Transcript
  • 00:01    |    
    Créditos iniciales
  • 00:20    |    
    Ingreso de la procesión académica
  • 01:42    |    
    Inicio del acto
  • 03:39    |    
    Lectura del acta por el Secretario General de la UFM, Lic. Ricardo Castillo A.
  • 04:38    |    
    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
  • 21:22    |    
    Investidura del Dr. Vernon Smith
  • 23:07    |    
    Himno de la Universidad Francisco Marroquín
  • 26:20    |    
    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
  • 01:06:47    |    
    End of conference
  • 01:07:03    |    
    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 alln 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?
  • 01:22:42    |    
    End of question and answer period
  • 01:23:15    |    
    Entrega de corbata conmemorativa
  • 01:23:46    |    
    Clausura del acto
  • 01:24:10    |    
    Créditos finales


Honorary Doctorate Ceremony

New Media  | 25 de marzo de 2004  | Vistas: 5643

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


Conferencista
Vernon L. Smith

Vernon L. Smith was awarded the 2002 Nobel Prize in Economics…

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