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.
Auditorio Juan Bautista Gutiérrez Universidad Francisco Marroquín Guatemala, 25 de marzo de 2004
Una producción de New Media - UFM. Guatemala, 2004.
Switcher: Jorge Samayoa; cámaras: Sergio Miranda, Rebeca Zuñiga, Alexander Arauz; edición digital: Rebeca Zuñiga, Jorge Samayoa; índice: Joseph Cole; publicación: Fernando De León
Contenido
Créditos iniciales
Ingreso de la procesión académica
Inicio del acto
Lectura del acta por el Secretario General de la UFM, Lic. Ricardo Castillo A.
Encomio del Dr. Vernon Smith por el rector Giancarlo Ibárgüen S.
Vernon Smith y la economía experimental
La escuela austríaca y la economía experimental
Posibles aplicaciones de la metodología de Vernon Smith
Investidura del Dr. Vernon Smith
Himno de la Universidad Francisco Marroquín
Inicio de conferencia del Dr. Vernon Smith
The two faces of exchange that have emerged from our study of behavior in the laboratory
Impersonal exchange
My first experiment: What are the conditions under which a market might be efficacious?
The double auction rule
Results and conclusions
Extensions to the initial experiment and applications in areas where markets have never existed
Personal exchange
An experiment: a trust game
Results
Conclusions
Reciprocity in trust games
Specialization
The tension between the two orders of exchange (personal and impersonal)
A quotation from Hayek's The Fatal Conceit
My interpretation of Hayek's quotation
Experiments led me to rediscover the Austrian tradition
Ancient rules that govern human action
End of conference
Question and answer period
If information is dispersed and limited, how can an experiment hope to generate useful and valid conclusions in relation to the real world, if you can't control all information?
You cited F. A. Hayek in your Nobel lecture. One of the citations is about what a good economist is. Could you tell us how to become good economists?
What is the implication of your model in anti-trust economics?
Specifically regarding the market for electricity, what would you suggest to make it more competitive?
What would you say is the relationship between public choice and experimental economics?
End of question and answer period
Entrega de corbata conmemorativa
Clausura del acto
Créditos finales
Todos los comentarios
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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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