Thomas A. Rietz

 

 

 

 

Professor of Finance

Leonard A. Hadley Research Fellow

Henry B. Tippie College of Business

The University of Iowa

Iowa City, IA 52242

 

Office: S244 PBB

Phone: (319) 335-0856

Fax: (319) 335-3690

e-mail: Thomas-Rietz@uiowa.edu 

 

Classes

Education

Academic Experience

Google Scholar Page

Publications

Research

Teaching

Working Papers

College Profile

Narrative Vita

IEM

IEM YouTube Video

Finance Department

Tippie College of Business

 

·         6N:225 Managerial Finance (M.B.A.)

·         6F:114 Commercial Banking (Undergraduate)

 

Courses are accessed through ICON.

 

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Ph.D., Department of Economics, The University of Iowa, December 1988.

      B.A. with Highest Honors, Economics, The University of Northern Iowa, May 1983.

 

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Current positions

·         Professor of Finance, Henry B. Tippie College of Business, University of Iowa, August 2011 to Present.

·         Leonard A Hadley Research Fellow, August 2011 to Present.

·         Fellow, TIAA-CREF Institute, October 2007 to Present.

 

Prior Positions

·         Huneke Research Fellow, Henry B. Tippie College of Business, University of Iowa, August 2010 to August 2011.

·         Hershberger Faculty Research Fellow, Henry B. Tippie College of Business, University of Iowa, August 2002 to July 2010.

·         Robert L. Jensen Fellow of Finance, Henry B. Tippie College of Business, University of Iowa, August 2000 to July 2002

·         Associate Professor of Finance, Henry B. Tippie College of Business, University of Iowa, August 1996 to August 2010.

·         Visiting Assistant Professor of Finance, College of Business Administration, University of Iowa, August 1993 to August 1996.

·         Assistant Professor of Finance, J.L. Kellogg Graduate School of Management, Northwestern University, September 1988 to June 1994.

 

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·         Market Design, Manipulation and Accuracy in Political Prediction Markets:  Lessons from the Iowa Electronic Markets.” Accepted, PS: Political Science and Politics. (With Joyce Berg.)

·         Mining Causal Topics in Text Data: Iterative Topic Modeling with Time Series Feedback.” Forthcoming, Proceedings of the 22nd ACM International Conference on Information and Knowledge Management (CIKM 2013).  (With Hyun Duk Kim, Malu Castellanos, Meichun Hsu, ChengXiang Zhai and Daniel Diermeier.)

·         Transparency, Efficiency and the Distribution of Economic Welfare in Pass-Through Investment Trust Games."  Journal of Economic Behavior and Organization, 94: 257-267, October 2013.  Winner of the “Best Paper by a Young Researcher Award,” Experimental Economics, Accounting and Society: A Conference in Memory of John Dickhaut, Chapman University, January, 2012.  (With Roman Sheremeta, Timothy Shields and Vernon Smith.)

·         The "Play-Out" Effect and Preference Reversals: Evidence for Noisy Maximization.” Journal of Economic Behavior and Organization, 94: 160-171, October 2013. Winner of the “Best Paper Award,” Experimental Economics, Accounting and Society: A Conference in Memory of John Dickhaut, Chapman University, January, 2012. (With Joyce Berg and John Dickhaut.)

·         Experimental Economics, Accounting and Society: In Memory of John Dickhaut,” Journal of Economic Behavior and Organization, 94: 125-129, October 2013. (With Kevin McCabe and Gregory Waymire.)

·         Product Market Efficiency:  The Bright Side of Myopic, Uniformed and Passive External Finance.” Management Science, 58(11): 2019–2036, 2012.  (With Thomas Noe and Michael Rebello.)

·         InCaToMi: Integrative Causal Topic Miner Between Textual and Non-textual Time Series Data.”  The Proceedings of the 21st ACM International Conference on Information and Knowledge Management, ISBN: 978-1-4503-1156-4, ACM: New York, NY, USA, 2012, pp. 2689-2691. (With Hyun Duk Kim, ChengXiang Zhai, Daniel Diermeier, Meichun Hsu, Malu Castellanos and Carlos Ceja.)   

·         Memoirs of an Indifferent Trader: Estimating Forecast Distributions from Prediction Markets." Quantitative Economics, 1(1): 163-186, 2010.  (With Joyce Berg and John Geweke.)  Links to appendix and animations.

·         Can Portfolio Selection be Improved in Practice? Observations from Experimental Behavioral Finance.”  TIAA-CREF Trends and Issues, December 2010.  (With Robert McDonald.)

·         Preference Reversals:  The Impact of Truth-Revealing Incentives.”  Games and Economic Behavior, 68(2): 443-468, 2010.  (With Joyce Berg and John Dickhaut.)

·         Searching for Google’s Value: Using Prediction Markets to Forecast Market Capitalization Prior to an Initial Public Offering.”  Management Science, 55(3), 348–361, 2009.  (With Joyce Berg and George Neumann.)

·         "Price Dynamics in Political Prediction Markets."  The Proceedings of the National Academy of Science, 106(3), 679-684, January 20, 2009.  (With Saikat Ray Majumder, Daniel Diermeier and Luis A. Nunes Amaral.)

·         "Majority Requirements and Minority Representation."  New York University Annual Survey of American Law, 63(4): 691-726, 2008.  (With Rebecca Morton.) 

·         "On the Performance of the Lottery Procedure for Controlling Risk Preferences." The Handbook of Experimental Economics Results, CR Plott and VL Smith, editors, Elsevier Science, Amsterdam, pp. 1087-1097, 2008.  (With John Dickhaut and Joyce Berg.)

