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 ruleResults and conclusionsExtensions to the initial experiment and applications in areas where markets have never existed
Personal exchange An experiment: a trust game ResultsConclusionsReciprocity 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 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?
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



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Honorary Doctorate Ceremony

25 de marzo de 2004   | Vistas: 5610 |  

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


Vernon L. Smith was awarded the 2002 Nobel Prize in Economics for his introducing experimental methods in economic analysis. He…

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