Curriculum Vitae

Andrew Schotter

CONTACT INFORMATION

Office

New York University

Department of Economics

269 Mercer St. #317A.

New York, NY, USA

Tel (212) 998-8952

Fax (212) 995-3932

E-mail andrew.schotter@nyu.edu

PERSONAL INFORMATION

Date of Birth: June 6, 1947 Married -- 2 children

EDUCATION

B.S. Cornell University 1969 M.A. Economics, New York University 1971 Ph.D. Economics, New York University 1973

EXPERIENCE

Current Position

1. Professor of Economics, New York University.

2. Director, Center for Experimental Social Science (C.E.S.S.), New York University.

Previous Positions

1. Visiting Professor – University of Amsterdam 2000-2002

2. Chair, Department of Economics, New York University, 1988-1993, 1996- 1999.

3. Co-Director, C.V. Starr Center for Applied Economics, New York University, 1983-1988.

4. Visiting Scholar, Russell Sage Foundation, 1999-2000.

5. Visiting Professor, University of Venice, Spring 1993.

6. Visiting Scholar, University of Paris, January 1985.

7. Associate Professor, New York University, 1980-1987.

8. Visiting Scholar, University of Wisconsin, Summer 1979.

9. Visiting Scholar, Institute for Advanced Studies, Vienna, Summer 1978.

10. Assistant Professor, New York University, 1975-1979.

11. Assistant Professor, Syracuse University, 1974.

12. Visiting Assistant Professor, Cornell University, Fall 1974.

13. Associate Research Scientist, New York University, 1973-1974.

FIELDS OF INTEREST

Teaching Experimental Economics Economic Theory (Micro, Advanced and Intermediate) Game Theory

Research Applications of Game Theory to Economics Experimental Economics Micro-Economics Mathematical Theories of Economic and Social Institutions

PRIZES AND HONORS

1. Russell Sage Foundation Visiting Scholar, 1999-2000.

2. Kenan Enterprise Award: Presented by the William R. Kenan Jr. Charitable Trust, Chapel Hill, North Carolina, April 1993.

3. Listed Who's Who in America

4. Listed Who's Who in Economics

PROFESSIONAL ACTIVITIES:

1. Vice-President: Economic Science Association (2001-2003).

2. President, Economic Science Association, (Term 2000-2002).

3. President Elect, Economic Science Association, 1998-2000.

4. Member, Editorial Board: American Economic Review, 1995-2001.

5. Associate Editor, Games and Economic Behavior.

6. Editorial Board, Experimental Economics.

7. Research Associate, National Bureau of Economic Research, 1990-1992

Member American Economic Association Econometrics Society Economic Science Association Game Theory Society, Charter Member

General Editor Studies in Game Theory and Mathematical Economics, New York University Press

Referee of Articles and Books Econometrica, American Economic Review, Journal of Economic Theory, Review of Economic Studies, Quarterly Journal of Economics, Mathematical Reviews, Economic Inquiry, Review of Economics and Statistics, Southern Economics Journal, Journal of Political Economy, Journal of Macro Economics, University of Chicago Press, St. Martin's Press, New York University Press, Journal of Economic Organization and Behavior, Economic Journal, Cambridge University Press, Oxford University Press, Management Science, Economics and Philosophy, Cambridge University Press.

Coordinator

1. Economic Science Association International Meeting, June 2000, New York.

2. Conference on Applied Game Theory held at the Institute for Advanced Study in Vienna, Summer 1978 (with Gerhard Schwodiauer and Steven Brams).

3. International Scientific Program Committee: International Conference on Economics and Artificial Intelligence, Paris, July 1990 AFCET.

