economics in practice - the objects

For a lecture at carnegie mellon university in the mfa series, we set up an unusual auction, incorporating non-standard economic theory in a practical situation.

As the lecture coincided with the last day of our visit there, we were selling off all items we did not want to take back home to Amsterdam. These items ranged from a cell phone to ballpoints to license plates.

All items were catalogue, registered and labeled. You can view the items below.

Through several different auction scenarios and some added theory we played with several notions from, mostly, behavourial economics, a branch of economics specialising in the way people make economic decisions. Their research shows that economic decisions are often not rational, but influenced by very abritrary facts. Click here to see auction rules and texts.

betty+paul
03-05-2002

objects

ashtrays aspirin bag_bowling_style bag_lunch bag_sleeping_polyesther ballpoint_green_3
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ballpoints_red_4 bed_air_queen_size blanket_travel book_accountant_worksheets book_american_slang book_dollar_flip
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book_finite+infinite_games book_guide_new_york_jersey_pennsylvania book_insiders_guide_pittsburgh book_note_carbon_betties book_note_dated book_perceiving_sensing_knowing
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book_pittsburgh_streetfinder book_serious_games book_smithsonian_guide_great_lakes box_cigarette_bettied box_liquorice_designed_ccjones box_subnote
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box_text+dollar brushes_chinese_fine_3 card_metro_newyork_rides_6 cards_playing_las_vegas_tropicana carrier_drinks_hot chip_casino_lake_charles
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clothes_gloves_fingerless clothes_long_johns clothes_suit_striped_pin clothespins_used_to_be_69 cord_extension_electric correction_fluid_pink
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cushion_whoopee cutlery_cleankeeper dimm_32mb_ram_memory enveloped_coloured espresso_maker face_mask_mutli_vitamine
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face_mask_oxygen flip_flops_black frame_certificate_of_achievement gel_aloe_vera_christmas_present gel_glitter_christmas_present gel_pad
face_mask_oxygen... flip_flops_black... frame_certificat... gel_aloe_vera_ch... gel_glitter_chri... gel_pad.jpg
gillette glasses_sun_black_white_anat inflator_12V_raft_matrass ink_acrylic_violet ink_uv_stroblite inkpad
gillette.jpg glasses_sun_blac... inflator_12V_raf... ink_acrylic_viol... ink_uv_stroblite... inkpad.jpg
keys_cadillac licenseplate_cadillac light_black liquorice_dutch_strong liquorice_italian_stronger lock_combination
keys_cadillac.jpg licenseplate_cad... light_black.jpg liquorice_dutch_... liquorice_italia... lock_combination...
lock_combination_black make_up_set_for_performance marker_black_permanent marker_colorless nail_polish_remover national_park_pass
lock_combination... make_up_set_for_... marker_black_per... marker_colorless... nail_polish_remo... national_park_pa...
notebook_letter_size notebook_quarter_letter_size orange_plastic_rope oven_toaster owners_manual_cadillac pan_cooking
notebook_letter_... notebook_quarter... orange_plastic_r... oven_toaster.jpg owners_manual_ca... pan_cooking.jpg
pan_frying paperclips_4_times_100_with_coloured paperclips_one_box peppersalt phone_cell_prepaid_unpaid photographic_print_toner_silver
pan_frying.jpg paperclips_4_tim... paperclips_one_b... peppersalt.jpg phone_cell_prepa... photographic_pri...
pins_push_103 polaroid_1+2_grad polyurethane_spray postcard_cmu_campus poster_subnote_money_throw_game_vcu record_player_magnavox_not_perfect
pins_push_103.jpg polaroid_1+2_gra... polyurethane_spr... postcard_cmu_cam... poster_subnote_m... record_player_ma...
roller_soft rope_purple_circa_20_feet scraper_metal_razorbladed screenprinting_acrylic_transparant_extender_base seville shorts_blue_sports
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sign_warhol_paul+betty slippers_bath spoons stone_egg_el_capitan_california stone_gorgonzola_el_capitan_california stone_grand_canyon
sign_warhol_paul... slippers_bath.jpg spoons.jpg stone_egg_el_cap... stone_gorgonzola... stone_grand_cany...
stone_heart_california_el_capitan_beach stone_perfect_el_capitan_california stone_petrified_forest stove_single_coleman_portable suspenser_pure_gear tape_caution
stone_heart_cali... stone_perfect_el... stone_petrified_... stove_single_col... suspenser_pure_g... tape_caution.jpg
tape_green tent_tent thinner_paint tictactoe_stampset toaster_for_stove toys_teletubbies_puzzle_4_pieces
tape_green.jpg tent_tent.jpg thinner_paint.jpg tictactoe_stamps... toaster_for_stov... toys_teletubbies...
toys_wizard_of_oz_moving trousers_swimming
toys_wizard_of_o... trousers_swimmin...