{"product_id":"the-economic-experience-an-introduction-through-experiments-paperback","title":"The Economic Experience: An Introduction Through Experiments - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eCharles A. Holt\u003c\/b\u003e (Author), \u003cb\u003eErica Sprott\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn innovative introduction to economic behavior that uses interactive experiments to promote experience-based discovery\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThis book presents a unique active-learning approach to economic thinking, providing a behavioral perspective on basic economic concepts ranging from trust to trade. Each chapter features a classroom experiment where students engage directly with the material as market participants, and chapters come with warm-up exercises, quizzes, and incisive summaries. \u003ci\u003eThe Economic Experience\u003c\/i\u003e empowers students to develop insights into essential economic principles and goes beyond merely documenting behavioral anomalies by showing students how to navigate and anticipate them through hands-on learning and team building.\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eEncourages discovery of key behavioral insights with interactive class simulations\u003c\/li\u003e\n\u003cli\u003eProvides a Socratic structure through lab reports for interpreting and applying lessons from experiment results while interacting with fellow students\u003c\/li\u003e\n\u003cli\u003eIncludes \"What Economists Do\" sections that highlight key applications and policy issues\u003c\/li\u003e\n\u003cli\u003eCovers standard topics such as gains from trade, marginal analysis, and the resilience of competitive markets\u003c\/li\u003e\n\u003cli\u003eEnables students to experience the negative effects of market imperfections related to monopoly power, non-price rent seeking, corruption, congestion, and inadequate incentives for the provision of public goods\u003c\/li\u003e\n\u003cli\u003eIntroduces notions of risk and strategic behavior in games and auctions\u003c\/li\u003e\n\u003cli\u003eExplains foundational macroeconomic concepts such as financial markets and the role of money while addressing behavioral issues like bank runs and asset market price bubbles that may arise in a macroeconomic setting\u003c\/li\u003e\n\u003cli\u003eIs supported by a free website that instructors can use to set up classroom experiments online\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eCharles A. Holt\u003c\/b\u003e is the A. Willis Robertson Professor of Political Economy at the University of Virginia. His books include \u003ci\u003eExperimental Economics\u003c\/i\u003e (with Douglas D. Davis), \u003ci\u003eMarkets, Games, and Strategic Behavior\u003c\/i\u003e, and \u003ci\u003eQuantal Response Equilibrium\u003c\/i\u003e (with Jacob K. Goeree and Thomas R. Palfrey) (all Princeton). \u003cb\u003eErica R. Sprott\u003c\/b\u003e is a doctoral student at the Harvard Kennedy School and a National Science Foundation Graduate Research Fellow.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 288\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.6 x 10 x 7 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 29, 2025\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":47208721383673,"sku":"9780691264110","price":68.31,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0789\/2782\/3097\/files\/nHv0fhDIMG9780691264110.webp?v=1768057935","url":"https:\/\/bookscloud.io\/products\/the-economic-experience-an-introduction-through-experiments-paperback","provider":"BooksCloud Book Dropshipping","version":"1.0","type":"link"}