This Week in the News…

Posted: November 22, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

Following are highlights of national news coverage George Mason received during the past week:

Friday, Nov. 15, The Wall Street Journal

This Is Your Brain; This Is Your Brain On a Surging Stock

“One promise of neuroeconomics is revealing the basis for ‘irrational’ financial behavior. Econ 101 says it is irrational to trust others, for instance, since they could swindle you. Why, then, does anyone trust anyone? To find out, researchers ran an experiment in which they created a two-person game. To start, player 1 got $10. If that player kept the money, player 2 also got $10 and the game ended. But if player 1 chose to let player 2 take a turn, then player 2 faced a choice: take home $40 and leave nothing for player 1, or take $25 and leave $15 for player 1. About half the time, finds economist Kevin McCabe and colleagues at George Mason University in Fairfax, Va., player 1 chooses to let player 2 into the game, forgoing a sure $10.”

Sunday, Nov. 17, The Washington Post

Death Penalty Views Relatively Unchanged

“Locally, the sniper case might have influenced this month’s gubernatorial election in Maryland, according to William G. Otis, a former Justice Department prosecutor and adjunct law professor at George Mason University. ‘The sniper had a considerable impact on people,’ Otis said last week. ‘There was a fearfulness, a kind of an apprehension of an attack from nowhere that people felt while the sniper was still on the loose. I think it figured into the election results in Maryland,’ he said. And if Ehrlich ends Maryland’s moratorium on executions, then ‘exactly one-half of the moratoriums in this country will go bye-bye, to my way of thinking, as a direct result of this sniper.'”

Monday, Nov. 18, Associated Press Newswires

Bush Hosts Carter, Other Nobel Laureates at White House

“[Jimmy] Carter was one of several American winners of Nobel Prizes being greeted Monday by Bush, who was also meeting with Lebanese Prime Minister Rafik Hariri. The Nobel economics prize went to Americans for the third year in a row–Daniel Kahneman, 68, a U.S. and Israeli citizen based at Princeton University in New Jersey, and Vernon L. Smith of George Mason University in Fairfax, Va.”

Monday, Nov. 18, The Milwaukee Journal Sentinel

National Identity

“Learning Pashto or Dari, the two major languages of Afghanistan, would be very difficult for monolingual English-speakers. For someone who knows French and Spanish in addition to English, the new language, while still a challenge, would certainly be a lot easier, and the time to achieve fluency could be cut considerably. Standardized tests confirm the intellectual ability of bilingual vs. monolingual children. According to a 14-year study by George Mason University in Virginia, students educated in dual-language schools outperformed their peers in monolingual English schools.”

Wednesday, Nov. 20, The Globe and Mail

When the Freedom Tramplers Spit in the Eye of History

“With laws and administrative action, Attorney-General John Ashcroft has moved aggressively to expand the powers of police and prosecutors and authorized sweeping domestic surveillance measures. They are being challenged in the courts by civil-rights, free-expression and privacy advocates. But judges have largely bought the argument that the United States is fighting a war, not investigating crimes. And as Jon Gould, a professor of law and political science at George Mason University in Virginia, notes: ‘Whenever there’s been a time of war or something similar to it, the courts have basically rolled over.'”

Wednesday, Nov. 20, The Washington Post

Swedish Envoy Hosts, Toasts U.S. Laureates

“Economics laureate Vernon L. Smith, a professor of economics and law at George Mason University, who shared the prize for laying the foundations for experimental economic analysis and alternative market mechanisms, did not arrive on a motorcycle, but he sported a 12-inch blond ponytail and wore seven silver rings. Earlier on Monday, he told reporters that his research has taught him that when he is buying big-ticket items, he should not hesitate to bargain. He said that despite the bursting of the dot-com bubble, he is optimistic about the U.S. economy because he knows that long-term benefits will eventually emerge from the current upheaval.”

Thursday, Nov. 21, PR Newswire

Notable Economist Larry Kudlow Joins Mercatus Center

“Leading economist and public affairs analyst Lawrence Kudlow has joined the Mercatus Center at George Mason University as a Distinguished Scholar. Leveraging the Mercatus Center’s successes in advancing regulatory and governmental accountability, as a Distinguished Scholar Kudlow will build on his extensive government, corporate and media experience to promote increased corporate accountability and responsibility. Kudlow is nationally known as a commentator and syndicated columnist on economic issues, and as co-host of CNBC’s popular “Kudlow & Cramer.'”

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