Results 181 to 190 of about 13,005 (214)
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Vernon Smith: economics as a laboratory science

The Journal of Socio-Economics, 2004
Vernon Smith shared the Nobel Prize in 2002 with Daniel Kahneman. This article surveys Smith’s contributions to economics. His early efforts led to greater understanding of markets and market institutions, which developed into important contributions to the design of new markets. Subsequent research focused on the complexity of behavior in simple games,
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Vernon Smith Meets Messi in the Laboratory

2014
This 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

2016
This 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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Foundations of Behavioral and Experimental Economics: Daniel Kahneman and Vernon Smith [PDF]

open access: possible, 2002
Advanced information on the Prize in Economic Sciences 2002. Until recently, economics was widely regarded as a non-experimental science that had to rely on observation of real-world economies rather than controlled laboratory experiments. Many commentators also found restrictive the common assumption of a homo oeconomicus motivated by self-interest ...
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Introduction to the Special Issue in Honor of Professor Vernon Lomax Smith

Journal of Behavioral Finance, 2022
Mark DeSantis, David Porter
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