skip to main content
Home  /  Research  /  Center for Theoretical and Experimental Social Sciences (CTESS)  /  History of Experimental Economics

Milestones in Experimental Economics Research at Caltech

Caltech has been pioneering experimental research fueled by rapidly developing theoretical models since the work of Charlie Plott and Vernon Smith in the 1970s. The unique feature of research conducted by Caltech-affiliated scholars is the dialogue between theoretical and experimental methods used to provide empirical regularities and ultimately improve predictive power in economic and political science theories. This dialogue is possible because Caltech researchers treat economic theory as a unifying language across methods and research topics. This page surveys the milestones in experimental economics that took place at Caltech from 1970s to the early 2000s.