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"What use are experimental results to someone who is interested in something vastly larger and more complicated, perhaps fundamentally different than anything that can be studied in a laboratory setting?"
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Charles Plottpreferences ⊕ institutions ⊕ physical possibilities = outcomes — Charles Plott
"preferences ⊕ institutions ⊕ physical possibilities = outcomes"
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Charles Plott
Charles Plott
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Charles Raymond Plott is an American economist. He is the William D. Hacker Professor of Economics and Political Science, Emeritus, at the California Institute of Technology, the former Director of the Laboratory for Experimental Economics and Political Science, and a pioneer in the field of experimental economics. His research is focused on the basic principles of process performance and the use
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"Almost anything one says or has said about what society wants or should get is threatened with internal inconsistency."
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Charles Plott