The Exeter Prize is an economics prize of the University of Exeter Business School, which has been awarded since 2012. The Exeter Prize is awarded to the best paper published in the previous calendar year in a peer-reviewed journal in the fields of Experimental Economics, Decision Theory and Behavioural Economics.
Vernon Lomax Smith is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics at the University of Arizona, professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith shared the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics. He worked to establish 'laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms'.
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do. Experimental economics have also expanded to understand institutions and the law.
Fernando Enrique Alvarez is an Argentine macroeconomist. He is professor of economics at the University of Chicago. He received his B.A. in Economics at Universidad Nacional de La Plata in 1989 and his Ph.D. from the University of Minnesota in 1994. He was elected a Fellow of the Econometric Society in 2008. He was named a Fellow of the American Academy of Arts and Sciences in 2018.
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles.
The American Economic Review is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of economics. The current editor-in-chief is Esther Duflo, an economic professor at the Massachusetts Institute of Technology. The journal is based in Pittsburgh.
The Frisch Medal is an award in economics given by the Econometric Society. It is awarded every two years for empirical or theoretical applied research published in Econometrica during the previous five years. The award was named in honor of Ragnar Frisch, first co-recipient of the Nobel prize in economics and editor of Econometrica from 1933 to 1954. In the opinion of Rich Jensen, Gilbert F. Schaefer Professor of Economics and chairperson of the Department of Economics of the University of Notre Dame, "The Frisch medal is not only one of the top three prizes in the field of economics, but also the most prestigious 'best article' award in the profession". Five Frisch medal winners have also won the Nobel Prize.
Fabrizio Zilibotti is an Italian economist. He is the Tuntex Professor of International and Development Economics at Yale University. Zilibotti was previously Professor of Economics at University College London, the University of Zürich, and at the Institute for International Economic Studies in Stockholm.
Debraj Ray is an Indian-American economist, who is currently teaching and working at New York University. His research interests focus on development economics and game theory, and was the Co-editor of American Economic Review.
Alvin Eliot Roth is an American academic. He is the Craig and Susan McCaw professor of economics at Stanford University and the Gund professor of economics and business administration emeritus at Harvard University. He was President of the American Economic Association in 2017.
Axel Ockenfels is a German economist. He is professor of economics at the University of Cologne. He also is Director of the Cologne Laboratory of Economic Research, Speaker of the "University of Cologne Excellence Center for Social and Economic Behavior ", and Coordinator of the DFG research unit "Design & Behavior".
Robin Burgess, is a Professor of Economics, Co-founder and Director of the International Growth Centre, as well as Co-Founder and Director of the Economics of Energy and the Environment (EEE) program at the London School of Economics and Political Science.
The economics of digitization is the field of economics that studies how digitization, digitalisation and digital transformation affects markets and how digital data can be used to study economics. Digitization is the process by which technology lowers the costs of storing, sharing, and analyzing data. This has changed how consumers behave, how industrial activity is organized, and how governments operate. The economics of digitization exists as a distinct field of economics for two reasons. First, new economic models are needed because many traditional assumptions about information no longer hold in a digitized world. Second, the new types of data generated by digitization require new methods for their analysis.
Fuhito Kojima is a Japanese economist and a professor at the University of Tokyo.
Yuliy Sannikov is a Ukrainian economist known for his contributions to mathematical economics, game theory, and corporate finance. He is an economics professor at the Stanford Graduate School of Business, and won both the 2015 Fischer Black Prize and 2016 John Bates Clark Medal.
Emi Nakamura is a Canadian-American economist. She is the Chancellor's Professor of Economics at University of California, Berkeley.
Marina Halac is a professor of economics at Yale University. She is also an associate editor of Econometrica and a member of the editorial board of the American Economic Review. She was the 2016 recipient of the Elaine Bennett Research Prize, which is awarded biennially by the American Economic Association to recognize outstanding research by a woman. She received this award within the first seven years after completing her PhD in economics from the University of California, Berkeley. In 2017, she was named one of the "Best 40 under 40 Business School Professors" by Poets and Quants. She was a recipient of the George S. Eccles Research Award in 2017, which is awarded to the author of the best book or writings on economics that bridge theory and practice, as determined by top members of the Columbia Business School faculty and alumni.
Stochastic transitivity models are stochastic versions of the transitivity property of binary relations studied in mathematics. Several models of stochastic transitivity exist and have been used to describe the probabilities involved in experiments of paired comparisons, specifically in scenarios where transitivity is expected, however, empirical observations of the binary relation is probabilistic. For example, players' skills in a sport might be expected to be transitive, i.e. "if player A is better than B and B is better than C, then player A must be better than C"; however, in any given match, a weaker player might still end up winning with a positive probability. Tightly matched players might have a higher chance of observing this inversion while players with large differences in their skills might only see these inversions happen seldom. Stochastic transitivity models formalize such relations between the probabilities and the underlying transitive relation.
Yeon-Koo Che is a Korean American economist. He is the Kelvin J. Lancaster Professor of Economic Theory at Columbia University, a position he held since 2009. Prior to joining Columbia in 2005, he was a professor at University of Wisconsin-Madison.
Greg Kaplan is professor of economics at the University of Chicago. His research encompasses macroeconomics, labor economics and applied microeconomics, with a focus on distributional issues.
Vincent P. Crawford is an American economist. He is a senior research fellow at the University of Oxford, following his tenure as Drummond Professor of Political Economy from 2010 to 2020. He is also research professor at the University of California, San Diego.