- Date of Birth: June 15, 1956.
- Place of Birth: London, England.
- Address: Department of Economics, New York University, 19 West Fourth St., New York, NY, 10012
- Email: email@example.com
- Phone: 212 998 8950
Education and Employment
- Cambridge University, Economics, BA (First Class), 1978.
- Yale University, Economics, Ph.D. (with Distinction), 1983.
- Harvard University, Department of Economics. Assistant Professor, 1983-86.
- Princeton University, Department of Economics. Assistant Professor, 1986-89.
- Columbia University, Department of Economics.
- Associate Professor, 1989-1992.
- Professor, 1992-1995.
- New York University, Department of Economics.
- Professor, 1995-present.
- Co-Director Center for Experimental Social Science, 2001-present.
Other Appointments and Positions:
- Fellow of the Econometric Society
- Co-Editor with Andrew Schotter of Oxford University Press/CESS series “Methods of Modern Economics”
- Co-Editor, Economic Inquiry
- Research Associate, National Bureau of Economic Research
- Member of the HRS (Health and Retirement Survey) Steering Committee
- Founder, Advanced Valuation Analytics Corporation (AVAC)
- Advisory Board Member, Primarq
PUBLICATIONS BY SUBJECT AREA
1. Indivisibilities and Economic Outcomes
- “The Variability of Aggregate Demand with (S,s) Inventory Policies,” Econometrica, 1395-1410, 1985.
- “Menu Costs and the Neutrality of Money,” with Daniel Spulber, Quarterly Journal of Economics, 703-725, 1987.
- “State-Dependent Pricing and the Dynamics of Money and Output” with John Leahy, Quarterly Journal of Economics, pp. 683-708, 1991.
- “Sectoral Shocks, Learning, and Aggregate Fluctuations,” with John Leahy, Review of Economic Studies, 777-794, 1993.
- “Business as Usual, Market Crashes, and Wisdom After the Fact,” with John Leahy, American Economic Review, 548-565, 1994.
- “Monetary Policy as a Process of Search,” with John Leahy, American Economic Review, 1996, 689-702, 1996.
- “Aggregation and Optimization With State Dependent Pricing,” with John Leahy, Econometrica, pp. 601-626, 1997.
- “Miracle on Sixth Avenue,” with John Leahy, Economic Journal, 60-74, 1998.
- “Mass Layoffs and Unemployment,” with John Leahy, Journal of Monetary Economics, vol. 46, 121-142, 2000.
- “On the Relationship Between Representative Agent Models and (S,s) Models,” with John Leahy, in Ito and Rose, East Asia Seminar on Economics, Vol. 13, Chicago, University of Chicago Press, 2004.
- “Equilibrium in a Durables Goods Market with Lumpy Adjustment Costs,” with John Leahy, Journal of Economic Theory, 187-213, 2006.
- “Economic Theory and the World of Practice: A Celebration of the (S,s) Model”, with John Leahy, Journal of Economic Perspectives, 2010.
- “Trading Frictions and House Price Dynamics”, with John Leahy, forthcoming in Journal of Money, Credit, and Banking, 2010.
- Machine Learning and the Spatial Structure of House Prices and Housing Returns, with Sumit Chopra, John Leahy, Yann LeCun, and Trivikraman Thampy, mimeo. 2008.
- “A Graph-Theoretic Approach to Allocation Markets,” with John Leahy, mimeo.
- “Comparative Statics with Indivisible Goods: The Five Market Transitions,” with John Leahy, mimeo.
2. Psychology and Economics
- “Psychological Expected Utility Theory and Anticipatory Feelings,” with John Leahy, Quarterly Journal of Economics, 55-80, 2001.
- “Behavioral Policy,” with John Leahy, in The Psychology of Individual Decisions, Isabelle Brocas and Juan Carrillo, eds, Oxford University Press, 2003.
- “AIDS Policy and Psychology: A Mechanism Design Approach,” (with Kfir Eliaz), Rand Journal of Economics, 2003.
- “Fear as a Policy Instrument”, in Time and Decision, eds. Roy Baumeister, George Loewenstein, and Daniel Read, Russell Sage, New York, 2003.
- “The Social Discount Rate,” (with John Leahy), Journal of Political Economy, 1257-1268, 2004.
- “The Supply of Information by a Concerned Expert,” with John Leahy, Economic Journal, 487-505, 2004.
- “Dopamine, Reward Prediction Error, and Economics”, with Mark Dean, Quarterly Journal of Economics, Vol. 123, No. 2, Pages 663-701, 2008.
- “Economic Theory and Psychological Data”, in Andrew Caplin and Andrew Schotter, eds., Foundations of Positive and Normative Economics, OUP, 2008.
- “Axiomatic Methods, Dopamine, and Reward Prediction Error,” with Mark Dean, Current Opinion in Neurobiology, August 2008, 18(2): 197-202
- “Axiomatic Neuroeconomics, ” with Mark Dean, in Neuroeconomics: Decision Making and the Brain, Paul Glimcher, Colin Camerer, Ernst Fehr and Russell Poldrack, eds, 2008.
