 |
|
List is best known for pioneering the use of field experiments in economics. His work has stimulated a new area of study that explores economic behavior in naturally occurring environments with controlled experimental methods.
He is the author of numerous articles on myriad subjects, varying from the economic aspects of environmental regulation to whether social preferences are important to markets.
He has studied decision-making in the marketplace, oftentimes finding that experienced agents conform well to neoclassical theory. For example, List has found that inexperienced agents are best described by “endowment effects”—when investors attribute added value to that which they already own—whereas experienced agents typically do not have such preferences. This result has importance for normative economic theory, damage resolution, benefit-cost analysis, and appropriate property rights regimes.
List comes to Chicago from the University of Maryland, where he was a professor of economics. He previously taught at the University of Arizona and the University of Central Florida.
In addition to his faculty appointments, he is a faculty research fellow at the National Bureau of Economic Research, university fellow at Resources for the Future, and Extramural fellow at Tilburg University.
He received a B.S. in economics from the University of Wisconsin-Stevens Point in 1992, and a Ph.D. in economics from the University of Wyoming in 1996.
from : The Chicago Chronicle
