A. Michael Spence, 2001 Nobel Prize Winner in Economic Sciences, Delivers Last Lecture
发布时间 2009-10-07 23:37:10 来源
摘要
A Michael Spence, the Philip H. Knight Professor and Dean, Emeritus, and 2001 Nobel Prize winner in Economic Sciences, delivers a speech as part of the business school's Last Lecture Series.
In 2001, Spence shared the prize with George A. Akerlof of University of California, Berkeley, and Joseph Stiglitz of Columbia University. The three were honored for their work on signaling theory and credited by the Swedish Academy with creating the field of information economics.
In the 1970s, the three laid the groundwork for a theory about markets with so-called "asymmetric information." Their work explained how agents with differing amounts of information affect various markets. Their work has led to applications in areas ranging from agriculture to modern financial markets.
Each year, MBA students invite members of the faculty to deliver a Last Lecture, touching on a topic that is important to the speaker, that sums up an area of research or academic work, or that may be a parting word of advice or inspiration to students.
Recorded: April 13, 2004
Faculty Profile: https://gsbapps.stanford.edu/facultyprofiles/biomain.asp?id=36072009
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