Itzhak GILBOA

Professor

Economics and Decision Sciences

gilboa@hec.fr http://itzhakgilboa.weebly.com/
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Biography

Itzhak Gilboa studied Mathematics and Computer Science (BSc, 1982) and Economics (BA, 1982, MA, 1984, Ph.D., 1987) at Tel Aviv University, with the graduate studies under the supervision of David Schmeidler.

He works in decision theory and other fields in economic theory such as game theory and social choice. His main research areas are decision under uncertainty, focusing on the definition of probability, notions of rationality, non-Bayesian decision models, and related issues.

He has been teaching a variety of courses on microeconomics, decision theory, game theory, psychology and economics, and related fields, at the undergraduate, graduate, and MBA levels.

He is the author of severel books such as Analogies and Theories: Formal Models of Reasoning, Oxford University Press, 2015 ; Theory of Decision under Uncertainty, Cambridge University Press, 2009 ; Rational Choice, MIT Press, 2010 and  Making Better Decisions, Wiley-Blackwell, 2010.

His recent research papers are published in prestigious scientific journals such as American Economic Review, Games and Economic Behavior, Annual Reviews in Economics, BE Journals in Theoretical Economics, Econometrica, Economics and Philosophy, Journal of Economic Theory, Journal of Economic Perspectives, Mathematical Social Sciences, Review of Economics and Statistics, The Journal of Econometrics.

Itzhak Gilboa is also the holder of the AXA Chair in Decision Sciences

 

Scientific articles

Economics: Between prediction and criticism

International Economic Review, 2 December 2018, vol. 59, n° 2, pp 367-390, (in coll. with A. POSTLEWAITE, L. SAMUELSON, D. SCHMEIDLER)

Psychophysical foundations of the Cobb–Douglas utility function

Economics Letters, August 2017, vol. 157, pp 21-23, (in coll. with R. ARGENZIANO)

Memorable Consumption

Journal of Economic Theory, September 2016, vol. 165, pp 414–455, (in coll. with A. POSTLEWAITE, L. SAMUELSON)

Rationality and the Bayesian paradigm

Journal of Economic Methodology, September 2015, vol. 22, n° 3, pp 312-334,

A world of models: review of Mary S. Morgan, The world in the model: how economists work and think (book review)

Journal of Economic Methodology, 2015, vol. 22, n° 2, pp 235-240,

Pareto Efficiency with Different Beliefs

Journal of Legal Studies, June 2014, vol. 43, n° S2, pp S151-S171, (in coll. with G. GAYER, L. SAMUELSON, D. SCHMEIDLER)

Economic Models as Analogies

Economic Journal, August 2014, vol. 124, n° 578, pp 513-533, (in coll. with A. POSTLEWAITE, L. SAMUELSON, D. SCHMEIDLER)

Rhetoric and Analogies

Research in Economics, July 2014, vol. 68, n° 1, pp 1-10, (in coll. with E. ARAGONES, A. POSTLEWAITE, D. SCHMEIDLER)

No-Betting Pareto Dominance

Econometrica, July 2014, vol. 82, n° 4, pp 1405-1442, (in coll. with L. SAMUELSON, D. SCHMEIDLER)

Analogies and Theories: The Role of Simplicity and the Emergence of Norms

Games and Economic Behavior, January 2014, vol. 83, pp 267–283, (in coll. with G. GAYER)

Books

Chapters in edited books

Proceedings

Working papers

Subjectivity in Inductive Inference

Working Papers, Yale School of Management's Economics Research Network , 2009

Majority Vote Following a debate

Cahier de Recherche du Groupe HEC , 2002

Scientific articles

Subjective Causality

Revue Economique, 2023, vol. 4, n° 74, pp 619-633, (in coll. with Y. Alexander)

Economic Theory: Economics, Methods and Methodology

Revue Economique, November 2022, vol. 73, n° 6, pp 897-919, (in coll. with A. Postlewaite, L. Samuelson, D. Schmeidler)

Learning (to disagree?) in large worlds

Journal of Economic Theory, January 2022, vol. 199, n° 105166, (in coll. with L. Samuelson, D. Schmeidler)

No-betting Pareto under ambiguity

Theory and Decision, June 2022, vol. 92, pp 625-645, (in coll. with L. Samuelson)

Books

Chapters in edited books

Proceedings

Working papers

States and Eventualities: How to Understand Savage without Anyone Being Hanged

Cahier de Recherche , 2018

What Are Axiomatizations Good For?

Cahier de Recherche , 2018

Cases and Scenarios in Decisions Under Uncertainty

Cahier de Recherche du Groupe HEC , 2017

Foundations of Weighted Utilitarianism

Cahier de Recherche , 2017

Education

  • Ph.D. in Economy, Tel-Aviv University - Israel
  • M.A. in Economics, Tel-Aviv University - Israel
  • B.Sc. in Mathematics and Computer Science, Tel-Aviv University - Israel
  • B.A. in Economics, Tel-Aviv University - Israel

Academic appointments

External Academic Responsibilities

  • 1992-1997 Professor of Economics and Decision Sciences Northwestern University, Kellogg Graduate School of Management

Scientific Activities

Membership in Academic or Professional Organisation

  • Member of the Council of the Econometric Society
  • Member of the Game Theory Society Council
  • Chair of the Berglas School of Economics
  • Head of the Adi Lautman Interdisciplinary Program for Excellent Students
  • Chair of Junior Recruiting Committee
  • The Econometric Society
  • The Society for the Promotion of Economic Theory

Editorial activities

  • 2014- Co-Editor, Econometrica

    • Conference organisation

  • 2021-2021 Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Determinants of Utility
  • 2020-2020 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Prospect Theory
  • 2019-2019 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Ambiguity, and Honoring David Schmeidler's 80th Birthday
  • 2018-2018 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Modes of Decision Making, and Dedicated to the memory of Herbert A. Simon
  • 2017-2017 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Voting Systems, and Dedicated to the memory of Kenneth J. Arrow
  • 2016-2016 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Beyond Revealed Preference
  • 2015-2015 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Decisions and Finance
  • 2014-2014 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Individual Rationality, Group Rationality
  • 2013-2013 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Ambiguity
  • 2012-2012 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Decision Processes
  • 2011-2011 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Utility - Its measurement and meaning
  • 2010-2010 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Group Decisions
  • 2009-2009 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Uncertainty

    • Awards & honors

    • 2014 HEC Foundation - 2014 Research Award
    • 2013 Fellow of the Society for Advancement of Economic Theory
    • 2000 Fellow of the Econometric Society
    • 1992 Sidney J. Levy Teaching Award
    • 1992 Frederic E. Nemmers Distinguished Professor of Decision Sciences
    • 1992 Alfred P. Sloan Research Fellowship