Experimental Economics

Erscheinungsjahr 2005
ISBN: 978-0-471-70625-0
Verlag: John Wiley & Sons

Buch, Englisch, 336 Seiten, Format (B × H): 166 mm x 228 mm, Gewicht: 367 g

Experimental Economics is an engaging and accessible introduction to the cutting-edge field of experimental economics-which deals with the internal workings of the market and its participants. Ross Miller, a pioneer in this field and a leading financial consultant, takes over 50 years of research from the top universities and relates it to the everyday operation of familiar markets. The topic of experimental economics is discussed in-depth so that readers may better understand the ideas behind this process. Readers will also gain an understanding of how a new breed of applied researchers in the field of experimental economics are learning how to avoid the catastrophes of broken markets and how to design markets that more efficiently connect buyers and sellers at mutually agreeable prices.

Autoren/Hrsg.

Miller, Ross M.

Weitere Mitwirkende

Smith, Vernon L.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

Foreword by Vernon L.Smith.

Preface.

Acknowledgments.

Chronology of Major Events.

PART I: BUBBLES AND EXPERIMENTS.

1. Wind Tunnel Markets.

2. Bargain Hunting.

3. A Tale of Two Smiths.

4. Bubbles in the Lab.

5. Bubbles in the Wild.

PART II: INSIDE MARKETS: OPTIONS, INFORMATION, AND LIQUIDITY.

6. Black Monday.

7. All the World's an Option.

8. The Invisible Hand Discovers Prices.

9. Sending Signals and Keeping Score.

10. It All Comes Down to Money.

PART III: GRIDLOCK AND THE ROAD TO SMART MARKETS.

11. The Market Is Tied Up in Knots.

12. Making Markets Intelligent.

13. The Smart Auction Block.

14. Good Intentions.

Notes.

Bibliography.

Index.

Über Autor(innen)

ROSS M. MILLER teaches finance at the State University of New York at Albany and heads an international risk management consultancy with a client list that includes GE, Bank of America, Barclays, and MBIA. Previously, he was a senior vice president and director of research at National Westminster Bank. Miller is coauthor of the international bestseller What Went Wrong at Enron (Wiley).