Consulting

1. Mathematica, Inc., Princeton, New Jersey, 1972. New York Stock Exchange, Stock Market Trading, 1974.

2. Arnold Azarow Esq., New York State Auto Inspection Fee Determination, 1982.

3. N.Y.U - Columbia - Fordham University Consortium, Pricing University Courses, 1982.

4. Gulf Western Corporation, Study on Executive Compensation, 1985.

5. American International Group, Study on the Cost of the Tort System, 1985.

6. Pegalis and Wachsman, Lawyers - Assessment of Economic Damages, 1988.

7. New York University NeuroScience Center --The Economic Benefits of NeuroScience Center 1987.

8. Monroe and Lehman, Lawyers - Valuation of asset value, 1989.

9. National Economic Research Associates (N.E.R.A.) - Experimental Study on Free-Agent System in Baseball, 1989.

10. United States Postal Service, Discrimination Case, 1990.

11. Cole, Corret and Abrutyn, Lawyers - Securities Case, 1991.

12. Kopff, Nardelli and Dopf, Lawyers - Economic Damages Case, 1991.

13. Heidell, Pittoni, Murphy and Bach, Lawyers - Economic Damages Case, 1992.

14. Gardner & Nolan, Lawyers - Economic Damages Case, 1992.

15. Wortman, Fumuso, Kelly, DeVerna and Snyder, 1994.

16. Mulholland, Minion and Roe - Economic Damage Cases 1993-1998.

17. Chadbourne and Parke - Economic Damage Case, 1995.

18. Port Authority of New York - Study of Price Preference Auctions, 1995.

19. Deegan and Deegan - Economic Damages Case- May 1998.

20. AT&T – December 2001.

Testimony

1. United States Congress, Joint Economic Committee, "Cost of the Tort System," July 29, 1986.

2. Conference of Insurance Legislators, Hershey Pennsylvania, "Tort Reform and Costs," August 2, 1986.

3. Pegalis and Wachsman, Lawyers - Testimony on Economic Damages, 1987-1988.

4. American Arbitration Association, Testimony for Monroe and Lehman, Lawyers, 1989.

5. Kopff, Nardelli & Dopf, Testimony on Economic Damages, 1989.

6. United States Attorney's Office, Eastern District of New York, Testimony on Discrimination Case 1990.

7. Cole, Corret and Abrutyn, Testimony on Damages in Securities Case, 1991.

8. Gardner & Nolan, Testimony on Damages, 1992.

GRANTS AND FELLOWSHIPS RECEIVED

1. 2007-2008 National Science Foundation - - “Advice Giving in Financial Markets” (with G. Frechette)

2. 2007-2008 National Science Foundation - - Conference on Foundations of Economic Methodology

3. 2005-2006 National Science Foundation Grant - - Graduate Student Dissertation Improvement grant given to Bei Zheng (under my supervision) for field work in China.

4. 2003-2006 National Science Foundation Grant (With Yaw Nyarko and Barry Sopher), "Decision Making with Naive Advice"

5. 2000-2001 National Science Foundation Grant (With Yaw Nyarko and Barry Sopher), “Advice and Beliefs in Economic Decision Making."

6. 1999-2001 National Science Foundation Grant (With Yaw Nyarko), “Belief Learning With Elcited Beliefs."

7. 1997-1999, National Science Foundation Grant (with B. Sopher), "The Evolution of Conventions of Behavior in Inter-Generational Games."

8. 1995-1996 William Davidson Foundation "Importing Western Style Incentive Programs into Eastern Europe."

9. 1991-1992 Technology Transfer Fund, New York University "Industrial Uses for Experimental Economics."

10. 1988-1990 National Science Foundation Grant (with Roy Radner), "Bargaining under Incomplete Information."

11. 1988-1989 National Science Foundation (with L. Kornhauser), "An Experimental Study of Bilateral Accidents."

12. 1987-1988 Industry/University Linkages Grant, N.Y.U. "Study on Corporate Identity." C.V. Starr Center for Applied Economics, New York University (with Roy Radner), "Transfer Pricing and Bargaining with Incomplete Information."

13. 1985-1986 C.V. Starr Center for Applied Economics, New York University "Tournaments and Piece Rates: An Experimental Study."

14. 1985-1986 Humanities and Social Science Council of Canada (with C. Pitchik), "Sequential Auctions with Budget Constraints."

