Experimental Economics : How We Can Build Better Financial Markets

In a little more than thirty years, the field of experimental economics has gone from obscurity to international recognition with the presentation of the 2002 Nobel Prize in Economics to Vernon L. Smith, who took a classroom exercise he saw as a Harvard graduate student and turned it into one of the hottest areas in economics. Experimental Economics is an engaging and accessible introduction to the field by Ross M. Miller, one of Professor Smiths first student collaborators and a pioneer in the application of experimental methods to financial markets. His book uses a series of experimental case studies to examine what makes markets work, what can cause them to break, and how experimental methods can be used to repair them.Order your copy of this dramatic and fun-to-read exploration of the ideas shaping the future of the global economy today.

ROSS M. MILLER teaches finance at the State University of New York at Albany and heads an international risk management consultancy with a client list that includes GE, Bank of America, Barclays, and MBIA. Previously, he was a senior vice president and director of research at National Westminster Bank. Miller is coauthor of the international bestseller What Went Wrong at Enron (Wiley).