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

Subjective Distributions

Theory and Decision, 2004, vol. 56, pp 345-357, (in coll. with D. Schmeidler)

Utilitarian Aggregation of Beliefs and Tastes

Journal of Political Economy, 2004, vol. 112, pp 932-938, (in coll. with D. Samet, D. Schmeidler)

Majority Vote Following a debate

Social Choice and Welfare, August 2004, vol. 23, n° 1, pp 115-126, (in coll. with N. VIEILLE)

A derivation of expected utility maximization in the context of a game

Games and Economic Behavior, July 2003, vol. 44, n° 1, pp 172-182, (in coll. with D. Schmeidler)

Inductive Inference: An Axiomatic Approach

Econometrica, 2003, vol. 71, pp 1-26, (in coll. with D. Schmeidler)

Utility in Case-Based Decision Theory

Journal of Economic Theory, 2002, vol. 105, pp 483-502, (in coll. with D. Schmeidler, P. Wakker)

Bargaining Over an Uncertain Outcome: The Role of Beliefs

Decisions in Economics and Finance, 2002, vol. 25, pp 33-45, (in coll. with A. Billot, A. Chateauneuf, J. Tallon)

Sharing Beliefs and the Absence of Betting in the Choquet Expected Utility Model

Statistical Papers, 2002, vol. 43, pp 127-136, (in coll. with A. Billot, A. Chateauneuf, J. Tallon)

A Cognitive Foundation of Probability

Mathematics of Operations Research, 2002, vol. 27, pp 68-81, (in coll. with D. Schmeidler)

Reaction to Price Changes and Aspiration Level Adjustments

Review of Economic Design, 2001, vol. 6, pp 215-223, (in coll. with D. Schmeidler)

Books

Chapters in edited books

Proceedings

Working papers

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)

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,

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

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