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Bargaining and Market Behavior: Essays in Experimental Economics
Paperback / softback
Main Details
Title |
Bargaining and Market Behavior: Essays in Experimental Economics
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Authors and Contributors |
By (author) Vernon L. Smith
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Physical Properties |
Format:Paperback / softback | Pages:476 | Dimensions(mm): Height 229,Width 151 |
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Category/Genre | Economic theory and philosophy |
ISBN/Barcode |
9780521021487
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Classifications | Dewey:330.01 |
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Audience | Professional & Vocational | |
Illustrations |
64 Tables, unspecified; 93 Line drawings, unspecified
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Publishing Details |
Publisher |
Cambridge University Press
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Imprint |
Cambridge University Press
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Publication Date |
15 December 2005 |
Publication Country |
United Kingdom
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Description
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.
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