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Learning From a Laureate: Dr. Vernon L. Smith
The American EconomistIn this article, Abel Winn reflects on his experiences as a student and colleague of Nobel laureate Vernon L. Smith.
Abel Winn
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The energy behind Vernon Smith's experimental economics
Cambridge Journal of Economics, 2007This paper begins with the interplay of the induced value theory and the Hayek hypothesis, and subsequently suggests that we need to understand Vernon Smith's experimental method as not simply empirical, but encompassing a commitment to a special version of neoclassical demand theory.
Kyu Sang Lee, Philip Mirowski
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Are there normative social epistemologies? Vernon Smith, Adam Smith, and the challenge of systems
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Vernon Smith's Explanation of Moral Sentiments
Forum for Social Economics, 2013This paper is a comment on Vernon Smith's paper, Adam Smith: from propriety and sentiments to property and wealth. This paper argues that while Vernon Smith is correct in his analysis that Adam Smith's theory of human nature, as expressed in The Theory of Moral Sentiments, provides a much more accurate model of behavior than does that of utility ...
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Vernon Smith Meets Messi in the Laboratory
2014This chapter focuses on zero-sum experimental games where players are predicted to choose probability mixtures. Whereas perfectively competitive games do not represent the entire universe of strategic games involving mixed strategies, they are considered a “vital cornerstone”and can be regarded as the branch of game theory with the most solid ...
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Introduction: Applying the Experimental Method to Economic Thought: From Adam Smith to Vernon Smith
2016This paper aims to identify the significance of the emergence of experimental methods in economics, by reviewing behavioral theory in the history of economic thought. Economists have adopted numerous approaches in their attempts to resolve what is called das Adam Smith Probleme (the Adam Smith problem)—how to theoretically explain human behaviors ...
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