Professor strives to test economic theories in real-life experiments


Chicago Maroon, May 15, 2009


Economics professor John List doesn’t see why economics has to be studied any differently from biology: other sciences run experiments to isolate a variable, and so should economics.

List teaches a class at the U of C on experimental economics. Where traditional economics relies on analyzing data from past events, experimental economists take a more active approach. List, with a team of grads and undergrads, doesn’t hesitate to set up field experiments to test his theories on everything from school incentives to discrimination against the disabled.

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