"Homo economicus... is not the same as Homo sapiens."
— paraphrase of a recurring theme across Vernon Smith's writing and Nobel lecture (2002)Policy-Related Talks & Surveys
Recent Economic News
Recommended Empirical Research Studies
Franco, Modigliani & Merton, H. Miller. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(June 1958): 261-297.
George A. Akerlof. (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84(3): 488-500.
Fischer, Black & Myron, Scholes. (1973). The Pricing of Options and Corporate Liabilities. The Journal of Political Economy, 81(3): 637-654.
Robert, E. Lucas Jr. (2003). Macroeconomic Priorities. The American Economic Review, 93 (1): 1-14.
John, B. Taylor & John, C. Williams. (2009). A Black Swan in the Money Market. The American Economic Journal: Macroeconomics, 1(1): 58-83.