Two important items relevant to the Institute made today’s on-line edition of the Chronicle of Higher Education. In the first, the House version of the DOD appropriation’s bill would cap overhead reimbursements at 20% on competitive research grants. This is a very big deal since the typical overhead reimbursement rate is currently around 50% for US Research Universities.
The second item concerns the migration of Vernon’s Smith’s experimental economic group–which is moving to Chapman University (a non-PHD granting private institution in Orange County California)–minus our own Kevin McCabe, who is quoted extensively in the interview. Kevin heads up our Neuroeconomics Center. I am delighted that he is staying at George Mason–and of course, our Brain Imaging Center is a key tool to his work, that simply wouldn’t be available at Chapman.
Jim
Discoverers and Discoveries 