{"id":693,"date":"2022-01-25T12:15:45","date_gmt":"2022-01-25T17:15:45","guid":{"rendered":"https:\/\/web.uri.edu\/enre-draft\/?page_id=693"},"modified":"2022-01-26T10:08:06","modified_gmt":"2022-01-26T15:08:06","slug":"behavioral-and-experimental-economics","status":"publish","type":"page","link":"https:\/\/web.uri.edu\/enre\/research\/behavioral-and-experimental-economics\/","title":{"rendered":"Behavioral and Experimental Economics"},"content":{"rendered":"<section class=\"cl-wrapper cl-hero-wrapper\"><div class=\"cl-hero  \"><div class=\"cl-hero-proper\"><div class=\"overlay\"><\/div><div class=\"still\" style=\"background-image:url(https:\/\/web.uri.edu\/wp-content\/uploads\/sites\/2086\/Behavioral-Economics-landing.jpg);\"><\/div><\/div><\/div><\/section>\n\n\n<p>Behavioral economics uses variants of traditional economic assumptions, often with a psychological motivation, to explain and predict behavior, and to provide policy prescriptions. Experimental economics tests economic theory predictions with human subjects in a laboratory setting and can be used to design better policies.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"cl-wrapper cl-card-wrapper\"><a class=\"cl-card  \" href=\"https:\/\/web.uri.edu\/enre\/research\/policy-simulation-lab\/\" title=\"\"><div class=\"cl-card-container text\"><div class=\"cl-card-text\"><h2>Policy Simulation Lab<\/h2><p>The SimLab is a set of networked rooms designed to work together as a flexible, integrated facility to study decision making and to help communities make wise choices.<\/p><\/div><\/div><div class=\"cl-card-container button\">Explore<\/div><\/a><\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Faculty<\/h2>\n\n\n<\/p>\n<div class=\"uri-people-tool cl-tiles halves\"><div class=\"peopleitem h-card has-thumbnail\">\n\t<header>\n\t\t<div class=\"header\">\n\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/web.uri.edu\/enre\/meet\/todd-guilfoos\/\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Todd-Guilfoos.jpg\" class=\"u-photo  wp-post-image\" alt=\"URI Environmental and Natural Resource Economics faculty member, Todd Guilfoos\" srcset=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Todd-Guilfoos.jpg 500w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Todd-Guilfoos-300x300.jpg 300w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Todd-Guilfoos-150x150.jpg 150w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Todd-Guilfoos-364x364.jpg 364w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>\n\t\t\t\t\t\t\t<\/figure>\n\t\t\t\n\t\t\t\t\t\t\t<h3 class=\"p-name\"><a href=\"https:\/\/web.uri.edu\/enre\/meet\/todd-guilfoos\/\">Todd Guilfoos<\/a><\/h3>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t<\/header>\n\t<div class=\"inside\">\n\n\t\t<p class=\"people-title p-job-title\">Associate Professor, Director of the SimLab, Graduate Program Director<\/p>\n\t\t\n\t\t\t\t<p class=\"people-department\">Coastal Institute 219<\/p>\n\t\t\n\t\t\n\t\t\t\t\t<p class=\"people-misc\"><span class=\"p-tel\">401.874.4398<\/span> <br> <a class=\"u-email\" href=\"mailto:guilfoos@uri.edu\">guilfoos@uri.edu<\/a><\/p>\n\t\t\n\t\t<div style=\"clear:both;\"><\/div>\n\t<\/div>\n<\/div>\n<div class=\"peopleitem h-card has-thumbnail\">\n\t<header>\n\t\t<div class=\"header\">\n\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/web.uri.edu\/enre\/meet\/pengfei-liu\/\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1.jpg\" class=\"u-photo  wp-post-image\" alt=\"URI Environmental and Natural Resource Economics faculty member, Pengfei Liu\" srcset=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1.jpg 500w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-300x300.jpg 300w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-150x150.jpg 150w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-364x364.jpg 364w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>\n\t\t\t\t\t\t\t<\/figure>\n\t\t\t\n\t\t\t\t\t\t\t<h3 class=\"p-name\"><a href=\"https:\/\/web.uri.edu\/enre\/meet\/pengfei-liu\/\">Pengfei Liu<\/a><\/h3>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t<\/header>\n\t<div class=\"inside\">\n\n\t\t<p class=\"people-title p-job-title\">Associate Professor<\/p>\n\t\t\n\t\t\t\t<p class=\"people-department\">Coastal Institute 211<\/p>\n\t\t\n\t\t\n\t\t\t\t\t<p class=\"people-misc\"><span class=\"p-tel\">401.874.4061<\/span> <br> <a class=\"u-email\" href=\"mailto:pengfei_liu@uri.edu\">pengfei_liu@uri.edu<\/a><\/p>\n\t\t\n\t\t<div style=\"clear:both;\"><\/div>\n\t<\/div>\n<\/div>\n<div class=\"peopleitem h-card has-thumbnail\">\n\t<header>\n\t\t<div