{"id":3250,"date":"2018-01-26T14:25:13","date_gmt":"2018-01-26T22:25:13","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/business\/2018\/01\/26\/2018-graduate-workshop-in-experimental-economics\/"},"modified":"2026-07-20T06:40:29","modified_gmt":"2026-07-20T06:40:29","slug":"2018-graduate-workshop-in-experimental-economics","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/business\/2018\/01\/26\/2018-graduate-workshop-in-experimental-economics\/","title":{"rendered":"2018 Graduate Workshop in Experimental Economics"},"content":{"rendered":"

\"\"January 09-13, 2018,<\/strong> The Economic Science Institute<\/a> at Chapman University hosted 20 doctoral students from around the world for the 23rd Annual Visiting Graduate Student Workshop in Experimental Economics.<\/p>\n

The workshop introduces students to experimental economics by exposing students to the practical skills needed to run experiments as well as the deeper philosophy of economics. In a series of 10 sessions, the students first participated in an economic experiment earning cash as a naive subject would. Afterwards, students discussed with the faculty member the research questions and methods of the project.<\/p>\n

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Vernon Smith and Bart Wilson lead a Socratic discussion<\/figcaption><\/figure>\n

Participants enjoy the unique workshop structure of using experiments. \u201cI would highly recommend the workshop to others,\u201d said one participant. \u201cIt is an unusual but extremely helpful procedure to participate in experiments first and then have a presentation about exactly this experiment and related topics. It gives a better and by far more interesting insight in ongoing top-level research than “just” presentations, since it definitely provides a deeper level of understanding.\u201d<\/p>\n

The workshop participants had the opportunity to interact with the faculty throughout and the week ended with a dinner with the presenters and attendees. \u201cThis is best place for experimental economists,\u201d one participant wrote. \u201cEveryone does experimental studies, and you have so many experts to talk with and ask suggestions for.\u201d<\/p>\n

The workshop is not only a fantastic way to learn more about experimental economics, it can be a great networking experience. Participants meet other passionate and future peers in their field. Attendees become quick friends and can remain life-time colleagues or co-authors. One participant wrote, \u201cThe workshop is top notch. My peers were all clearly intelligent, motivated, and interesting people. I think developing a network here will produce long-lived value. Further, I have developed new interests here and met people with whom I hope I can collaborate on future work.\u201d<\/p>\n

The topics covered a broad range of applications, including macro institutions, risk preferences, and social norms in the lab. Vernon Smith and Bart Wilson led a Socratic round table discussion on selected essays and selections of writings by W.S. Jevons, F.A. Hayek, and Vernon Smith. The students also had the opportunity to attend a couple of talks at the Experimental Finance Conference also taking place at Chapman University.<\/p>\n

The workshop is generously sponsored by the International Foundation for Research in Experimental Economics (IFREE)<\/a>.<\/p>\n