Lecture is about the Oral Double Auction Experiment and the convergence to equilibrium and the relationship of this convergence with the Supply and Demand theory. We also discuss methodology. In particular, the relation between theories, models and reality, and how this is drastically mis-understood in the West, leading to great difficulties in understanding the relationship between the two. The ODA experiment is a model of reality, and then we can use ABM models to create models for the ODA.
Holt Experimental Economics in the Classroom - A description of a variety of experiments, and how to conduct them in classrooms
Economists Confuse Greek Methodology with Science - Explains further about how economists use axiomatic/deductive methodology, which is pre-scientific, and think that it is scientific methodology
Cassar Friedman: Econ Lab: Intensive Course in Exp Econ - Supplementary textbook for students to read, to learn how to conduct experiments.
AM2L02 ODA and, S&D Theory - Relation between models and reality, and whether ODA confirms the S&D model. The necessity of considering disequilibrium dynamics. You Tube Video 1hr 36m