Experimental EconomicsExperimental Economics facilitates the application of laboratory methods to general economic research and education, and, in the future, developing other potential new subfields of economics. One focus is electronic commerce and information economics. Another examines the evolving process of exchange and specialization. This research area is being developed by Vernon Smith and Bart Wilson. ICES also fosters basic research in experimental methods in business and economics such as the investigation of investor overreaction and price bubbles in asset markets.
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