Team of Leading Economists to Join Mason Faculty

Posted: June 11, 2001 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

Thanks to a $3 million grant from the Charles G. Koch Charitable Foundation, a team of seven distinguished economic professors from the University of Arizona known as leaders in the growing field of experimental economics will join the faculty at George Mason University this fall.

The scholars, who have gained wide visibility for their efforts to test economic propositions in a laboratory setting, are Vernon Smith, lead economist of the group, Daniel Houser, Kevin McCabe, Mark Olson, David Porter, Stephen Rassenti and Bart Wilson.

“George Mason University is extremely pleased to have a group of academicians of this caliber join our faculty. Not only does their arrival enhance the reputation of our overall faculty, but it places George Mason in the forefront of what is emerging as a very exciting field,” says Provost Peter Stearns.

The seven scholars will be primarily part of George Mason’s College of Arts and Sciences, but also will work closely with the university’s School of Law and School of Management. At the University of Arizona, they composed the institution’s Economic Science Laboratory.

Experimental economics, according to Tyler Cowen, general director of George Mason’s Mercatus Center and professor of economics, “has leaped to the frontier of modern economic science, and is frequently considered the most important recent development in the profession. This group has the greatest concentration of expertise in this field. They combine first-class research with an emphasis on student involvement and implementation of their ideas in the real world.”

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