Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". The first known use of the term "econometrics" was by Polish economist Paweł Ciompa in 1910. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar Frisch is credited with coining the term in the sense in which it is used today.
Colin Farrell Camerer is an American Behavioral Financier and a Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology (Caltech).
Ariel Rubinstein is an Israeli economist who works in Economic Theory, Game Theory and Bounded Rationality.
Charles Raymond Plott is an American economist. He currently is Edward S. Harkness Professor of Economics and Political Science at the California Institute of Technology, Director, Laboratory for Experimental Economics and Political Science, and a pioneer in the field of experimental economics. His research is focused on the basic principles of process performance and the use of those principles in the design of new, decentralized processes to solve complex problems. Applications are found in mechanisms for allocating complex items such as the markets for pollution permits in Southern California, the FCC auction of licenses for Personal Communication Systems, the auctions for electric power in California, the allocation of landing rights at the major U.S. airports, access of private trains to public railway tracks, access to natural gas pipelines, the allocation of licenses for offshore aquaculture sites, the combinatorial sale of fleets of vehicles, and the application of complex procurements. Plott has contributed extensively to the development and application of a laboratory experimental methodology in the fields of economics and political science.
Jacob Marschak was an American economist, known as "the Father of Econometrics".
Donald Wilfrid Kao Andrews is a Canadian economist. He is the Tjalling Koopmans Professor of Economics at the Cowles Foundation, Yale University. Born in Vancouver, he received his B.A. in 1977 at the University of British Columbia, his M.A. in 1980 in statistics at the University of California, Berkeley, and his Ph.D. in economics in 1982 also from the University of California, Berkeley.
Economic methodology is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning. In contemporary English, 'methodology' may reference theoretical or systematic aspects of a method. Philosophy and economics also takes up methodology at the intersection of the two subjects.
Sir Richard William Blundell CBE FBA is a British economist and econometrician.
Neil Shephard, FBA, is an econometrician, currently Frank B. Baird, Jr. Professor of Science in the Department of Economics and the Department of Statistics at Harvard University.
Konstantinos "Costas" Meghir is a Greek/British economist. He studied at the University of Manchester where he graduated with a Ph.D. in 1985, following an MA in economics in 1980 and a BA in Economics and Econometrics in 1979. In 1997 he was awarded the Bodosakis foundation prize and in 2000 he was awarded the “Ragnar Frisch Medal” for his article “Estimating Labour Supply Responses using Tax Reforms”.
Pradeep Dubey is an Indian game theorist. He is Professor of Economics at State University of New York, Stony Brook and a member of the Stony Brook Center for Game Theory. He also holds a visiting position at Cowles Foundation, Yale University. He did his schooling from the St. Columba's School, Delhi. He received his Ph.D. in Applied Mathematics from Cornell University and B.Sc. from the University of Delhi. His areas of research interests are game theory and mathematical economics. He has published, among others, in Econometrica, Games and Economic Behavior, Journal of Economic Theory and Quarterly Journal of Economics. He is a Fellow of The Econometric Society and a member of the council of Game Theory Society.
Marc Leon Nerlove is an American economist specialized in agricultural economics and econometrics. He is currently Professor of Agricultural and Resource Economics at the University of Maryland. In 1964 he was elected as a Fellow of the American Statistical Association. In 1969 he was awarded the John Bates Clark Medal for his contributions to economics. In 2012, he was elected Distinguished Fellow of the American Economic Association.
Ehud Kalai is a prominent Israeli American game theorist and mathematical economist known for his contributions to the field of game theory and its interface with economics, social choice, computer science and operations research. He was the James J. O’Connor Distinguished Professor of Decision and Game Sciences at Northwestern University, 1975-2017, and currently is a Professor Emeritus of Managerial Economics and Decision Sciences.
Pietro Balestra was a Swiss economist specializing in econometrics. He was born in Lugano and earned a B.A. in economics from the University of Fribourg. Balestra moved for graduate work to the University of Kansas and Stanford University. He was awarded the Ph.D. in Economics by Stanford University in 1965.
Matthew Owen Jackson is the William D. Eberle Professor of Economics at Stanford University, an external faculty member of the Santa Fe Institute, and a fellow of CIFAR. He received his Ph.D. from Stanford University in 1988. Jackson has been honored with the Social Choice and Welfare Prize, the B.E.Press Arrow Prize for Senior Economists, and a Guggenheim Fellowship. He has served as co-editor of Games and Economic Behavior, the Review of Economic Design, and Econometrica. Jackson co-teaches a popular game theory course on Coursera.org, along with Kevin Leyton-Brown and Yoav Shoham.
Peter L. Bossaerts is a Belgian-American economist. He is considered one of the pioneers and leading researchers in neuroeconomics and experimental finance.
Eddie Dekel is an American economist. He is a Professor at Northwestern University and Tel Aviv University. His fields of research include game theory and decision theory.
James Andreoni is a Professor in the Economics Department of the University of California, San Diego where he directs the EconLab. His research focuses on behavioral economics, experimental economics, and public economics. Andreoni is well known for his research on altruism, and in particular for coining the term warm-glow giving to describe personal gains from altruistic acts. Andreoni’s research uses a mixture of economic theory, experiments, and standard analysis of survey data to explore a variety of topics including: moral decision making, time preferences, charitable giving and altruistic decisions. His research has been described as expanding “our understanding of donors and charities and our broader understanding of public goods and expenditures.”
Leeat Yariv is the Uwe E. Reinhardt Professor of Economics at Princeton University, a Research Fellow of CEPR, and a Research Associate of NBER. She is the founder and director of the Princeton Experimental Laboratory for the Social Sciences (PExL). Yariv is a fellow of the Econometric Society and the Society for the Advancement of Economic Theory. She received her Ph.D. from Harvard University and has held positions at UCLA and Caltech prior to her move to Princeton in 2017. She has served on various journal editorial boards, including the American Economic Review, Econometrica, Games and Economic Behavior, Journal of Economic Literature, and Quantitative Economics.
