"For anyone interested in experimental economics this is a book that one should have on one's shelf. Plott and Smith have assembled a collection of papers that illustrate the power of experimental methods for understanding the appropriate role of markets and other institutions for dealing with real-world problems. "
--Howard Kunreuther, Wharton School, University of Pennsylvania
"Plott and Smith have provided an incisive and instructive summary of the results and methods of experimental economics, and a comprehensive handbook of experimental methods and findings from applied mechanism design to the study of behavior and interaction of economic agents.
This handbook is an outstanding introduction to the experimental methods that are transforming economics, and an essential addition to the bookshelf of every economist interested in understanding and participating in this emerging field."
--Daniel L. McFadden, University of California, Berkeley
About the Author
Edward S. Harkness Professor of Economics and Political Science
Fellow of the American Academy of Arts and Sciences
Fellow of the Econometric Society
Diplôme Docteur honoris causa, L'université Pierre Mendès (France), 1996
Doctor of Letters honoris causa, Purdue University , 1995
Vernon L. Smith, Nobel Prize winner in Economics, 2002, is currently Professor of Economics and Law at George Mason University, a research scholar in the Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center all in Arlington, VA. He received his bachelor's degree in Electrical Engineering from Cal Tech, and his Ph.D. in Economics from Harvard. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics.