Dr. Vernon Smith is 2002 recipient of the Nobel Prize in Economics. He is professor of economics and law at George Mason University and founder of the Interdisciplinary Center for Economic Sciences of that university. He holds a PhD in Economics from Harvard University. He has been president of various institutions, including the Public Choice Society, the Economic Science Association, the Western Economic Association and the Association for Private Enterprise Education.
Exploring Austrian and Experimental Economics Dr. Vernon Smith
Universidad Francisco Marroquín Guatemala, March 26th 2004
A New Media UFM - UFM production. Guatemala, March 2004. Camera 1: Rebeca Zuñiga; camera 2 / digital editing: Sergio Miranda; index: Inés Zuñiga; publication: Pedro David España
Content
Initial credits
Introduction by Giancarlo Ibárgüen S.
The origins of the Nobel Prize lecture
After experimental economics
Difference between the personal and impersonal market
"The two faces of Adam Smith"
Theory of moral sentiments
The market doesn´t need intervention
Experience as a learning tool
Evolutionary psychology
Social distance and other regarding behavior
Sensory Order: Hayek's contribution to psychology
The role of creativity in experimental economics
The problem of experimental economics
The concept of rationality according to Mises
Utility maximization theory
Economics of survival
The meaning of being rational
The social mind
Sociopaths
The environmental influence
Beliefs and the interpretation of results
The ultimatum game
Conclusion
Final credits
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Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7876
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