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Introduction to Experiments in Economics and Management - 2 ECTS

Date and time

Monday 5 September 2022 at 09:00 to Tuesday 6 September 2022 at 16:00

Registration Deadline

Monday 5 September 2022 at 09:00

Location

Room TBA, Campus TBA, 2000 Frederiksberg Room TBA
Campus TBA
2000 Frederiksberg

Introduction to Experiments in Economics and Management - 2 ECTS

Event Description

Faculty

Orsola Garofalo, Associate Professor, Department of Strategy and Innovation, Copenhagen Business School, Denmark. 

Diego Zunino, Assistant Professor, KTO Research Center, SKEMA Business School, Université Côte d’Azur.

Course Coordinator
Orsola Garofalo, Associate Professor, CBS & Diego Zunino, Assistant Professor, KTO Research Center

Prerequisites
No prerequisite.

Aim
The aim of this course is to offer insights related to the use of experiments in research projects in the area of economics and management. The specific focus of the course is to develop an understanding of how to design an experiment to answer a research question.

Course content
The structure of the course is based on 2 main activities and related objective: 1. Lecture. One or more faculty offer class-based lecture on research papers using experiments in economics and management. The purpose of this activity is to engage students in papers discussion with the responsible faculty in charge of the session and other students.

2. Experimental Workshop. The students divide in group and develop together the design of an experiment to answer a specific research question. The students present their design, discuss it with their peers, and receive feedback from the faculty.

The course includes 2 lecture-based sessions of 3 hours each, and 1 experimental workshop of 4 hours. Because of the small numbers of participants, the sessions will be interactive where students will prepare memos and lead discussions on the assigned readings.

Teaching style

The course is based on a high level of student involvement. Students are expected to be thoroughly prepared and to take an active part in the presentation and discussion of the material.

Given the high content-to-time ratio, teaching is based on lecturing, illustrations and discussions and its success is predicated on interactive student involvement.

Lecture plan

Sessions

Morning (9am – 12pm)

Afternoon (1pm - 4pm)

Session 1.
September 5th

Experiments in Management (Diego Zunino)

Experiments in Economics (Orsola Garofalo)

Session 2.
September 6th

Experimental Workshop (Diego Zunino and Orsola Garofalo)

Presentations and Feedback (Diego Zunino and Orsola Garofalo)

Learning objectives

The course provides an overview on the most recent use of experiments in management and economics.


The aim is to offer students: i) comprehensive understanding about the use, tradeoffs and implications of using experiments in their research projects, ii) hands on experience on the challenges of the design of an experimental study. Ideally, at the end of the course students are able to evaluate the opportunity of pursuing a research question with an experimental study, and to lay out an idea about how to test it.

More specifically, these are the main topics developed during the course:


a. Different use of lab and field experiments: advantages and disadvantages
b. Different choice of the experimental design
c. Identification of key problems with the implementation

Exam
There is no exam at the end of the course. However, to obtain the course certificates the participants are expected to show high level of preparation and class participation. Minimum 80% attendance is required.

Other
 

Start date
05/09/2022

End date
06/09/2022

Level
PhD

ECTS
2

Language
English

Course Literature
NOTE: to be revised before class

Session 1. Experiments in Management Di Stefano, G., & Gutierrez, C. (2019). Under a magnifying glass: On the use of experiments in strategy research. Strategic Organization, 17(4), 497-507.

Eesley, C., & Wang, Y. (2017). Social influence in career choice: Evidence from a randomized field experiment on entrepreneurial mentorship. Research Policy, 46(3), 636-650.

Koudstaal, M., Sloof, R., & Van Praag, M. (2016). Risk, uncertainty, and entrepreneurship: Evidence from a lab-in-the-field experiment. Management Science, 62(10), 2897-2915.

Kovács, B., Carroll, G. R., & Lehman, D. W. (2014). Authenticity and consumer value ratings: Empirical tests from the restaurant domain. Organization science, 25(2), 458-478.

Session 2. Experiments in Economics Bloom, N., Eifert, B., Mahajan, A., McKenzie, D., & Roberts, J. (2013). Does management matter? Evidence from India. The Quarterly Journal of Economics, 128(1), 1-51.

Charness, G., Gneezy, U., & Kuhn, M. A. (2012). Experimental methods: Between-subject and within-subject design. Journal of Economic Behavior & Organization, 81(1), 1-8.

Garofalo, O., & Rott, C. (2018). Shifting blame? Experimental evidence of delegating communication. Management Science, 64(8), 3911-3925.

Gneezy, U., & Rustichini, A. (2000). Pay enough or don't pay at all. The Quarterly journal of economics, 115(3), 791-810.

Event Location

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