Friday, November 9 at 11:00am
Montgomery Ross Fisher Building (MRF), 340
669 West 34th Street, Los Angeles, CA 90089
Guest Lecture by Andrew Caplin | Friday, November 9 | MRF 340 | 11AM
Among the most profound insights in economics is that markets most likely arise when there are gains from trade. Politics and psychology teach us that there is resistance even when the potential for such gains is high. I outline two example in which my research has identified massive unexploited gains from trade. One relates to real estate finance, the other to long term care. I provide progress reports on efforts to develop these markets.
Andrew Caplin is the Silver Professor of Economics at New York University. He serves as the Co-Director of The Center for Experimental Social Science and the Deputy Director of The Institute for the Study of Decision Making.