The article “Underwater Recession” authored by Economic Science Institute’s Professors Steven Gjerstad, Vernon L. Smith and, Graduate of the Economic Systems Design program, Joy Buchanan will be published in The American Interest: Policy, Politics & Culture’s May/June 2012 issue. “The U.S. economy is stuck in a painfully slow recovery. Neither accommodative monetary policy nor fiscal
Chapman University’s full-time MBA program is ranked in the top 100 in the nation according to U.S. News & World Report’s 2012 ranking of full-time MBA programs. Appearing as number 97 overall, this is the first time Chapman’s full-time MBA program is ranked in the top 100. “Being ranked in the top 100 for the
For the second consecutive year, Chapman University’s Student Managed Investment Fund has outperformed its benchmark. Established in November 2009 with $1 million and a charter to invest in a portfolio benchmarked to the S&P 500, the fund earned 2.62% in the fiscal year ending September 30, 2011 compared to a 1.14% return on the S&P
Francis D. (Doug) Tuggle, Ph.D., professor in Chapman’s Argyros School of Business and Economics, has been named editor of the prestigious international and interdisciplinary scholarly journal: The Learning Organization: The International Journal of Critical Studies in Organizational Learning. “The journal is about knowledge,” explains Dr Tuggle. “The theme of the journal is: to what extent
Mar. 23rd, Max Krasnow, Ph.D. – Evolution of direct reciprocity under uncertainty can explain human generosity in one-shot encounters Abstract: Are humans too generous? The discovery that subjects choose to incur costs to allocate benefits to others in anonymous, one-shot economic games has posed an unsolved challenge to models of economic and
Congratulations Dr. Bart Wilson of the Economic Science Institute! The 2012 Oliver E. Williamson Prize for Best Article in the Journal of Law, Economics, and Organization was awarded to Bart J. Wilson, Taylor Jaworski, Karl E. Schurter, and Andrew Smyth for their article entitled, “The Ecological and Civil Mainsprings of Property: An Experimental Economic History
“ObamaCare will be argued next week in the Supreme Court. While the justices will consider the intricacies of constitutional law, at their heart the arguments in favor of the legislation have to do with the economics of health care.” Read the full article on The Wall Street Journal Online, Opinion section.
Mar. 16th, Alex Brown, Ph.D. – Experimental Analysis of Envy-Free Auction Dr. Alex Brown, a guest of the IFREE/ESI Lecture SeriesAbstract: Economic concerns for equity have motivated game theorists to study envy-free mechanisms. Though not incentive compatible, these mechanisms implement in Nash equilibria efficient allocations at which no agent prefers the consumption of
Mar. 9th, Keith Murnighan, Ph.D. – On Greed – Watch Lecture Dr. Keith Murnighan, a guest of the IFREE/ESI Lecture SeriesAbstract: Greed is a central element in human existence. It is also frequently mentioned as a factor in many recent organizational and financial scandals. Thus, it was surprising to discover that empirical research on greed
Dr. Vernon L. Smith of the Economic Science Institute was interview by Rick Reiff with the SoCal Insider on China, experimental economics, and the housing crisis and outlook. You can download the episode here!