September 17, 2019
6:00 pm - 8:00 pm
Experimental Economics. The People that Make Markets Effective Show Trust and Trustworthiness.
Dr. Vernon Smith, Nobel Laureate in Economics in 2002, shares with us his experience in helping to create the field of experimental economics. He discusses his first experiments that unexpectedly supported Adam Smith’s theory of markets. He also discusses behavior in trust games where people are more considerate of the welfare of others than predicted by rational game theory. Finally, he will share some other gems from his life in the Q&A with USF’s Professor Ludwig Chincarini.
MORE INFO: Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics.
Dr. Smith has authored or co-authored more than 300 articles and books on capital theory, finance, natural resource economics and experimental economics. Dr. Smith completed his undergraduate degree in electrical engineering at the California Institute of Technology, his master’s degree in economics at the University of Kansas, and his Ph.D. in economics at Harvard University. Previous faculty appointments include the University of Arizona, Purdue University, Brown University, the University of Massachusetts, and George Mason University, where he was a Professor of Economics and Law prior to joining the faculty at Chapman University.