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The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek.
Vernon L. Smith,Rationality in Economics Constructivist and Ecological Forms,Cambridge University Press,0521133386,Economics - Comparative,Constructivism (Philosophy),Ecology,Ecology.,Economics - Methodology,Economics;Methodology.,BUSINESS ECONOMICS / Economics / Comparative,BUSINESS ECONOMICS / Economics / Microeconomics,Business Economics,Business Economics / Economics / General,Business / Economics / Finance,Business/Economics,Economic theory philosophy,Economics,Economics - General,History of ideas,Methodology,Non-Fiction,UNIVERSITY PRESS

Rationality in Economics Constructivist and Ecological Forms 9780521133388 Economics Books Reviews :

The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek.

Vernon L. Smith,Rationality in Economics Constructivist and Ecological Forms,Cambridge University Press,0521133386,Economics - Comparative,Constructivism (Philosophy),Ecology,Ecology.,Economics - Methodology,Economics;Methodology.,BUSINESS ECONOMICS / Economics / Comparative,BUSINESS ECONOMICS / Economics / Microeconomics,Business Economics,Business Economics / Economics / General,Business / Economics / Finance,Business/Economics,Economic theory philosophy,Economics,Economics - General,History of ideas,Methodology,Non-Fiction,UNIVERSITY PRESS

Rationality in Economics Constructivist and Ecological Forms 9780521133388 Economics Books @

 

Product details Paperback 386 pages Publisher Cambridge University Press; 1 edition (October 12, 2009) Language English ISBN-10 0521133386

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