Speaker: Professor Bruce Bueno de Mesquita, Professor of Politics at NYU and Senior Fellow at Stanford’s Hoover Institution. Chair: Professor Richard Steinberg
Tags / economics:topic
Tagged with “economics:topic”
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Predictioneer: How to predict the future with game-theory
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The Science of Decision-Making
Paper or plastic? Steak or salmon? Stay or go? Every day, we make thousands of decisions, most minor, some major. But how does your brain make the choice? In this hour, we’ll take a look at the science of decision making. Can your genes influence split second decisions? And how do your emotions influence the way you decide?
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Game Theory // #1 Intro: first five lessons
Game Theory with Professor Ben Polak Dept of Economics - Yale University
This course is an introduction to game theory and strategic thinking.
http://openmedia.yale.edu/projects/iphone/departments/econ/econ159.html
Tagged with economics:topic=game theory strategic thinking
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Cole on the market for new cars, June 2008
http://www.econtalk.org/archives/2008/06/cole_on_the_mar.html
Steve Cole, the Sales Manager at Ourisman Honda of Laurel in Laurel, Maryland talks with EconTalk host Russ Roberts about the strange world of new car pricing. They talk about dealer markup, the role of information and the internet in bringing prices down, why haggling persists, how sales people are compensated, and the gray areas of buyer and seller integrity.
Tagged with economics:topic:markets haggling sales honda sales car dealership
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What’s a “livable” city now?
Two big surveys of the world’s ‘most livable cities’ include almost no American cities. We’ll ask why, and what’s ‘livable’ now.
http://www.onpointradio.org/2009/06/whats-a-liveable-city-now
Tagged with cities economics:topic=urban
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How Human Psychology Drives the Economy – Robert Shiller
Acclaimed economist Robert Shiller challenges the economic wisdom that got us into the current financial mess, and puts forward a bold new vision to transform economics and restore prosperity. The global financial crisis has made it clear that powerful psychological forces are imperilling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, ‘animal spirits’ are driving financial events worldwide.
Shiller reasserts the necessity of an active government role in economic policymaking by recovering the idea of ‘animal spirits’, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Managing these animal spirits argues Shiller, requires the steady hand of government - simply allowing markets to work won’t do it.
In rebuilding the case for a more robust, behaviourally informed Keynesianism, Shiller looks at the most pervasive effects of animal spirits in today’s economic life - confidence, fear, bad faith, corruption, and a concern for fairness - showing how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them.
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Our Urban Future: the death of distance and the rise of cities
Improvements in transportation and communication technologies have led some to predict the death of distance, and with that, the death of the city. In this lecture Professor Ed Glaeser will argue that these improvements have actually been good for idea-producing cities at the same time as they have been devastating for goods-producing places. What, then, does the future hold for our cities?
Speaker: Professor Edward Glaeser, Professor of Economics at Harvard, and Director of the Taubman Center for State and Local Government and the Rappaport Institute for Greater Boston; Chair: Howard Davies
(Nov 13, 2008 at London School of Economics and Political Science (LSE))
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GM CFO Ray Young | June 2009
Adam Davidson and Laura Conaway asked people on Twitter if they had questions for GM CFO Ray Young. He agreed to answer them, including that bedeviling one about why the company saves money by closing dealerships.
From http://www.npr.org/blogs/money/2009/06/hear_gm_loves_bankruptcy.html#more
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Munger on the Nature of the Firm
From http://www.econtalk.org/archives/2008/01/munger_on_the_n.html
Mike Munger, of Duke University, talks about why firms exist. If prices and markets work so well (and they do) in steering economic resources, then why does so much economic activity take place within organizations that use command-and-control, top-down, centralized structures called firms? Within a firm, most of the goods and services that the workers use are given away rather than allocated by prices—computer services, legal services and almost everything else is not handed out by competition but by fiat, decided by a boss. A firm, the lynchpin of capitalism, is run like something akin to a centrally planned economy. Munger’s answer, drawing on work of Ronald Coase, is a fascinating look at the often unseen costs of making various types of economic decisions. The result is a set of fascinating insights into why firms exist and why they do what they do.
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Foreclosure City
http://americanradioworks.publicradio.org/features/foreclosure/
Until recently, Las Vegas was one of the few places where the American Dream still seemed widely possible. Each month, thousands of people flocked there, lured by the promise of good jobs and a chance to own a home. It was the fastest growing city in the country. But now, Las Vegas has a new distinction: the nation’s highest foreclosure rate.
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