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Knowledge and CoordinationA Liberal Interpretation$
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Daniel B. Klein

Print publication date: 2014

Print ISBN-13: 9780199355327

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199355327.001.0001

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Experiment on Entrepreneurial Discovery

Experiment on Entrepreneurial Discovery

An Attempt to Demonstrate the Conjecture of Hayek and Kirzner

Chapter:
(p.114) Chapter 8 Experiment on Entrepreneurial Discovery
Source:
Knowledge and Coordination
Author(s):

Daniel B. Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199355327.003.0008

This chapter describes Daniel B. Klein’s experiment with Henry Demmert, which was conducted at the Santa Clara University in 1999. The experiment consisted of physical tasks where subjects are required to move water from one location to another using a plastic step stool and four plastic vessels of different sizes. Most of the subjects who completed the experiment transferred water by carrying cups or inverting the stool. However, some subjects did not read or understand the instructions and reacted in perplexing ways. The experiment highlights the circumstance of problem solving, in which subjects who inverted the stool were “thinking outside the box”.

Keywords:   Daniel B. Kleins, Henry Demmert, Santa Clara University, problem solving, physical tasks

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