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On Wednesday January 22, ISET had the opportunity to host Lasha Tordia, General Auditor of the State Audit Office of Georgia (SAO) and other members of his delegation.
ISET Director Eric Livny introduced the guests from the SAO with a quote from the play “Revizor” by the great Ukrainian writer Nikolai Gogol: “господа к нам едет ревизор” (Messieurs, “inspector” is coming to us). However, it soon became clear that one of the main goals of Lasha Tordia’s visit was to destroy the unfortunate stereotype that employees of the SOA are dull, nit picking inspectors.
The event opened with the signing of a Memorandum of Understanding between ISET and the SAO, according to which ISET and SAO will collaborate in the implementation of projects,
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On December 4, ISET hosted a lecture by Professor Avner Shaked from the University of Bonn – one of the greatest modern game theorists who also delivers courses in game theory and industrial organizations at ISET. The talk was devoted to a serious flaw uncovered concerning famous economic journals the Quarterly Journal of Economics (QJE) and Econometrica. The flaw is that the papers "A theory of fairness, competition, and cooperation", by E. Fehr and K.M. Schmidt in QJE (1999) and "Fairness and contract design", by E. Fehr, A. Klein and K.M. Schmidt in Econometrica (2007), which both concerned behavioral and experimental economics, exposed logical and scientific imperfections. As Prof. Shaked stated: “Experimental economics is good and I have nothing against it, but the problem is that the people who do it are not good”. Concerning the seriousness of this topic, attendants of the presentation included ISET faculty members, students and even graduates.
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