University of Chicago summer institute for field experiments

by on March 17, 2016 at 3:37 pm in Economics, Education, Science | Permalink

The Summer Institute on Field Experiments (SIFE) is a highly selective and innovative program at the University of Chicago that brings together the brightest young economists in the world and companies interested in using rigorous field experiment methods and behavioral economics to revolutionize the way they do business. The Institute seeks organization partners who are willing to be “matched” to the most promising of the Institute’s participants to work together and design solutions to problems they face. Organization partners will share their business challenges, and the Institute’s academics help them to scientifically test new ideas and solutions.

Run by John List, here is full information.

1 Ray Lopez March 17, 2016 at 3:43 pm

I nominate myself. I just drew my game vs the silicon monster, details here: (Fritz says I’m winning but I was happy with a draw). Good night

2 Hana March 17, 2016 at 8:12 pm

Yawn… The only people that know less about business than economists are attorneys. Please give me the list of 5 (five) businesses, absent cronyism and rent seeking, and not including government businesses, that were ‘revolutionized’ by economists.

3 Ray Lopez March 17, 2016 at 10:52 pm

Why such an exclusive list? If economists revolutionized government businesses, which is 20-40% of western GDPs, depending on how you count it, that would be a major accomplishment. Reading Dani Rodrik’s book Economic Rules now, and he mentions in the introduction that economists like Levy revolutionized the charity business, with Progresa (later renamed Oportunidades, and later still, Prospera), the first major conditional cash transfer (CCT) program established in a developing country.

4 Nathan W March 17, 2016 at 11:52 pm

Think of it this way: Name ONE major business that was revolutionized by someone with zero understanding of economics. (I propose Trump…)

Economics never was about learning to run a business. But economics principles are critical for effectively strategizing for any business of any particularly large size.

However, this is a fairly new sub-discipline in economics, and it may have more direct application for business.

5 ??? March 18, 2016 at 2:09 am

Ever heard of Google? Ever wonder who designed their ad auctions? (Hint: It ain’t the software devs.)

6 Paul March 20, 2016 at 12:54 am

Promising to “revolutionize” the way they do business seems a tad arrogant. “Improve” would be more realistic.

Besides haven’t businesses been running experiments, like, forever? Only they call it trial and error.

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