Vernon Smith's Insomnia and the Dawn of Economics as Experimental Science

Vernon Smith’s Insomnia and the Dawn of Economics as Experimental Science

If asked to produce a list of current economists whose work will most influence the development of economics over the next 50 years, I would put Vernon Smith’s name close to the top. As Smith (1987) once remarked, economics has been traditionally considered an ‘‘observational’’ science like astronomy or meteorology, rather than an experimental science like physics or chemistry. The great accomp...

Foundations of Behavioral and Experimental Economics : Daniel Kahneman and Vernon

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 and capable of making rational decisions. But research in economics has taken off in new directions. A lar...

ترجمه و نقد کتاب the justification of science and the rationality of religious belife

چکیده ندارد.

The Same Face of the Two Smiths: Adam Smith and Vernon Smith

Experimental Economics: Science or What?

Do we want experimental economics to evolve into a genuine science? This paper uses the literature on inequity aversion as a case study in warning that we are at risk of losing the respect of other scientific disciplines if we continue to accept the wide claims about human behavior that are currently being advanced without examining either the data from which the claims are supposedly derived o...