|
EDUCATION
Ph.D., Department of Economics, The University of Iowa, December 1988.
B.A. with Highest Honors, Economics,
The University
of Northern Iowa, May
1983.
ACADEMIC EXPERIENCE
Hershberger Faculty Research Fellow, Henry B. Tippie College
of Business, University
of Iowa, August 2002 to
Present
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
Present.
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.
RESEARCH PUBLICATIONS
"Majority
Requirements and Voter Coordination." Forthcoming, NYU Annual
Survey of American Law. (With
Rebecca Morton.)
“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.)
"On the Performance of the Lottery Procedure for
Controlling Risk Preferences."
(With John Dickhaut and Joyce Berg.) Forthcoming in "The Handbook of
Experimental Economics Results," CR Plott and VL Smith, editors,
Elsevier Science, Amsterdam,
2003.
"Results from a Dozen Years of Election Futures
Markets Research." (With Joyce Berg, Forrest Nelson and Robert Forsythe.)
Forthcoming in "The Handbook of Experimental Economics Results," CR
Plott and VL Smith, editors, Elsevier Science, Amsterdam, 2003.
"Three-way Experimental Election Results: Strategic
Voting, Coordinated Outcomes and Duverger's Law." Forthcoming in "The Handbook of
Experimental Economics Results," CR Plott and VL Smith, editors,
Elsevier Science, Amsterdam,
2003.
"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 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-Way
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.
WORKING PAPERS
"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, January 2002. (With Joyce
Berg.)
“Preference
Reversals: The Impact of Truth-Revealing Incentives.” Working
Paper, July 2007. (With Joyce
Berg and John Dickhaut.)
“Product
Market Efficiency: The Bright Side of
Myopic, Uniformed and Passive External Finance.” Working Paper,
December 2007. (With Thomas Noe and Michael Rebello.)
“Searching
for Google’s Value: Using Prediction Markets to Forecast Market
Capitalization Prior to an Initial Public Offering.” Working Paper,
January, 2008. (With Joyce
Berg and George Neumann.)
TEACHING PUBLICATIONS
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.
|
