Access Utah

Experimental Economics on Thursday's Access Utah

Informações:

Sinopsis

Dr. Vernon L. Smith was teaching at Purdue in 1955 when he decided to test out an approach he hoped would help his students better understand how the marketplace functions. He conducted a classroom experiment that had half his students selling fictitious goods to the other students who were acting as buyers. That led to his research in experimental economics which eventually won him the Nobel Prize in 2002.