Phil Mirowski's forthcoming book, _Machine Dreams_, dispenses with Vernon
Smith's claim with characteristic bite and rigour. I have seen a couple chs. of
the book, btw, and it should cause a stir at least equal to his _More Heat than
Light_.
-Original Message-
From: Michael Perelman [ma
At 09:53 AM 10/2/00 -0700, you wrote:
>Last night, I noted in the Journal of Economic Perspectives that one of
>the leading experimental economists claimed that their work verified
>Hayek's (my voice recognition read this as: high acts) theory of
>spontaneous order. They also take credit for deve
I have only seen one chapter, but I would have to agree with Mat.
"Forstater, Mathew" wrote:
> Phil Mirowski's forthcoming book, _Machine Dreams_, dispenses with Vernon
> Smith's claim with characteristic bite and rigour. I have seen a couple chs. of
> the book, btw, and it should cause a stir
experimental econ is
getting a boost).
Mat
-Original Message-
From: Jim Devine [mailto:[EMAIL PROTECTED]]
Sent: Monday, October 02, 2000 1:37 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:2584] Re: experimental economics
At 09:53 AM 10/2/00 -0700, you wrote:
>Last night, I noted in the
At 03:01 PM 10/2/00 -0500, you wrote:
>The next thing is that most of these experiments have rules that participants
>MUST follow. This has a couple of implications. First, this limits the
>relevance
>of any results to cases where this holds (where people also must follow these
>rules). Second,
I haven't read the LF article, but the one rather neat
thing that comes out of a lot of the experimental econ
stuff, is that people are not "rational" in the sense that
neoclassical economists usually assume. Of course this can
be restated as the "people behave according to their
instit
