Three ERL graduate student staff members completed their PhDs this year. In all three of their theses, experimental economics research, done in the ERL, played a prominent role. All three will move on to faculty positions. J. Forrest Williams will be a new assistant professor in the Economics Department at Portland State University; Xiaoyuan Wang will be a new assistant professor in the School of Management and Economics, University of Electronic Science and Technology of China ; Hui-Chun Peng will be a new assistant professor at Tunghai University.