Rationality in Economics: Constructivist and Ecological Forms [Hardcover] Smith, Vernon L

Rationality in Economics: Constructivist and Ecological Forms [Hardcover] Smith, Vernon L

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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, ...

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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 twoperson games, cooperation exceeds the prediction of traditional game theory This book relates these two findings to field studies and applicati ISBN10: 0521871352 ISBN13: 9780521871358 Material Type: hardcover
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