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Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Theory, Experiment and Economics

  • Vernon L. Smith
Journal of Economic Perspectives
vol. 3, no. 1, Winter 1989
(pp. 151–169)
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Abstract

It is now over thirty years since research was initiated in the laboratory experimental study of market behavior and performance. This essay provides my interpretation of what the implications of this type of work are for the study of economics.

Citation

Smith, Vernon L. 1989. "Theory, Experiment and Economics." Journal of Economic Perspectives, 3 (1): 151–169. DOI: 10.1257/jep.3.1.151

JEL Classification

  • 215 Experimental Economic Methods
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