๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Learning in a Laboratory Market with Random Supply and Demand

โœ Scribed by Timothy N. Cason; Daniel Friedman


Book ID
110284414
Publisher
Springer
Year
1999
Tongue
English
Weight
112 KB
Volume
2
Category
Article
ISSN
1386-4157

No coin nor oath required. For personal study only.


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## Abstract Even when participants know very little about their environment, the market itself, by serving as a selection process of information, promotes an efficient aggregate outcome. To emphasize the role of the market and the importance of natural selection rather than the strategic actions of