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Microeconomics --- Decision making --- Markets --- Negotiation in business --- Oligopolies --- Prise de décision --- Marchés --- Micro-économie --- Négociations (Affaires) --- Oligopoles --- Decision Making --- 330.1 --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- Competition, Imperfect --- Interorganizational relations --- Business --- Price theory --- Economics --- Public markets --- Commerce --- Fairs --- Market towns --- Economische grondbegrippen. Algemene begrippen in de economie --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- Prise de décision --- Marchés --- Micro-économie --- Négociations (Affaires) --- Micro-economie

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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: through emergent socio-economic institutions and cultural norms, people achieve ends that are unintended and poorly understood. In cultural changes, the role of constructivism, or reason, is to provide variation, and the role of ecological processes is to select the norms and institutions that serve the fitness needs of societies.

Constructivism (Philosophy) --- Ecology --- Economics --- 330.01 --- 330.2 --- 330.3 --- AA / International- internationaal --- Balance of nature --- Biology --- Bionomics --- Ecological processes --- Ecological science --- Ecological sciences --- Environment --- Environmental biology --- Oecology --- Environmental sciences --- Population biology --- Philosophy --- Methodology --- Economische analyse en research. Theorie van de informatie --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Methodology of economics --- Economische analyse en research. Theorie van de informatie. --- Methodologie van de economie --- Ecology. --- Methodology. --- Rational expectations (Economic theory) --- Expectations, Rational (Economic theory) --- Economic forecasting --- Time and economic reactions --- Uncertainty --- Business, Economy and Management

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This book provides an intimate history of Nobel Laureate Vernon Smith’s early life, combining elements of biography, history, economics and philosophy to show how crucial incidents early in his life provided the necessary framework for his research into experimental economics. Smith takes the reader from his family roots on the railroads and oil fields of Middle America to his early life on a farm in Depression-wracked Kansas. A mediocre student in high school, Smith attended Friends University, on Wichita’s west side, where an intense study of mathematics, physics, chemistry, and astronomy enabled him to pass the examinations to enter Caltech and study under luminary scientists like Linus Pauling. Eventually Smith discovered economics and pursued graduate study in the field at University of Kansas and Harvard. This volume ends with his Camelot years at Purdue, where he began his famous work in experimental economics, nurturing his research into an unlikely new field of economics.

Economists --- Behavioral economics. --- Economic history. --- Popular Science in Economics. --- Behavioral/Experimental Economics. --- Economic History. --- History of Economic Thought/Methodology. --- Economic conditions --- History, Economic --- Economics --- Behavioral economics --- Behavioural economics --- Economics. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Experimental economics. --- Experimental Economics. --- History of Economic Thought and Methodology. --- History. --- Methodology

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This 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.

Economics --- Experimental economics --- 330.1 --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- Economische grondbegrippen. Algemene begrippen in de economie --- Economic theory --- Political economy --- Social sciences --- Economic man --- Behavioral economics --- Behavioural economics --- Psychological aspects --- Simulation methods --- Methodology --- Microeconomics --- Business, Economy and Management --- Experimental economics. --- Simulation methods. --- Psychological aspects.

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