Richard T. Ely Lecture 2012-2013

Professor Matthew Rabin

University of California, Berkeley

Matthew Rabin is Edward G. and Nancy S. Jordan Professor of Economics at the University of California, Berkeley. He earned his BS in mathematics and in economics from the University of Wisconsin-Madison in 1984 and his PhD in economics from MIT in 1989. He has been employed by Berkeley since completing his PhD in 1989. He has been a visiting professor at MIT, LSE, Northwestern, Harvard, and Cal Tech.

His research includes abstract game-theoretic models of communication and some experimental work and recently neuroeconomic research, but he has primarily concentrated on developing portable and applicable formal models of psychological factors that had previously been neglected in theoretical and empirical economic research. This includes developing formal theoretical models of fairness, risk, and reference-dependent preferences, biases in predicting preferences, cognitive biases and inferential errors, and procrastination and other forms of self-control problems, as well as exploring ways to modernize welfare economics to more closely reflect an empirically based study of what economic institutions promote well-being.

He is a fellow of the Econometric Society and the American Academy of Arts and Sciences. He was awarded a MacArthur Foundation fellowship in 1999, and he was awarded the John Bates Clark Medal by the American Economic Association in 2001. His professional contributions have focused on promoting the integration psychological factors into rigorous mainstream economics. He was co-editor (with Colin Camerer and George Loewenstein) of the collection “Advances in Behavioral Economics.” He has been co-organizing the Russell Sage Summer Institute in Behavioral Economics since 1998 and more recently the National University of Singapore’s Asia Summer Institute in Behavioral Economics.

Lecture 1: Monday, March 11, 2013
Title: “Introduction to Psychology & Economics and to Limited Rationality”
Place: Mergenthaler 111
Time: 3:30-5 p.m.

Lecture 2: Wednesday, March 13, 2013
Title: “Biases in Statistical Reasoning”
Place: Remsen 1
Time: 3:30-5 p.m.

Lecture 3: Thursday, March 14, 2013
Title: “Errors in Social Inference”
Place: Mergenthaler 111
Time: 3:30-5 p.m.