Published January 1975 | Version Submitted
Working Paper Open

Experimental Economics: Theory and Results

Abstract

It is the premise of this paper that the study of the decision behavior of suitably motivated individuals and groups in laboratory or other socially isolated settings such as hospitals (Battalio, Kagel, et al., 1973) has important and significant application to the development and verification of theories of the economic system at large.

Additional Information

Published as Smith, Vernon L. "Experimental economics: Induced value theory." The American Economic Review 66.2 (1976): 274-279.

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Alternative title
Experimental Economics: Induced Value Theory

Identifiers

Eprint ID
82809
Resolver ID
CaltechAUTHORS:20171031-134850120

Dates

Created
2017-10-31
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Updated
2019-10-03
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Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
73