Disagreements about economic policy stem not just from differences in normative values, but also from differences in beliefs about which outcomes are likely. We review a selection of survey work showing this. We also report on our own work with US and Russian research subjects, which employs a...

People's beliefs about how well economic theory predicts outcomes may affect policy through democratic processes. Knowing what determines those beliefs is then important. We investigate how individual attitudes and characteristics correlate with those beliefs using a classroom Double Auction...

Prominent analysts have argued that the Russian reform process has gone badly because Russian attitudes towards the market mechanism fundamentally differ from those in the West. Others strenuously dispute this. We combine surveys and a classroom double auction experiment to investigate Russian...

Many economists find that classroom experiments using the Double Auction (DA) trading institution are an effective pedagogical tool in introductory economics classes. Results of such experiments reliably illustrate the concepts and descriptive relevance of the theory of competitive equilibrium...