class=\"header\">\n\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/web.uri.edu\/enre\/meet\/hirotsugu-uchida\/\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Hirotsugu-Uchida.jpg\" class=\"u-photo  wp-post-image\" alt=\"URI Environmental and Natural Resource Economics faculty member, Hirotsugu Uchida\" srcset=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Hirotsugu-Uchida.jpg 500w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Hirotsugu-Uchida-300x300.jpg 300w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Hirotsugu-Uchida-150x150.jpg 150w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Hirotsugu-Uchida-364x364.jpg 364w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>\n\t\t\t\t\t\t\t<\/figure>\n\t\t\t\n\t\t\t\t\t\t\t<h3 class=\"p-name\"><a href=\"https:\/\/web.uri.edu\/enre\/meet\/hirotsugu-uchida\/\">Hirotsugu Uchida<\/a><\/h3>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t<\/header>\n\t<div class=\"inside\">\n\n\t\t<p class=\"people-title p-job-title\">Professor<\/p>\n\t\t\n\t\t\t\t<p class=\"people-department\">Coastal Institute 216<\/p>\n\t\t\n\t\t\n\t\t\t\t\t<p class=\"people-misc\"><span class=\"p-tel\">401.874.2238<\/span> <br> <a class=\"u-email\" href=\"mailto:huchida@uri.edu\">huchida@uri.edu<\/a><\/p>\n\t\t\n\t\t<div style=\"clear:both;\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<p>\n\n\n\n<h2 class=\"wp-block-heading\">Selected Publications<\/h2>\n\n\n\n<p>Li, Z., <strong>P. Liu<\/strong>, and S. Swallow (2022) The Performance of Multi-Type Environmental Credit Trading Markets: Lab Experiment Evidence. <em>Journal of Environmental Economics and Management.<\/em><\/p>\n\n\n\n<p><strong>Liu, P. <\/strong>and S. Swallow (2021) Incentive Compatibility and the Consequences when it is Missing: Experiments with Water Quality Credits Purchase. <em>Land Economics.<\/em><\/p>\n\n\n\n<p><strong>Liu, P.<\/strong> (2021) Balancing Cost-Effectiveness and Incentive Properties in Conservation Auctions: Experimental Evidence from Three Multi-Award Reverse Auction Mechanisms. <em>Environmental and Resource Economics<\/em>.<\/p>\n\n\n\n<p>Wakamatsu, M., C.M. Anderson, and <strong>H. Uchida<\/strong> (2021) Revenue sharing and social capital in community-based resource management: Empirical evidence from Japanese surf-clam fisheries. <em>Land Economics<\/em> 97(2): 455-475<\/p>\n\n\n\n<p><strong>Liu, P.<\/strong> and S. Swallow (2019) Multi-Units Public Good Provision Using Individualized Price Auction: Experimental Evidences.&nbsp; <em>Journal of the Association of Environmental and Resource Economists&nbsp;<\/em><\/p>\n\n\n\n<p>Brozyna, C., <strong>T.<\/strong> <strong>Guilfoos,<\/strong> and S. Atlas (2018) Slow and deliberate cooperation in the commons. <em>Nature Sustainability<\/em> 1(4): 184-189.<\/p>\n\n\n\n<p>An, Y., Y. Hu, and <strong>P. Liu<\/strong> (2018) Estimating Private Provision of Public Goods with Heterogeneous Participants: A Structural Analysis.&nbsp; <em>Journal of Economic Behavior &amp; Organization<\/em> 152: 124-146.<\/p>\n\n\n\n<p><strong>Sproul, T. W.<\/strong>, and C.P. Michaud (2017) Heterogeneity in loss aversion: evidence from field elicitations. <em>Agricultural Finance Review<\/em><\/p>\n\n\n\n<p>Anderson, C.M. and <strong>H. Uchida<\/strong> (2014) An experimental examination of fisheries with concurrent common pool and individual quota management. <em>Economic Inquiry<\/em> 52(2): 900-913<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Behavioral economics uses variants of traditional economic assumptions, often with a psychological motivation, to explain and predict behavior, and to provide policy prescriptions. Experimental economics tests economic theory predictions with human subjects in a laboratory setting and can be used to design better policies. Faculty Selected Publications Li, Z., P. Liu, and S. Swallow (2022) [&hellip;]<\/p>\n","protected":false},"author":1962,"featured_media":0,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-693","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/users\/1962"}],"replies":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/comments?post=693"}],"version-history":[{"count":4,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/693\/revisions"}],"predecessor-version":[{"id":710,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/693\/revisions\/710"}],"up":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/14"}],"wp:attachment":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/media?parent=693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}