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

Questions in Decision Theory

Annual Reviews in Economics, September 2010, vol. 2, pp 1-19,

Objective and Subjective Rationality in a Multiple Prior Model

Econometrica, July 2010, vol. 78, n° 2, pp 755-770, (in coll. with F. Maccheroni, M. Marinacci, D. Schmeidler)

Simplicity and Likelihood: An axiomatic approach

Journal of Economic Theory, September 2010, vol. 145, n° 5, pp 1757-1775, (in coll. with D. Schmeidler)

Is It Always Rational to Satisfy Savage's Axioms?

Economics and Philosophy, November 2009, vol. 25, n° 3, pp 285-297, (in coll. with D. Schmeidler, A. Postlewaite)

Probability and uncertainty in economic modeling

Journal of Economic Perspectives, Summer 2008, vol. 22, n° 3, pp 173-188, (in coll. with A. Postlewaite, D. Schmeidler)

Axiomatization of an exponential similarity function

Mathematical Social Sciences, July 2008, vol. 55, n° 2, pp 107-115, (in coll. with A. Billot, D. Schmeidler)

Rule-Based and Case-Based Reasoning in Housing Prices

The B.E. Journal of Theoretical Economics (Research, anciennement Frontiers et Advances), 2007, vol. 7, n° 1 (Advance, pp 1-37, (in coll. with G. Gayer, O. Lieberman)

Empirical Similarity

Review of Economics and Statistics, 2006, vol. 88, pp 433-444, (in coll. with D. Schmeidler, O. Lieberman)

Fact-Free Learning

American Economic Review, December 2005, vol. 95, n° 5, pp 1355-1368, (in coll. with D. Schmeidler, E. Aragones, A. Postlewaite)

Probabilities as Similarity-Weighted Frequencies

Econometrica, 2005, vol. 73, pp 1125-1136, (in coll. with A. Billot, D. Samet, D. Schmeidler)

Books

Chapters in edited books

Proceedings

Working papers

Scientific articles

Perception‐Theoretic Foundations of Weighted Utilitarianism

Economic Journal, 2 December 2019, vol. 129, n° 620, pp 1511-1528, (in coll. with R. ARGENZIANO)

Rational status quo

Journal of Economic Theory, 2 December 2019, vol. 181, pp 289-308,

What are axiomatizations good for?

Theory and Decision, 2 December 2019, vol. 86, n° 3-4, pp 339–359, (in coll. with A. POSTLEWAITE, L. SAMUELSON, D. SCHMEIDLER)

Decision Theory Made Relevant: Between the Software and the Shrink

Research in Economics, June 2018, vol. 72, n° 2, pp 240-250, (in coll. with M. ROUZIOU, O. SIBONY)

Books

Chapters in edited books

Proceedings

Working papers

Economics: Between Prediction and Criticism

Cahier de Recherche du Groupe HEC , 2016

Memory Utility

PIER (Penn Institute for Economic Research) Working Paper , 2015

A Model of Modeling

PIER (Penn Institute for Economic Research) Working Paper , 2014

Dynamics of Inductive Inference in a Unified Model

Mimeo , 2009

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