Item #12134 Rationality in Economics: Constructivist and Ecological Forms. Vernon L. Smith.

Rationality in Economics: Constructivist and Ecological Forms

Cambridge: Cambridge University Press, 2010.

Paperback. 9" X 6". xx, 364pp. Very mild rubbing and shelf wear to covers, corners, and edges of pictorial paper wraps. Pages are clean and unmarked. Binding is sound.

ABOUT THIS BOOK:
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.(Publisher). Very good. Item #12134
ISBN: 9780521133388

Price: $25.00

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