Bargaining and Market Behavior
Essays in Experimental Economics
By (author) Vernon L. Smith
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Bargaining and Market Behavior by Vernon L. Smith
Book DescriptionThis second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.
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Book DetailsISBN: 9780521021487
(228mm x 152mm x 27mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 15-Dec-2005
Country of Publication: United Kingdom
Books By Author Vernon L. Smith
Rethinking Housing Bubbles, Hardback (May 2014)
Steven D. Gjerstad and Nobel Laureate Vernon L. Smith demonstrate the critical role that household and bank balance sheets play in economic cycles.
Rationality in Economics, Paperback (October 2009)
This book explores constructivist and ecological approaches to rationality in economics.
Handbook of Experimental Economics Results, Hardback (January 2008)» View all books by Vernon L. Smith
Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. This book reflects the spirit of adventure that experimentalists share and focuses on experiments in general rather than forcing an organization into traditional categories that do not fit.
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