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"Science is about physical and biological mechanisms, about discovering how things work, about engineering, about theories that describe and can predict observations that we experience entirely through our senses or their extension through instruments. It is the instruments of science that supply us with the indirect evidence of things not seen. It is like Plato's allegory of the ave, in which reality can only be experienced as shadows on the cave wall. An experimental physicist says that he measures the "spin" of an electron, but in actuality, he records certain effects on a screen and uses the theory (his faith) to calculate its meaning as a measurement." |
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Vernon Smith
Economist
Harvard University, PhD Economics
University of Kansas, MA Economics
Caltech, BS Electrical Engineering
Adam Smith's Theory of Society
Economics of Markets
Humanomics
A Life of Experimental Economics, Volume II
A Life of Experimental Economics, Volume I
The Evidence of Things Not Seen
Rethinking Housing Bubbles
Rationality in Economics
Handbook of Experimental Economics Results
Bargaining and Market Behavior
Papers in Experimental Economics
Wikipedia
Also see:
Vernon Smith interview, #1
Michael Covel's Film |
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