Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appear blurred and may produce...

In the experiment, subjects have tables at their disposal that indicate the expected future dividend stream, which corresponds to the fundamental value, at any time. Subjects take a quiz on how to read the table before the market opens. Thus the fundamental value of the asset is common knowledge...

The experimental work demonstrates that markets have the capacity to collect information through a process of equilibration and that fact suggests the feasibility of creating a system of markets that have only a purpose of gathering information. The laboratory work suggests that theory and...