Second Annual ExCEN Distinguished Lecture
Charles Plott will speak on "Electronic Bushbroker Exchange: Designing a Combinatorial Double Auction for Native Vegetation Offsets"
The Andrew Young School of Policy Studies and the Experimental Economics Center (ExCEN) are pleased to present the Second Annual ExCen Distinguished Lecture Series on Friday, December 5, 2008, featuring guest speaker Charles R. Plott. The seminar will be at 3pm with a reception immediately following.
Professor Charles Plott, the Edward S. Harkness Professor of Economics and Political Science at California Institute of Technology, will present on the "Electronic Bushbroker Exchange: Designing a Combinatorial Double Auction for Native Vegetation Offsets." The Lecture is open to all faculty, students and staff. Limited seating on a first-come, first-served basis. More information is here: http://excen.gsu.edu/
Details
Subject: Electronic Bushbroker Exchange: Designing a Combinatorial Double Auction for Native Vegetation Offsets
Date: Friday, Dec. 5, 2008
Time: 3pm
Location: 7th Floor Seminar Room, AYS Building, 14 Marietta St. NW
Charles R. Plott Bio
Early in the 1970s, Plott began to explore the use of laboratory experimental methods. His research has led to some of the most fundamental discoveries in economics and political science.
Much of Plott’s research has been devoted to exploring how laboratory experimental methods might be applied to complex policy issues. He was the first to apply modern laboratory methods to policy issues, including regulation, deregulation and anti-trust. The challenge has been to develop a methodology for designing and testbedding new types of decentralized processes for making decisions and replacing the classical administrative processes that are frequently used by societies.
More recently Professor Plott has been focused on two major issues. The first is the design of information aggregation mechanisms. These are mechanisms that depend upon the classical notion of rational expectations and are implemented for the purpose of gathering useful information that is otherwise scattered across individuals in the form of intuitions and opinions. The second issue is the design of experimental tools to conduct large and worldwide experiments. Already experiments that use people from around the world participating in a single market have been successfully conducted. This type of methodology promises to open new horizons to experimentalists.
