IBSS Experimental Economics Lab

IBSS Experimental Economics Lab

Overview

The IBSS Experimental Economics Laboratory, located in BS294, is equipped with 45 desktop computers integrated with webcams. The facility maintains a participant pool managed through the Online Recruitment System for Economic Experiments (ORSEE). Over the past few decades, experimental economics has emerged as one of the most successful and rapidly evolving subfields of economics. It employs controlled experiments to investigate human behaviour, test economic theories, and develop innovative models that incorporate psychologically plausible foundations. Researchers in the laboratory can design diverse experiments aligned with their academic interests. Students participating in experiments make economic decisions within simulated environments and receive monetary rewards contingent on their strategies. For pedagogical purposes, classroom-based experiments are particularly effective in elucidating complex concepts such as individual decision-making, firm strategy, and economic game theory. Aligned with research-led teaching, students may also utilise laboratory experiments for dissertation projects to deepen their research capabilities.

Research Projects

  • National Natural Science Foundation of China (NSFC)
    Project: The Impact of Social Status Competition on Games with Strategic Complementarities in Social Networks: Theoretical and Experimental Studies (2023–2025), RMB 300,000
    Principal Investigator (PI): Dr Mofei Jia
  • Research Development Fund(RDF)
    Project: CDS, Information, and Rumours in Experimental Asset Markets – The Influence of Information and Personality Traits (2019–2024), RMB 98,360
    Principal Investigator (PI): Dr Ye Bai, Department of Economics, IBSS
  • Research Enhancement Fund(REF)
    Project: Peer Effects and Network Formation (2021–2024), RMB 50,000
    Principal Investigator (PI): Dr Mofei Jia

 

Workshop

  • Workshop: Decoding Decision-Making: A Journey through the Experimental Economics Laboratory (EEL) and Biometrics Laboratory (BL), 6 May 2024.

 

Laboratory Director

Dr Mofei Jia (贾莫菲), Assistant Professor, Department of Economics (ECO)
Email: Mofei.Jia@xjtlu.edu.cn
Office: BS 324