Woodford’s current work centers on the implications of bounded rationality for economic analysis.
The labor economist will join Princeton in July next year.
Adrien Auclert, Julien Grenet and Alexandra Roulet have joined the 15-strong advisory body.
Gopi Shah Goda takes over from economist Susan Athey on the panel, which advises Gov. Gavin Newsom.
Fishback is an economic historian known for his research on topics including the political economy of Franklin D. Roosevelt’s New Deal.
Schmalensee is widely known as an expert in industrial organization economics and for his work on multisided platforms.
The award is given each year to an outstanding researcher whose work in a scientific discipline has had an international impact.
The professor of international business begins the four-year term on July 1.
The UCLA professor will join the Long Island-based university next summer.
The Princeton economist will serve as president-elect through 2023 and as president in 2024.