BY DANIEL MASSARI
The speaker for the 28th Annual Henry George Lecture is John List, Ph.D., Homer J. Livingston professor of economics at the University of Chicago. The lecture will be held at 7:30 p.m. Tuesday.
List received his B.S. from the University of Wisconsin-Stevens Point and his Ph.D. from the University of Wyoming. List was one of the Top 7 economists in the world in 2010 according to Forbes Magazine. The title of Lists’ lecture is “Life as a Laboratory: Using Field Experiments in Economics.” Past Henry George presenters have included Nobel Laureates Paul Krugman and Joseph Stiglitz, among other esteemed economists.
As referenced in the title of his lecture, List has dedicated his life to using field experiments to explore economic questions. He feels that using data from the lab and the field provides a richer understanding for our conceptualization of basic economic principles. List uses these field experiments to offer new insights in areas such as education, private provision of public goods, social preferences, marketplace effects on corporate and government policy decisions and multi-unit auctions. On his website, he states: “to obtain data for my field experiments, I have made use of several different markets, including countless charitable fundraising activities, The Chicago Board of Trade, Costa Rican CEOs [and] the new automobile market …” List has published articles on diverse topics, including “Exploring the Impact of Financial Incentives on Stereotype Threat” and “The Uncertainty Effect: When a Risky Prospect is Valued Less than its Worst Possible Outcome.”
The Henry George lecture, named after an American economist and social reformer, is sponsored by the Department of Economics and Finance, Omicron Delta Epsilon and the Robert Schalkenbach Foundation and is held twice per school year.
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