Vernon Smith: economics as a laboratory science

Vernon Smith shared the Nobel Prize in 2002 with Daniel Kahneman. This article surveys Smith’s contributions to economics. His early efforts led to greater understanding of markets and market institutions, which developed into important contributions to the design of new markets. Subsequent research focused on the complexity of behavior in simple games, including recent forays into “neuroeconomics”. The impact of his work on economic thinking and economic theory is substantial.     

The concept of development: Smith and Marx revisited

This paper attempts to provide a framework for understanding and analyzing the social origins of underdevelopment in contemporary third world societies. In critically examining Adam Smith, Karl Marx, the dependency school, and the sociological modernization theories, it shows that the considerable dispute between the two commonly advanced explanations, “conservative” modernization theory and “radical” dependency theory is spurious. It is argued that neither Smith and the modernization theories that draw upon him, nor the dependency school, provide an appropriate framework for analyzing the historical rise of capitalism and examining the obstacles thereto.     

Learning to manage and share data: jump-starting the research methods curriculum

Researchers’ responsibilities towards their research data are changing across all domains of social scientific endeavour. Government, funders and publishers expect greater transparency of, open access to, and re-use of research data, and fears over data loss call for more robust information security practices. Researchers must develop, enhance and professionalise their research data management skills to meet these challenges and to deal with a rapidly changing data sharing environment. This paper sets out how we have contributed to jump-starting the research methods training curriculum in this field by translating high-level needs into practical guidance and training activities. Our pedagogical approach involves applicable, easy-to-digest, modules based on best practice guidance for managing and sharing research data. In line with recent findings on successful practices in methods teaching, we work on the principle of embedding grounded learning activities within existing narratives of research design and implementation.     

Bourdieu, Smith and disinterested judgement

The paper presents a sympathetic critique of Bourdieu7rsquo;s work in terms of the tension between its critical intentions and its leanings towards sociological reductionism. Although Bourdieu argues against such reductionism in his methodological pronouncements, his empirical studies tend to reduce actors' putative disinterested judgements to functions of their habitus in relation to the social field and to unconscious strategies of distinction. Further, his concept of (non-monetary) forms of capital occludes the difference between use-value and exchange-value and the corresponding distinction between the pursuit of goods and the pursuit of distinction, which are vital for both explanation and critique. Moreover his suspicion of normative judgement on the part of social science and his concealment of his own normative standpoint subvert his critiques. Thus in relation to Bourdieu's analysis of the role of mis-recognition in social life I argue that this requires a delineation of the extent of justified recognition. In developing the argument I draw upon Adam Smith's analysis of moral sentiments and his critique of undeserved recognition and the pursuit of distinction. Where Bourdieu is dismissive about moral issues, Smith treats moral sentiments as irreducible to interest or instrumental action and as a significant element in the reproduction of social order. The paper concludes with some implications for the nature of critique in social theory.     

DHM simulation in virtual environments: a case-study on control room design

This paper will present the workflow developed for the application of serious games in the design of complex cooperative work settings. The project was based on ergonomic studies and development of a control room among participative design process. Our main concerns were the 3D human virtual representation acquired from 3D scanning, human interaction, workspace layout and equipment designed considering ergonomics standards. Using Unity3D platform to design the virtual environment, the virtual human model can be controlled by users on dynamic scenario in order to evaluate the new work settings and simulate work activities. The results obtained showed that this virtual technology can drastically change the design process by improving the level of interaction between final users and, managers and human factors team.     

The FARSEEING real-world fall repository: a large-scale collaborative database to collect and share sensor signals from real-world falls

Background

Real-world fall events objectively measured by body-worn sensors can improve the understanding of fall events in older people. However, these events are rare and hence challenging to capture. Therefore, the FARSEEING (FAll Repository for the design of Smart and sElf-adaptive Environments prolonging Independent livinG) consortium and associated partners started to build up a meta-database of real-world falls.

