America - Nobel prize - Economics - George Akerlof - Phishing for Phools - World Economy Documentary

America - Nobel prize - Economics - George Akerlof - Phishing for Phools - World Economy Documentary https://youtu.be/cyzPj88QgY8 I created this video with the YouTube Video Editor (http://www.youtube.com/editor) Creative Commons Attribution license (reuse allowed) https://creativecommons.org/licenses/by/3.0/legalcode https://support.google.com/youtube/answer/2797468?hl=en Origin: https://www.youtube.com/watch?v=46LFs8-sAkI Author: http://www.youtube.com/channel/UCV_eWNVYGuEkv6wFPfeDdFQ Description: George Akerlof "Phishing for Phools" https://www.umass.edu/economics/events/gamble-lecture The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001 George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz George A. Akerlof Born: 17 June 1940, New Haven, CT, USA Affiliation at the time of the award: University of California, Berkeley, CA, USA Prize motivation: "for their analyses of markets with asymmetric information" Field: economics of information Contribution: Studied markets where sellers of products have more information than buyers about product quality. He showed that low-quality products may squeeze out high-quality products in such markets, and that prices of high-quality products may suffer as a result. Prize share: 1/3 http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2001/akerlof-facts.html Image: https://commons.wikimedia.org/wiki/File:George_Akerlof.jpg America - Nobel prize - Economics - George Akerlof - Phishing for Phools - World Economy Documentary