From individual rationality to market rationality -market theory research in the vision of experimental economics
September 02, 2022 10:31 Source: China Social Sciences Magazine Author: Nae Hejing

  Bet365 app download Although experiments are widely regarded as an economic research method,Experimental economics has a distinctive theoretical economics attribute。Especially for the major theoretical bet365 best casino games problems of how the market allocates resources,It relies on the series of market experimental conclusions of a series of market experiments,question,That is, no individual rationality is required、Large -scale transactions and complete information conditions,Small -range traders in the real world,Only decentralized private information and limited cognitive capabilities,It can also be repeatedly interacting and learning under the appropriate bet365 Play online games market trading rules,Finally, the market converges the competitive balance of effective allocation of resources。So,Market realizing competitive balance does not depend on the individual rationality of traders,Instead, it depends on the "wisdom of the group", that is, the market rationality; the efficiency of improving the market allocation of resources is not to provide large -scale trading and complete information conditions for puppet rational traders,In building bet365 Play online games a suitable market trading system to promote real traders to conduct information exchange and effective learning,To achieve market rationality。 

  Keywords:Experimental Economy Market Experimental Individual Performance Markets rationality 

  AuthorThat art,Associate Professor of School of Economics, Nankai University; He Jingtong,Professor of School of Economics, Nankai University。(Tianjin 300071) 

Editor in charge: Cui Cen
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