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Honorary Doctorate Ceremony
Cambiar vista de pantalla: Dr. Vernon L. Smith 25 de marzo de 2004 | Universidad Francisco Marroquín | Duración:..
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Vernon L. Smith was awarded the 2002 Nobel Prize in Economics for his introducing experimental methods in economic analysis. He is founder of the Interdisciplinary Center for Economic Sciences, George Mason University and has been president of Public Choice Society, Economic Science Association, Western Economic Association and Association for Private Enterprise Education (APEE), among others. Smith holds a PhD in economics from Harvard University and is also honorary doctor in economics from Universidad Francisco Marroquín.
Source: www.ufm.edu
Last update: 21/06/2010
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Créditos
Honorary Doctorate Ceremony
Vernon L. Smith
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
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  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.
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| 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
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| The two faces of exchange that have emerged from our study of behavior in the laboratory
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| Impersonal exchange
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| My first experiment: What are the conditions under which a market might be efficacious?
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| The double auction rule |
| Results and conclusions |
| Extensions to the initial experiment and applications in areas where markets have never existed |
| Personal exchange
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| An experiment: a trust game
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| Results |
| Conclusions |
| Reciprocity in trust games |
| Specialization |
| The tension between the two orders of exchange (personal and impersonal)
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| 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
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| 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 |
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