Taxi Drivers and Beauty Contests

Author: Camerer, Colin F.

Published in: Engineering and Science, Volume 60, Number 1, 1997, pp. 10-19

Part of: Engineering and Science, Volume 60:1, 1997

Item Category: Feature Articles

Persistent URL: https://resolver.caltech.edu/CaltechES:60.1.Taxi

Abstract

Real people don't always behave the way classic economic theory says they should. The emerging field of experimental economics is beginning to find out why.

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