Welcome...
The Interdisciplinary Center for Economic Science (ICES) at George Mason University is a research center and laboratory specializing in experimental economics. Founded in 2001. ICES is located at George Mason University's Arlington, VA campus and is affiliated with the GMU School of Law, Department of Economics in the College of Arts and Sciences, and the Mercatus Center.
Experimental economics is the application of the laboratory method to test the validity of various economic theories and to test bed new market mechanisms. Using cash-motivated students, economic experiments create real-world incentives to help us better understand why markets and other exchange systems work the way they do. The motto of ICES, a quote by Benjamin Franklin, sums up the experimental approach to researching and teaching economics:
"Tell me and I forget. Teach me and I remember. Involve me and I learn."
If you are a George Mason University student and are interested in earning cash in an economic experiment, please sign up with our online recruiter. You will receive e-mail invitations to participate in experiments that fit your schedule.
For more information on experimental economics, see:
- FAQ about Experimental Economics
- V. Smith, (1994). "Economics in the Laboratory," Journal of Economic Perspectives 8(1), 113-131. (Web-published with permission.)
- V. Smith, (1987). "Experimental Methods in Economics," The New Palgrave: A Dictionary of Economics, John Eatwell, Murray Milgate, and Peter Newman, reproduced with permission of Palgrave.
- V. Smith, (1982). "Microeconomic Systems as an Experimental Science," American Economic Review 72(5), 923-955. (Web-published with permission.)
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