Wednesday, June 25, 2008

Promising Fields in Economics

Experimental economics and neuroeconomics are two of the most promising fields to shake up the economics profession since game theory. They combine laboratory experiments with psychology to get a better understanding of human action.

Several BHI summer interns took part in a series of experimental games several weeks ago and were impressed with both the methodology and results.

Ronald Bailey has an interesting article in Reason magazine looking at some of the most recent research being done in the field and it's implications for how we think about economics and public policy.

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