Experiments in Economic Sciences 2004

The Proceedings of the International Conference
Experiments in Economic Sciences:
New Approaches to Solving Real-world Problems

Notice: Invited speakers' papers will be included in the Conference book, which will be published in 2005 by Springer Verlag.

Public Speech Keynote Speech	Markets, Capital Markets, and Globalization Vernon L. Smith Foundations of Experimental Economics, Economic Design and Applications Vernon L. Smith
Invited Sessions	On rare events and the economics of small decisions Ido Erev Trust, Fear, Reciprocity, and Altruism: Theory and Experiment James Cox Behavioral decision making at 50: Achievements, prospects, and challenges Robin Hogarth Why Experimental Finance? Shyam Sunder Cheating in Markets: A Methodological Exploration Daniel Friedman Cognitive economics as a new research program Paul Bourgine
Session 1A: Market 1	Competitive Burnout in the Laboratory: Equilibrium Selection in a Two-Stage Sequential Elimination Game J. Atsu amegashie, C. Bram Cadsby and Yang Song Exploring Elements of Exchange Rate Theory in a Controlled Environment Eric O'N Fisher Price Competition between Price Setting Middlemen in the Laboratory Setting Kazuhito Ogawa, Kouhei Iyori and Sobei. H. Oda
Session 1B: Public Goods 1	Trust and Reciprocity:The Differing Norms of Individuals and Group Representatives Fei Song Economic ties and social dilemmas Daan van Soest and Jana Vyrastekova Does Observation of Others Affect People's Cooperative behavior? An Experimental Study on Threshold public Good Games Yasuyo Hamaguchi
Session 1C: Co- Creative Decision Making 1	Co-Creative Decision Making in Artifactual Systems in Consideration of Bounded Rationality Tomomi Kito, Nobutada Fujii and Kanji Ueda Verification Process of the Investment Option of Common Goods by a New City Management(Medi-Square) Model Based on Next-Generation Technology Sawako Takeuchi, Atsushi Doi and Mari Tanaka
Session 2A: Market 2	Experimental Studies on the Value of Information in Financial Markets with Heterogeneously Informed Agents Jurgen Huber, Michael Kirchler and Matthias Sutter Willingness- to- pay for Expressways Metin Senbil and Ryuichi Kitamura The Effects of Compensation Schemes on Self-Selection and Work Productivity: An Experimental Investigation C. Bram Cadsby, Fei Song and Francis Tapon
Session 2B: Public Goods 2	Trust and Reciprocity: Groups versus Individuals and Behavior versus Perceptions Fei Song The Way Out of the Trap Experiments on Dynamic Coordination Games Jordi Brandts and Agnes Pinter The Effect of Group Competition in the Prisoner's Dilemma Game Yoshio Iida
Session 2C: Co- Creative Decision Making 2	Charting the Market:Fundamental and Chartist Strategies in a Participatory Stock Market Experiment Laszlo Gulyas A study on Virtual Market for Pareto Optimal Mediation Toshiya Kaihara and Susumu Fujii
Session 3A: Market 3	Minding Your Own Business Utteeyo Dasgupta Recycling of Durable Goods: modeling and Experiments Nariaki Nishino, Hiroki Nakayama, Sobei. H. Oda and Kanji Ueda Game theory and history of economic thought: The Cournot-Walras Correspondence as a test of the effectiveness of cheap talk in achieving efficient outcomes Regis Deloche
Session 3B: Public Goods 3	Experimental Evidence on the Multibidding Mechanism David Perez-Castrillo and Robert F. Veszteg Monitoring, reputation, and "greenbeard" reciprocity in a real-life public good game among the Shuar of Ecuador Michael E. Price Robustness against Longer Memory Strategies in Evolutionary Games Eizo Akiyama
Session 3C: Accounting and Economics 1	The Roles of Transfers and Participation Constraints in Trade Negotiations Shyam Sunder and Koichi Hamada Why Do Economists Favor Free Trade but Politicians Don't ? Koichi Hamada and Shyam Sunder Equilibration of Real Financial Markets: Theory and Experimental Evidence Peter Bossaerts
Session 4A: Monitoring	Audit Credibility and the Audit Purchasing Costs: A Theory and an Experimental Investigation Tatsuhiko Kato
Session 4B: Decision Making 1	Signal Qualities, Order of Decisions, and Informational Cascades: Experimental Evidences Shunichiro Sasaki Neighborhood Information Exchange and Voter Participation: An Experimental Study Jens Grosser and Arthur Schram Marginal Contribution of Information to Profit in a Zero-sum Game Hiroyasu Yoneda, Gen Masumoto and Sobei H. Oda
Session 4C: Accounting and Economics 2	Independence in Appearance and in Fact: An Experimental Investigation Nick Dopuch, Ronard R. King and Rachel Schwertz
Session 5A: Mechanism Design	Amended Final Offer Arbitration is Promising: Evidence from the Laboratory Cary Deck, Amy Farmer and Dao-Zhi Zeng Competition with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design Jordi Brandts, Paul Pezanis-Christou and Arthur Schram Combinatorial Auction Design for Bandwidth Trading: An Experimental Study Chairs Kaskiris, Rahul Jain, Ram Rajagopal and Pravin Varaiya
Session 5B: Decision Making 2	Commuters' Perception of Travel Time and Uncertainty Under Congestion Pricing: Results of Six-Week Field Experiment Kengo Ushiwaka, Akira Kikuchi and Ryuichi Kitamura How Does Overconfidence Affect Individual Decision Making Volha Baranava, Zvezda Dermendzhieva, Plamen P. Doudov and Vitaliy Strohush Bayesian Updating in Experiment: Good News and Bad News in Small Feedback-Based Decision Problems Takemi Fujikawa and Sobei H. Oda
Session 5C: Artificial Market	Introducing Virtual Futures Market System "U-Market" Y. Nakajima, I. Ono, H. Sato, N. Mori, H. Kita, H. Matsui, K. Taniguchi, H. Deguchi, T. Terano and Y. Shiozawa Usefulness and feasibility of market maker in a thin market Yoshihiro Nakajima and Yoshinori Shiozawa Analyse the complexity of the financial time series using artificial market Jungo Ueki and Yoshihiro Nakajima
Session 6B: Decision Making 3	Separation of Intertemporal Substitution and Time Preference Race from Risk Aversion: Experimental Analysis Ryoko Wada and Sobei H. Oda Frames and Games Jordi Brandts and Christiane Schwieren A Regression Model of Group Rationality by Member Rationality and Characteristics: Group Decision-making under Limited Rationality by Problem-solving and Persuasion Satoru Mizutani and Fumihiko Goto
Session 6C: Psychology	Neuroendocrine modulation of social memory and economic decision making Taiki Takahashi Biases in Bluffing - Theory and Experiments economic Decision-making Hakan J. Holm
Closing Lecture	Design Science: A Prelude Tatsuyoshi Saijo

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