 7 August 2022
language English
duration 2 weeks
credits 6 EC
fee EUR 1090

CSS22 brings you a brand new course focused on designing and evaluating experiments. The full-experience course lasts 9 days (with one free day included) and is divided into three independent blocks. The course is designed such that if you attend all blocks, you will go through the whole research process, from selecting a research topic to data collection and evaluation. However, if you decide to skip a block or two, it is not a problem.

Block A gives you a basic theoretical overview of Behavioral Public Policy and allows you to develop a research topic that you will use later in the course. The block lasts 2 days and is worth 1 ECTS.

Block B walks you through the basic methodology of experimental research, teaches you how to use an online tool to develop and run your experiment, and shows you the basic overview of statistical methods you can use to evaluate and present the collected data. The block lasts 4 days and is worth 4 ECTS.

Block C teaches you the basics of programming in R, free statistical software used by many researchers. The block ends with a workshop in which you can work on collected data under the supervision of your lecturer. The block lasts 2 days and is worth 1 ECTS.


Course Details


Block A

The block is scheduled on Day 1–2 of the summer school and consists of 9 hours of lectures and 3 hours of a workshop.

The lectures give you a basic overview of Behavioral and Experimental Economics and cover mainly (but not exclusively) the following topics:

– Decision-making under Risk (Expected Utility Theory, Allais Paradox, St. Petersburg Paradox)
– Decision-making under Uncertainty (Prospect Theory, Heuristics and Biases)
– Decision-making and Money (Mental Accounting)
– Decision-making in Time (Exponential and Hyperbolic Discounting, Temptation and Procrastination)
– Decision-making and Society (Social Preferences, Behavioral Game Theory, Social Norms, Altruism, and Reciprocity)

During the workshop, the lecturer will help you develop a research topic that you will further develop during the remainder of the program. Should this block be the only one you attend, the lecturer will provide you with additional study materials on the topic you find most interesting.

This block is worth 1 ECTS. To obtain it, in addition to attending all classes (12 hrs.), you will also need to take a final exam.


Block B

The block is scheduled on Day 3–6 of the summer school and consists of 18 hours of lectures and 6 hours of workshops.

The first two days of the block are dedicated to the basic experimental methodology and cover mainly (but not exclusively) the following topics:

– life cycle of an experiment
– basic principles of laboratory experiments and RCTs
– basic experimental games
– internal validity (selection of participants, sample size, confounds in treatment, the role of anonymity)
– external validity (stake sizes, WEIRD subject pools)
– writing the experimental instructions
– pre-registration of an experimental study

The methodology part concludes with a workshop focused on designing an experimental study on a topic students selected in Block A or that they already have (for instance, a topic of one's thesis).

The third day of the block is dedicated to LIONESS Lab, a free web-based platform for interactive online experiments. The first half of the day provides you with sufficient theoretical background that you use later in the workshop. During the workshop, you create your own online experiment that you will run and obtain some data.

On the fourth day of the block, you review the basic statistical methods to analyze the data you obtained the previous day. The lectures are focused mainly on interpreting rather than executing the statistics. We cover mainly (but not exclusively) the following methods:

– chi-square, t-test (parametric and non-parametric)
– ANOVA with posthoc tests
– Linear regression (OLS)
– Probit regression with marginal effects

This block is worth 4 ECTS. To obtain it, in addition to attending all classes (24 hrs.), you will also need to submit a research paper reporting on the experiment you developed and ran during the course.


Block C

The block is scheduled on Day 7–8 of the summer school and consists of 9 hours of lectures and 3 hours of workshops.

This block teaches the basics of programming in R, the free statistical software that many researchers use. It covers mainly (but not exclusively) the following topics:

– Working with variables and vectors
– Working with data.frames & Loading and saving data
– Data visualizations

The block concludes with a workshop in which you analyze data obtained in Block B (or your own data / example data) under the supervision of your lecturer.

This block is worth 1 ECTS. To obtain it, in addition to attending all classes (12 hrs.), you will also need to take a final exam.

Fee info

EUR 1090: The fee for the full course (all blocks) face-to-face is 1090 EUR (until 31 May).
Without Block A: -200 EUR
Without Block B: -400 EUR
Without Block C: -200 EUR
Online only: -10 %