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An Experimental Mind.(Vernon Smith)
On the Hewlett-Packard campus in the heart of Silicon Valley, scientists in the Decision Technology lab are using experimental economics to predict the future of the company. In one experiment they create minimarkets, with real cash rewards, that allow employees to bet on future sales and revenue. So far these internal futures markets have done a better job of forecasting than polls of top executives. The disruptive implications for the corporate pecking order, and not only at Hewlett-Packard, aren't lost on anyone. In another experiment, students from nearby Stanford University act out the roles of HP executives, retailers and suppliers, testing new marketing plans or ...
- Dr. Vernon L. Smith Awarded Nobel Prize in Economics; Vernon Smith, Credited as...
- Press release article from: PR Newswire October 9, 2002 700+ words
...the field of experimental economics nearly 50 years...for Research in Experimental Economics, is an adjunct...economics and experimental economics. We colleagues...information about Dr. Vernon Smith, including background...
- The experimental economist: Nobel laureate Vernon Smith takes markets places...
- Magazine article from: Reason Lynch, Mike Gillespie, Nick December 1, 2002 700+ words
...founding father of experimental economics, responded with...his papers in experimental economics). Smith's...restaurant. reason: Experimental economics stresses the...situations. Vernon Smith: I think a lot...
- Chapman University Announces $3 Million Gift to Fund the Rebecca and William...
- Newspaper article from: Economics Week June 19, 2009 700+ words
...father of experimental economics." The donors...support of Vernon Smith, his renowned...specializing in experimental economics, and this...President Doti. Vernon Smith and his team...father of experimental economics" - pioneered...
- The lab man: how experimental economics emerged from the shadows. (People in...
- Magazine article from: Finance & Development Clift, Jeremy March 1, 2003 700+ words
...Prize winner Vernon L. Smith VERNON SMITH ISN'T ONE TO STAND on ceremony...theories in the laboratory, Vernon Smith is a bit of a free spirit...from what has become known as experimental economics are valuable for both researchers...
- A New 'Wind Tunnel' for Companies.(experimental economics and business...
- Magazine article from: Newsweek Foroohar, Rana October 6, 2003 700+ words
...These days, the field of experimental economics--which replicates market...IBM, Microsoft and Ford. Experimental economics is "a wind tunnel for business...it wasn't always so. Vernon Smith, a professor at George...
- PROFILE: Hilary Vernon-Smith.(Occupation overview)
- Magazine article from: Design Week Smurthwaite, Nick September 20, 2007 700+ words
Scenic artist Hilary Vernon-Smith has just won a Young Vic Award...particular pleasure to see Hilary Vernon-Smith, head scenic artist of the National...generation of theatre practitioners. Vernon-Smith has been described as 'the queen...
- GETTING TO KNOW...Vernon Smith
- Newspaper article from: Post-Tribune (IN) May 7, 1989 700+ words
PHOTO - VERNON SMITH THIS ELECTRONIC VERSION MAY DIFFER SLIGHTLY FROM THE PRINTED VERSION. GETTING TO KNOW...Vernon Smith Vernon Smith Age: Not important Birthplace: Gary, Ind. Family: Father...
- People.(Cablevision Systems Corp. executive vice president David Ellen...
- Magazine article from: Multichannel News October 5, 2009 700+ words
...manager, business development. She comes from Comcast in Arkansas, where she worked in the marketing department. EchoStar Vernon Smith was named senior vice president, business development and head of ViP-TV at EchoStar Satellite Services. He is a former...
Source: HighBeam Research, An Experimental Mind.(Vernon Smith)