UW Economics Alumni Organization Nobel Lecture

When: Thursday, April 24, 7:00 pm - 8:30 pm
Where: Kane Hall - Walker-Ames Room, Kane 225 - View Map
Cost: $3.00 - $7.00
Contact: Nicole Huntsperger, nhunts@u.washington.edu, 206-543-5945
More information:
http://www.econ.washington.edu/UWEAONobelLecture.htm

UW Economics Alumni Lecture 2008: "To Tell the Truth: Asymmetric Information and Optimal Mechanism Design"
Presented by the UW Alumni Association and the UW Economics Alumni Organization

Mechanism Design is a complex and mathematically-based theory that seeks to understand and answer questions about the gap in knowledge between buyers and sellers that prevents or promotes efficient operations in a market, a phenomenon known in economics as "information asymmetry." This is one of the most widely-studied aspects of the discipline of economics, and has concrete applications to real-world situations. Specifically, the theory deals with achieving specific, equitable outcomes in market transactions although each participant may be entirely self-interested.

Please join the UW Economics Alumni Organization for their annual Nobel Prize in Economics Lecture. The winners of the 2007 Nobel Prize in Economics Sciences were selected for having laid the foundations of mechanism design theory and this year's lecture will clarify and discuss the implications of this theory in detail. This year's address will be co-presented by Professor and Associate Chair of Economics Jacques Lawarree, a Robert and Larina Davis Distinguished Scholar; and Senior Economics Lecturer Greg Ellis. Professors Lawarree and Ellis both focus their research on areas of Industrial Organization and Microeconomics Theory and have expertise in the area of Mechanical Design Theory.

The event will be followed by a reception with the speakers.
Pricing: $3.00 Students, $5.00 UWAA Members, $7.00 Non-Members

Advance registration is requested. Register online now!