Nobel Laureate Panel | European Finance Association | 50th Annual Meeting

In 2023, the European Finance Association (EFA) http://european-finance.org held its 50th Annual Meeting. To celebrate its semi-centennial conference, the EFA invited three Nobel Laureates to discuss 50 years of Financial Economics, both past and future. This video captures the discussion in full.

Participants:
Nobel laureates: Oliver Hart (Harvard) https://scholar.harvard.edu/hart/home, Bengt Holmström (MIT) https://economics.mit.edu/people/faculty/bengt-holmstrom, and Paul Milgrom (Stanford) https://www.gsb.stanford.edu/faculty-research/faculty/paul-r-milgrom
Moderator: Albert J. Menkveld (VU) https://albertjmenkveld.com
Hosts: Dhaya Lakshminarayanan https://www.dhayalive.com and Sammy Obeid https://sammyko.com

This event was co-produced by Vrije Universiteit Amsterdam https://vu.nl/en, the European Finance Association http://european-finance.org and Ed.movie https://www.ed.movie/.

• timestamps -

0:00 - Introduction by comedians
6:27 - Opening remarks by Albert Menkveld
7:53 - What has financial economics done for society?
19:23 - The next 50 years of financial economics
23:13 - The impact of AI and digitization
32:33 - Are models in finance too simple?
42:57 - Reproducibility in science
57:05 - What is the biggest mistake you’ve made?
58:24 - Who will be the next Nobel laureate in Economics?
59:47 - Climate change
1:08:22 - Cryptocurrencies, digital assets and decentralized finance
1:09:35 - What should financial economists be working on now?
1:10:46 - Market power and competition
1:12:58 - Closing remarks by Albert Menkveld
1:14:34 - Wrap-up by comedians

Please find the full transcript here: https://albertjmenkveld.com/text/EFA-2023-nobel-laureate-panel-transcript.pdf.