By VERNON L. SMITH* When we leave our closet, and engage in the common affairs of life, (reasonâs) conclusions seem to vanish, like the phantoms of the night on the appearance of the morning; and âtis difï¬cult for us to retain even that conviction, which we had attained with difï¬culty ... (David Hume, 1739, 1985, p. 507). ... we must constantly adjust our lives, our thoughts and our emotions, in order to live simultaneously within different kinds of orders according to different rules. If we were to apply the unmodiï¬ed, uncurbed rules (of caring intervention to do â This article is a revised version of the lecture Vernon L. Smith delivered in Stockholm, Sweden, on December 8, 2002, when he received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. The article is copyright Â© The Nobel Foundation 2002 and is published here with the permission of the Nobel Foundation. The title was suggested to the author in the paper by Joel Norman, âTwo Visual Systems and Two Theories of Perception: An Attempt to Reconcile the Constructivist and Ecological Approachesâ (Behavioral and Brain Sciences, 2002). After ï¬nishing this paper I found that my use
American Economic Review – American Economic Association
Published: Jun 1, 2003
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera