A Life of Experimental Economics, Volume II: The Next Fifty Years

Vernon L. Smith

November 23, 2018

A Life of Experimental Economics, Volume II: The Next Fifty Years by Vernon L. Smith is a comprehensive look at the history, evolution, and future of experimental economics. Smith, best known for his groundbreaking research in this field, examines the successes and limitations of current experiments, as well as exploring what the future may hold.The book dives into the history of the discipline, starting from its roots in the early 20th century. Chapters discuss the development of individual experiments, their subsequent use in areas such as industrial organization, market design, and public finance. Smith then looks to the future, exploring possible new frontiers for experimental economics such as cognitive science and psychology.Volume II is ideal for anyone interested in discovering or deepening their understanding of the experimental economics discipline. Smith draws from his extensive experience and incorporates cutting-edge theories and research to create an enjoyable and accessible read. He also brings in anecdotes and personal stories, making the book not only educational but also inspiring.Overall, A Life of Experimental Economics, Volume II: The Next Fifty Years is an interesting, informative, and inspiring read. It is a must-have for economics enthusiasts and those looking to explore the world of experimental economics.