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|a Smith, Vernon L.
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|a Rationality in economics :
|b constructivist and ecological forms /
|c Vernon L. Smith.
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|a Cambridge ;
|a New York :
|b Cambridge University Press,
|c 2008.
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300 |
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|a 1 online resource (xx, 364 pages) :
|b illustrations
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336 |
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|a text
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|a Includes bibliographical references (pages 329-351) and index.
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|a Print version record.
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|a 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.
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|a Cover; Half-title; Title; Copyright; Dedication; Contents; Preface; Acknowledgments; Introduction; PART 1: RATIONALITY, MARKETS, AND INSTITUTIONS; 1 Rediscovering the Scottish Philosophers; 2 On Two Forms of Rationality; PART 2: IMPERSONAL EXCHANGE: THE EXTENDED ORDER OF THE MARKET; 3 Relating the Two Concepts of a Rational Order; 4 Market Institutions and Performance; 5 Asymmetric Information and Equilibrium without Process; 6 FCC Spectrum Auctions and Combinatorial Designs; 7 Psychology and Markets; 8 What Is Rationality?; PART 3: PERSONAL EXCHANGE: THE EXTERNAL ORDER OF SOCIAL EXCHANGE
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|a 9 Emergent Order without the Law10 The Effects of Context on Behavior; 11 Investment Trust Games; 12 Reciprocity in Trust Games; PART 4: ORDER AND RATIONALITY IN METHOD AND MIND; 13 Rationality in Science; 14 Neuroeconomics; 15 A Summary; References; Index
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546 |
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|a English.
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|a eBooks on EBSCOhost
|b EBSCO eBook Subscription Academic Collection - Worldwide
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|a Economics
|x Methodology.
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|a Constructivism (Philosophy)
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|a Ecology.
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|a Économie politique
|x Méthodologie.
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|a Economics
|x Methodology.
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|0 (OCoLC)fst00902160
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|i Print version:
|a Smith, Vernon L.
|t Rationality in economics.
|d Cambridge ; New York : Cambridge University Press, 2008
|z 9780521871358
|z 0521871352
|w (DLC) 2007002899
|w (OCoLC)80917199
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