- “Enhanced Choice Experiments” with Mark Dean, forthcoming in Methods of Modern Experimental Economics, Guillaume Frechette and Andrew Schotter, eds., Oxford University Press.
- “Falsifying the Reward Prediction Error Hypothesis with an Axiomatic Model,” with Mark Dean, Paul Glimcher, and Robb Rutledge, forthcoming Journal of Neuroscience.
- “Measuring Beliefs and Rewards: A Neuroeconomic Approach,” with Mark Dean, Paul Glimcher, and Robb Rutledge, forthcoming Quarterly Journal of Economics.
- “Search, Choice and Revealed Preference,” with Mark Dean, forthcoming Theoretical Economics.
- “Search and Satisficing,” with Mark Dean and Daniel Martin, forthcoming American Economic Review.
- “Time, Type, and Level of Reasoning,” with Marina Agranov and Chloe Tergiman, mimeo.
3. Life Cyle Consumption and Portfolio Choice
- “Wealth Accumulation and the Propensity to Plan,” with John Ameriks and John Leahy, Quarterly Journal of Economics, 118, 1007—1047, 2003.
- “Measuring Self Control Problems,” with John Ameriks, John Leahy, and T. Tyler, American Economic Review, vol.97, 966-972, 2007.
- “Retirement Consumption: Insights from a Survey,” with John Ameriks and J. Leahy, Review of Economics and Statistics, 89(2): 265–274, 2007.
- “Annuity Valuation, Long Term Care, and Bequest Motives,” with John Ameriks, Steven Laufer, and Stijn Van Nieuwerburgh, Recalibrating Retirement Spending and Saving, J. Ameriks and O. Mitchell, (Eds), Oxford University Press, 2008.
- “The Absent-Minded Consumer,” with John Leahy, under revision for Journal of Monetary Economics.
- “The Joy of Giving or Assisted Living? Strategic Surveys and the Bequest Motive” with John Ameriks, Steven Laufer, and Stijn Van Nieuwerburgh, forthcoming Journal of Finance.
4. Real Estate Finance
- Housing Partnerships: A New Approach to a Market at a Crossroads, with Sewin Chan, Charles Freeman and Joseph Tracy). MIT Press, 1997.
- “Collateral Damage: How Refinancing Constraints Exacerbate Regional Recessions,” with Charles Freeman and Joseph Tracy, Journal of Money, Credit and Banking, 496-516, 1997.
- The Reverse Mortgage Market: Problems and Prospects. In Innovations in Retirement Financing. Eds Olivia S. Mitchell, Zvi Bodie, Brett Hammond, and Steve Zeldes. Philadelphia, PA: University of Pennsylvania Press: 234-253,2002.
- “Shared Equity Mortgages, Housing Affordability, and Homeownership” with James Carr. Frederick Pollock, and Zhong Yi Tong, Housing Policy Debate, vol. 18, 209-242, 2007.
- Facilitating Shared Appreciation Mortgages to Prevent Housing Crashes and Affordability Crises with Noël Cunningham, Mitchell Engler, and Frederick Pollock, Hamilton Project Discussion Paper 2008-12.
- “Home Equity Insurance: A Pilot Project”, with Goetzmann, William N., Hangen, Eric, Nalebuff, Barry J., Prentice, Elisabeth, Rodkin, John, Spiegel, Matthew I. and Skinner,Tom, in Housing Markets and the Economy, Eds. E. Glaeser and J. Quigley, Lincoln Press, 2009.
- “Rectifying the Tax Treatment of Shared Appreciation Mortgages,” with Noel Cunningham and Mitchell Engler, Tax Law Review, vol. 62, 505-538, 2010.
- “Reassessing FHA Risk.” With Diego Aragon, Sumit Chopra, John Leahy, Yann LeCun, Marco Scoffier, and Joseph Tracy. NBER Working Paper 15802. 2010.
5. Other Topics
- “Scarf’s Procedure for Integer Programming and a Dual Simplex Algorithm,” with Philip White and Ludo van der Heyden, Mathematics of Operations Research, 1983.
- “Multi-Dimensional Product Differentiation and Price Competition” with Barry Nalebuff, Oxford Economic Papers, vol. 38, 129-145.
- “Tariffs and the Most-Favored Nation Clause: A Game Theoretic Approach” with Kala Krishna, Seoul Journal of Economics, 1988.
- “On 64%-Majority Rule,” with Barry Nalebuff, Econometrica, pp. 787-815, 1988.
- “Aggregation and Social Choice,” with Barry Nalebuff, Econometrica, 1-24, 1991.
- “Aggregation and Imperfect Competition,” with Barry Nalebuff, Econometrica, 25-60, 1991.
- “Competition Among Institutions,” with Barry Nalebuff, Journal of Economic Theory, 1997.
- “The Recursive Approach to Time Inconsistency,” with John Leahy, Journal of Economic Theory, 134-156, 2006.