(Ebook) Paving Wall Street: Experimental Economics and the Quest for the Perfect Market by Ross M. Miller ISBN 9780471121985, 0471121983

(Ebook) Paving Wall Street: Experimental Economics and the Quest for the Perfect Market by Ross M. Miller ISBN 9780471121985, 0471121983

Praise for Paving Wall Stree "This is a remarkable book that weaves the deep scientific roots of modern finance and modern financial institutions with humorous perspective and considerable wisdom. Few understand the pervasive and complex economic principles that govern our world of finance. Few are aware of the academic and scientific origins of financial practices and market instruments that are commonplace today. Ross Miller uses his experience and talents acquired as an experimental economist to help us understand a world that is contradictory, potentially dangerous, and paradoxical. He entertains us while doing it." —Charles R. Plott, Edward S. Harkness Professor of Economics and Political Science, California Institute of Technolog "Decisions by millions of individuals produce the fierce tides and churning seas of Wall Street. Miller wields his microscope in the laboratory of experimental economics to provide a sprightly and insightful analysis of investor behavior." —Richard Zeckhauser, Frank P. Ramsey Professor of Political Economy, John F. Kennedy School of Government, Harvard Universit "Dramatic new ways for buying and sellingspectrum auctions, e-commerce, derivativesare the economics professions contribution to the Information Revolution. This book explains how many of these innovations began with simple experiments at Caltech. The style is a refreshing combinationdramatic and fun to read, but also historically and scientifically accurate. So, I can send one to my Dad, a salesman, and another to my girlfriend, a patent attorney." —Colin Camerer, Rea and Lela Axline Professor of Business Economics, California Institute of Technolog "Paving Wall Street is a first-rate insight into bubbles and the experimental research performed on the topic by leading academicians such as Vernon Smith." —David Dreman, Chairman, Dreman Value Managemen "Academic ideas have revolutionized how Wall Street operates. Entirely new markets have been created. This revolution continues today, accelerated by the rise of increasingly automated markets. Ross Miller has produced a book that makes the leading-edge financial and economic thinking that shapes these new markets accessible to practitioners and professionals. With no equations and a deft touch, this is an excellent guide to the future of greater Wall Street." —David J. Leinweber, PhD, Economics/Social Sciences, California Institute of Technology