Developments on Experimental Economics New Approaches to Solving Rea
This volume presents papers and speeches given in the Experimental E- nomics Week in Honour of Dr Vernon L. Smith held in Okayama and Kyoto, 13-17 December 2004, which consisted of Dr Smith’s public speech and the International Conference on Experiments i
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Founding Editors: M. Beckmann H.P. Künzi Managing Editors: Prof. Dr. G. Fandel Fachbereich Wirtschaftswissenschaften Fernuniversität Hagen Feithstr. 140/AVZ II, 58084 Hagen, Germany Prof. Dr. W. Trockel Institut für Mathematische Wirtschaftsforschung (IMW) Universität Bielefeld Universitätsstr. 25, 33615 Bielefeld, Germany Editorial Board: A. Basile, A. Drexl, H. Dawid, K. Inderfurth, W. Kürsten, U. Schittko
Sobei Hidenori Oda (Editor)
Developments on Experimental Economics New Approaches to Solving Real-world Problems
With 64 Figures and 36 Tables
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Professor Sobei Hidenori Oda Faculty of Economics Kyoto Sangyo University Motoyama, Kamigamo, Kita-ku Kyoto 603-8555 Japan [email protected]
Library of Congress Control Number: 2007927160
ISSN 0075-8442 ISBN 978-3-540-68659-0 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springer.com © Springer-Verlag Berlin Heidelberg 2007 The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Production: LE-TEX Jelonek, Schmidt & V¨ ockler GbR, Leipzig Cover-design: WMX Design GmbH, Heidelberg SPIN 11954422
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Preface
This volume presents papers and speeches given in the Experimental Economics Week in Honour of Dr Vernon L. Smith held in Okayama and Kyoto, 13-17 December 2004, which consisted of Dr Smith’s public speech and the International Conference on Experiments in Economic Sciences: New Approaches to Solving Real-world Problems. Despite having a short history, experiments are now considered indispensable in economics as in other fields of science and engineering. As Dr Smith’s Nobel Prize (2002) shows, experimental economics has now established itself in modern economics. In such an environment, researchers are expected to develop the tradition with new ideas in new fields for solving various problems in the real world. The Experimental Economics Week, which was organised to explore new fields for experiments with new approaches, provided a unique opportunity for those who were engaged or interested in experiments in their fields to discuss experimental approaches from various standpoints. Economic experiments broaden and deepen our understanding of human behaviour, the economy and the
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