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PRODID:-//Dr. Thomas Wagner\, TUM WWW & Online Services//myTUM Advanced Calendaring 0.1//DE
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TZID:Europe/Berlin
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DTSTART:20071028T010000
TZOFFSETTO:+0100
TZOFFSETFROM:+0000
TZNAME:CET
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DTSTART:20080330T020000
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SEQUENCE:1
TRANSP:OPAQUE
UID:termine_Event.2016-10-11.7269923686_portal.mytum.de
DTSTART;TZID=Europe/Berlin:20161021T180000
ORGANIZER;CN="Johanna Jauernig":mailto:johanna.jauernig@tum.de
DTSTAMP:20260415T062849
LAST-MODIFIED:20161011T101245
CATEGORIES:VORTRAG
SUMMARY:Vernon Smith: "Adam Smith on Conduct and Rules: Trust Games; Emergence of Property"
DESCRIPTION:The Theory of Moral Sentiments (TMS, 1759) concerns human sentiment as the source of the rules we follow that accounts for our sociality. It also provides a unique framework for analyzing and modelling decisions in two-person games such as “trust” games. Neo-classical economic (game) theory failed to predict action in these experiments in the 1990s. If we had known and applied Adam Smith’s model based on mutual fellow-feeling these results would not have been unexpected. I will use propositions from TMS to show why, and indicate how, Smith’s model was more appropriate for explaining/predicting these results than the traditional neo-classical (and game-theoretic) models that displaced—rather than supplemented—his model. 
CONTACT:Professor Dr. Christoph Lütge
LOCATION:Karl Max von Bauernfeind Hörsaal (TUM Stammgelände, Raum 2750)
CLASS:PUBLIC
URL;VALUE=URL:https://portal.mytum.de/termine/Event.2016-10-11.7269923686
CREATED:20161011T100517
DTEND;TZID=Europe/Berlin:20161021T200000
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