ICES Team Gives Economics Seminar in China

Posted: February 4, 2005 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

By Yoanna I. Ganeva

During the Decision Behavior and Experimental Economics National Forum in China, Professors Vernon Smith, Bart Wilson, and David Porter, and Technical Assistant Jeffrey Kirchner from George Mason’s Interdisciplinary Center for Economic Science (ICES) presented a five-day seminar on experimental economics.

A selected group of more than 50 Chinese faculty and graduate students gathered at Shanghai Jiao Tong University in the specially designated computer laboratory named after Smith, a Nobel Prize laureate in economics. The Chinese students were excited to earn cash from the experiments while learning about applications of experimental economics theory and design, an innovative method of teaching and research that was pioneered by Smith.

The ICES workshop was sponsored by the International Foundation for Research in Economics, which was created by Smith to support and promote experimental economics. Professor Xiang Dong Qin from Shanghai Jiao Tong University, who organized the event, visited ICES two weeks ago to solidify the working relationships between both universities. The goal is to bring experimental methods to China and to exchange experiences between both universities. Some of Xiang’s students are applying to graduate school at Mason.

Smith also visited Beijing, where he spoke in the Information Science School of Remnin University about his work and how experimental economics can be applied in business and economic policy. The ICES faculty may also do a workshop in Beijing in the future.

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