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On The Importance Of Grad Students

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Jul 27 2007 12:00am EDT

On the Importance of Grad Students

David Glenn at the Chronicle of Higher Education adds an interesting twist to the news that Vernon Smith is leaving GMU for Chapman University:

John H. Kagel, a prominent experimental economist at Ohio State University who has never worked closely with Mr. Smith, said in an interview that he was startled by the news. "I was just at some meetings with him in Rome," he said, "and there was no hint of this."
Mr. Kagel said that he believed it would be a challenge to maintain a research program at a non-Ph.D.-granting institution. "The lifeblood of these research groups is often the graduate students," he said, "and that's the piece that seems to be missing here."

Is it possible for experimental economists to do first-rate work without grad students? I guess we'll find out.

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