{"product_id":"the-economic-experience-charles-a-holt-9780691264110","title":"The Economic Experience: An Introduction Through Experiments","description":"\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\u003eInteractive class simulations encourage discovery of key behavioral insights\u003c\/li\u003e\n\u003cli\u003eLab reports provide a Socratic structure 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\u003eSupported by a free website that instructors can use to set up classroom experiments online\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Charles A. Holt, Erica Sprott\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691264112\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691264110\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/29\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 248\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback","brand":"Charles A. Holt","offers":[{"title":"Paperback","offer_id":46372269031679,"sku":"9780691264110","price":39.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_9e988d02-a30e-4047-bf71-8b909907521d.jpg?v=1732725485","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-economic-experience-charles-a-holt-9780691264110","provider":"WR Book House","version":"1.0","type":"link"}