We summarize and review the literature on two types of economic experiments. First, we explore the consequences for environmental policies of the vast body of literature refuting the assumption that humans are concerned only with their own private welfare. We review the literature addressing...

We study sequential parimutuel betting markets with asymmetrically informed bettors, using an experimental approach. In one treatment, groups of eight participants play twenty repetitions of a sequential betting game. The second treatment is identical, except that bettors are observed by other...