Results

Between January 2012 and December 2015 more than 300 real-world fall events have been recorded. This is currently the largest collection of real-world fall data recorded with inertial sensors. A signal processing and fall verification procedure has been developed and applied to the data. Since the end of 2015, 208 verified real-world fall events are available for analyses. The fall events have been recorded within several studies, with different methods, and in different populations. All sensor signals include at least accelerometer measurements and 58 % additionally include gyroscope and magnetometer measurements. The collection of data is ongoing and open to further partners contributing with fall signals. The FARSEEING consortium also aims to share the collected real-world falls data with other researchers on request.

Conclusions

The FARSEEING meta-database will help to improve the understanding of falls and enable new approaches in fall risk assessment, fall prevention, and fall detection in both aging and disease.

     

Multi-agent equilibria with market share and ranking objectives

A model of nonprice unidimentional spatial competition between firms or between political candidates is studied. Typically in such models agents are assumed to maximize their shares of customers (as a proxy for profits) by firms, or of voters by candidates. This paper derives conditions for the existence, and characterization, of equilibrium outcomes when there are more than two agents, all of whom are assumed to minimize their rank as well as maximize their shares. The rank of an agent is defined as the sum of the number of agents with greater shares and a fraction of the number of agents with equal shares. It is shown that rank minimization tends to require more symmetry in location than share maximization, that the greater the weight on agents with equal shares in defining rank, the more extreme are the requirements for equilibrium until, for weights greater than 1/3, no equilibrium exists for more than three competing agents, and that when agents care about both rank and shares, the relative weights put on each is irrelevant in determining the equilibrium locations.We acknowledge very fruitful discussions with Ted Bergstrom on the original conception of this paper     

Scientist and non-scientists share a diversity of dimensions in their relations to urban nature

In the current biodiversity crisis, conservation scientists are urgently asked to involve themselves in education and communication initiatives toward non-scientists, who are considered as lacking knowledge to correctly value biodiversity. This is particularly argued in urban areas.In this paper, we showed however with an anthropological survey that urban citizens do express a variety of relations toward surrounding urban nature. Then, in an independent survey, we showed that these ways of being connected with nature were shared by students in conservation sciences. Conservation scientists and non-scientific city dwellers have therefore much more in common than is taken for granted in their relations and perceptions of urban nature, notably concerning emotional, sensorial and memorial relationships. Acknowledging these common features in the scientific community could improve the communication between science and the general public about urban nature, help bridge the gap between science and the society and eventually participate to build a new social contract on nature.     

Legal standards for evaluation research: A reply to Smith

Smith (1981), asserting that not all evaluative studies require the same degree of evidence for decision-making, suggests a legal paradigm for determining how much certainty is necessary for informed decision-making. Specifically, he argues for the use of three levels of certainty, i.e., suggestive, preponderant, or conclusive evidence, modeled after the legal standards of proof. Unfortunately, such an approach is untenable for several reasons. Smith's suggestion that decision-makers adopt legal terminology, for example, is really a recommendation of form rather than substance and, furthermore, his analogy from the law to the evaluation context is based upon a misunderstanding of the trial process. These and other problems with Smith's suggestions are discussed.     

Consensus on Culture in American Sociology: Reply to Smith

In his contribution to this issue, Smith argues that sociology’s house of culture is built on a foundation of sand. In my brief response to Smith, I dispute the claim that culture is in trouble and question the methods and motives behind Smith’s critique. I then indicate the common ground characterizing the work of contemporary culture scholars. Drawing upon my fieldnotes and observations of culture in action, I define culture as a suprasubjective system of signification creating intersubjective senses or ideas that are distinct from the materiality, function, immediacy, or face value of any particular people, objects, words, thoughts, and actions. I argue that this culture concept, which I see as theoretically consistent with the work of most cultural sociologists and sociologists of culture, satisfies many of Smith’s requirement that an acceptable culture concept specify culture’s location, powers, limits, and relationship to subjectivity, and clearly theorize meaning and its relationship to culture.