David M. Kreps Symposium: Statements from the Audience
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Four members of the audience, Professor Ken Judd (Hoover Institution), Seenu Srinivasan (Stanford GSB), Anat Admati (Stanford GSB), and Benoit Monin (Stanford GSB) make short statements in response to the four presentations. About the Symposium: David M. Kreps Symposia comprise a series of symposia on topics of broad interest to the faculty of the Graduate School of Business. The series was created through the generous support of friends and alumni of the GSB, to honor the career of Prof. Kreps. This symposium was titled "Homo economicus, evolving." In orthodox economic models, the individual agent, Homo economicus, is self-interested and rational, with fixed preferences and perfect foresight. However, economists are increasingly modeling individuals who are generous to others, who have preferences that depend on the context and that change, and who have cognitive limitations. This evolving vision of Homo economicus has profound implications for what we learn from economic analyses. The symposium will discuss this continuing evolution of economists’ representations of people’s motives and cognitive capabilities, and the implications of this evolution for specific contexts and public policy and, more broadly, for the discipline. Visit the conference page: https://www.gsb.stanford.edu/faculty-research/faculty/conferences/homo-economicus-evolving
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