Abstract
Focusing on the work of Friedrich von Hayek and Vernon
Smith, we discuss some conceptual links between Austrian economics
and recent work in behavioral game theory and experimental economics.
After a brief survey of the main methodological aspects of Austrian and
experimental economics, we suggest that common views on subjectivism,
individualism, and the role of qualitative explanations and predictions in
social science may favour a fruitful interaction between these two research
programs.