ECO227: Experimental Economics and Finance Tutorial 4
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ECO227: Experimental Economics and Finance
Tutorial 4
Question A
What is the isolation effect? Please explain your answer with an example.
Question B
According to the prospect theory, what is the shape of the value function? Please draw the graph. What can you infer from the graph?
Question C
What are the basic principles of experimental design? Why they are important? Please explain your answer.
Question D
What are the factors that can be used to determine the field context of an experiment?
Question E
Please briefly explain the four types of economic experiments.
a. A conventional lab experiment
b. An artefactual field experiment
c. A framed field experiment
d. A natural field experiment
2022-12-17