LMU Celebrates Opening of Experimental Economics Lab
Loyola Marymount University took a giant leap forward in the field of
economics by opening the LMU Experimental Economics Lab on February 1,
2008. More than 40 students, faculty, staff and donors attended the
grand opening which was held in University Hall 4228.
The
event included a demonstration of the lab's services and speeches
delivered by Dorothea Herreiner, lab director; James Konow, chair of
the Department of Economics; Michael Engh, S.J., dean of Bellarmine
College; and Jim ('66) and Tish Wood, donors of the Econ lab. A
reception immediately followed.
"Young business people need
to have an understanding of a value system and integrate it into their
lives," Wood said. "The econ lab will create future business leaders
who are more attuned to social justice and the ethical implications of
their actions."
The 1,000 square-foot econ lab is equipped
with 33 laptop computers and three servers. It will be used to study
different fields in economics with experimental methods and ethical
decision-making.
"Experimental economics has become a major
field in economics over the past 15 years and a state-of-the-art econ
lab is essential for LMU to be at the forefront of that field," said
Herreiner.
The lab's Web site can be found HERE.
- Fred Puza