Playing Games for Better Business: Using Economics Experiment to Test Business Policies
نویسنده
چکیده
In retrospect, it is inevitable that the business world will take notice of experimental economics. Laboratory experiments have become an increasing important tool in economics to study behavior, test policies and provide information to design better mechanisms. On one hand, pioneers such as Vernon Smith and Charles Plott have provided the link between economics theory and actual economics behavior in areas such as markets and auction processes. On the other hand, experimental methods have been used to study policy in areas such as emission trading, natural-gas pipelines, transportation and allocation of precious NASA deep space resources.
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