5-6:30 pm PDT | 7-8:30 pm CDT
Booth Clinical Professor of Economics Michael Gibbs, PhD, will lead an engaging, informative and fun happy hour lecture on wine pricing and expert rating models.
Event Details
A simple economic model of the effects of reputation on prices will be discussed. An increasing fraction of inexperienced consumers results in a stronger sensitivity of prices to ratings of quality. This may be a factor in price dynamics for goods that become more widely traded as a result of globalization. Discussion will include empirical analysis using data on prices and Robert Parker's ratings of wines.
Registration
Register Online
Zoom information will be shared after registration.
Deadline: 11/6/2020
Questions
Paul Crooker, '19
SF Bay Area Booth Alumni Club