·         "Results from a Dozen Years of Election Futures Markets Research." The Handbook of Experimental Economics Results, CR Plott and VL Smith, editors, Elsevier Science, Amsterdam, pp. 742-751, 2008.   (With Joyce Berg, Forrest Nelson and Robert Forsythe.)

·         "Three-way Experimental Election Results: Strategic Voting, Coordinated Outcomes and Duverger's Law." The Handbook of Experimental Economics Results, CR Plott and VL Smith, editors, Elsevier Science, Amsterdam, pp. 889-897, 2008.

·         Prediction Market Accuracy in the Long Run.” International Journal of Forecasting, 24, 283-298, April-June 2008.  (With Forrest Nelson and Joyce Berg.)

·         The Iowa Electronic Market: Stylized Facts and Open Issues.”  In Information Markets: A New Way of Making Decisions in the Public and Private Sectors.  Robert W. Hahn and Paul C. Tetlock (eds.). AEI-Brookings Joint Center, Washington, D.C., 2006.  (With Joyce Berg.)

·         "The Effects of Videoconferencing, Class Size, and Learner Characteristics on Training Outcomes." Performance Improvement Quarterly, 18, 59-82, 2005. (With Ken Brown and Brenda Sugrue.)

·         "Suckers are Born, but Markets are Made: Individual Rationality, Arbitrage and Market Efficiency on an Electronic Futures Market." Management Science, 50:3, 336-351, March 2004. (With Kenneth Oliven.)

·         Preference Reversals and Induced Risk Preferences: Evidence for Noisy Maximization.”  Journal of Risk and Uncertainty, 27:2, 139-170, 2003.  (With Joyce Berg and John Dickhaut.)

·         "Prediction Markets As Decision Support Systems."  Information Systems Frontiers, 5:1, 79-93, 2003.  (With Joyce Berg.)

·         "Cheap Talk, Fraud and Adverse Selection in Financial Markets: Some Experimental Evidence." Review of Financial Studies, 12, 3, 481-518, Fall 1999. (With Robert Forsythe and Russell Lundholm.)

·         "Distance Learning: Relationships Among Class Size, Instructor Location, Student Perceptions, and Performance." Performance Improvement Quarterly, 12, 3, 43-56. (With Brenda Sugrue and Sarah Hansen.)

·         "Wishes, Expectations and Actions: A Survey on Price Formation in Election Stock Markets." Journal of Economic Behavior and Organization, 39, 83-110, May 1999. (With Robert Forsythe and Thomas W. Ross.)

·         "Campaign Finance Levels as Coordinating Signals in Three-Way, Experimental Elections." Economics and Politics, 10, 3, 185-217, November 1998. (With Roger Myerson and Robert Weber.)

·         "Minority Representation in Multi-Member Districts." The American Political Science Review, 92, 1, 127-144, March 1998. (With Rebecca Morton and Elisabeth Gerber.)

·         "The Iowa Electronic Market." Blackwell Encyclopedic Dictionary of Finance, Dean Paxson and Douglas Wood, Eds., Blackwell, Oxford UK, 1997. (With Joyce Berg and Robert Forsythe.)

·         "What Makes Markets Predict Well? Evidence from the Iowa Electronic Markets." Essays in Honor of Reinhard Selten. Wulf Albert, Werner Güth, Peter Hammerstein, Benny Moldovanu and Eric Van Damme Eds. Springer Verlag. 1996. (With Joyce Berg and Robert Forsythe.)

·         "An Experimental Study of Voting Rules and Polls in Three-Candidate Elections." The International Journal of Game Theory, 25, 355-383, 1996. (With Robert Forsythe, Roger Myerson, and Robert Weber.)

·         "Implementing and Testing Risk Preference Induction Mechanisms in Experimental Sealed Bid Auctions." Journal of Risk and Uncertainty, 7, 2, October 1993.

·         "An Experiment on Coordination in Multi-Candidate Elections: The Importance of Polls and Election Histories." Social Choice and Welfare, 10:223-247, 1993. (With Robert Forsythe, Roger Myerson, and Robert Weber.)

·         "Comportamiento Estratégico en Elecciones con Múltiples Alternativas: Una Revisión de Alguna Evidencia Experimental." Cuardernos Economicos de ICE 54, 2, 129-170.

·         "The Equity Risk Premium: A Solution." Journal of Monetary Economics, July 1988.

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·         "Behavioral Mis-pricing and Arbitrage in Experimental Asset Markets." Working Paper, June 2005.

·         "Do Unto Others: A Theory and Experimental Test of Interpersonal Factors in Decision Making Under Uncertainty." Working Paper, July 1997. (With Joyce Berg.)

·         "Longshots, Overconfidence and Efficiency on the Iowa Electronic Market." Working Paper, August 2012.  (With Joyce Berg.) 

·         Ratings and Asset Allocation: An Experimental Analysis.”  Working Paper, August 2012.  (With Robert L. McDonald).

·         Ownership Structure, Organizational Reform and Corporate Reputations.”  Working Paper, November 2013.  (With Thomas Noe and Michael Rebello).

·         Trust, Reciprocity and Rules." Working Paper, October 2013.  (With Eric Schniter, Roman Sheremeta, Timothy Shields.)

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·         Iowa Electronic Markets Questions for Z. Bodie, A. Kane and A.J. Marcus, Essentials of Investments, Third Edition, Burr Ridge, IL: Irwin/McGraw-Hill, 1998.

·         Iowa Electronic Markets: Instructor's Manual, Burr Ridge, IL: Irwin/McGraw-Hill, 1998.

·         Iowa Electronic Markets Instructional Tutorials Webpages and CD-ROM for the Fund for the Improvement of Post Secondary Education Grant, "Voter Turnout and Economic Literacy through the Iowa Electronic Market," 1997-2000.

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