Rationality in Economics: Constructivist and Ecological Forms

by Vernon L. Smith

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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...

Format:Paperback

Language:English

ISBN:0521133386

ISBN13:9780521133388

Release Date:October 2009

Publisher:Cambridge University Press

Length:386 Pages

Weight:0.15 lbs.

Dimensions:0.5" x 6.0" x 8.9"

Related Subjects

Business Business & Investing Economics Education & Reference Microeconomics Popular Economics

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Rationality in Economics: Constructivist and Ecological Forms

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