15. 1984-1986 Office of Naval Research, Contract No. N00014-84-K-0450, "Studies in Applied Game Theory."

16. 1982-1983 Office of Naval Research, Contract No. N00014-78-C-0598, "Studies in Applied Game Theory." National Science Foundation (with B. Wasow and C. Pitchik).

17. 1982-1983 "Internal and External Regulation of Markets with Asymmetric Information."

18. 1981-1982 Office of Naval Research, Contract No. N00014-8C-0598, "Studies in Applied Game Theory."

19. 1981-1982 Netherlands Institute For Advanced Studies Fellowship 1980-1981 Office of Naval Research, Contract No. N00014-78-C-0598, "Studies in Applied Game Theory."

20. 1980-1981 Spencer Foundation Grant (with Roman Frydman), "Learning Market Process."

21. 1979-1980 Office of Naval Research, Contract No. N00014-78-C-0598 "Studies in Applied Game Theory."

22. 1978-1979 Office of Naval Research, Contract No. N00014-78-C-0598 "Studies in Applied Game Theory."

23. 1976-1977 National Science Foundation Institutional Grant -- Summer Research

24. 1972-1973 Dissertation Fellowship Resources for the Future, Inc.

25. 1973-1974 For Research on Dissertation: Three Essays on the Allocation of Goods by Bidding and Auctioning.

26. 1970-1971 University Fellowship -- New York University.

27. 1969-1970 Departmental Assistantship -- Department of Economics, New York University.

PUBLICATIONS

Books

Micro-Economics: A Modern Approach

1. Micro-Economics: A Modern Approach, New First Edition 2008, Southwest Publishers

2. Micro-Economics: A Modern Approach, HarperCollins Publishers, 1993.

3. Micro-Economics: A Modern Approach, Second Ed. Addison Weseley Publishers, 1996.

4. Micro-Economics: A Modern Approach, Third Ed. Addison Weseley Publishers, 1996.

5. Italian Translation, G Ciappichelli Editore srl, October 1995.

6. Spanish Translation, Compania EditorialContinental, S.A. de C.V., 1996.

7. Fench Tanslation, Librarie Vuibert, 1996.

Free Market Economics: A Critical Appraisal

1. Free Market Economics: A Critical Appraisal. 1st. Edition, St. Martin's Press, 1984.

2. Free Market Economics: A Critical Appraisal, Revised. 2nd Edition, Basil Blackwell, 1991.

3. Spanish Translation of Free Market Economics: A Critical Appraisal, Editorial Ariel, 1988.

4. Italian Translation of Free Market Economics: A Critical Appraisal, 2nd Edition, Editori Riuniti, Rome, (1991).

5. Romanian Translation, Editura Didactica Si Pedagogica, (1996)

6. Arabic translation, Modern Books, (1999)

The Economic Theory of Social Institutions

1. The Economic Theory of Social Institutions, Cambridge University Press, January 1981.

2. The Economic Theory of Social Institutions, Chinese Edition, 2003

Applied Game Theory, (ed. with Steven Brams and Gerhard Schwodiauer). Physica-Verlag, 1979.

The Selected Economic Writings of Oskar Morgenstern, New York University Press, 1977.

Foundation of Economic Methodology, with Andrew Caplin, eds., Oxford University Press, forthcoming 2008.

Published Papers:

1. “Understanding Overbidding: Using the Neural Circuitry of reward to Design Economic Auctions”, with Mauricio R. Delgado, Erkut Y. Ozbay and Elizabeth A. Phelps, forthcoming Science, 2008.

2. “On The Severity of Bank Runs”, (with Tanju Yorulmazer), forthcoming 2009 Journal of Financial Intermediation.

3. “Talking Ourselves to Efficiency: Coordination in Inter-Generational Minimum Effort Games with Private, Almost Common and Common knowledge of Advice”, with Ananish Chaudhuri and Barry Sopher, (forthcoming, Economic Journal, 2008)

4. “Imitation and Luck: An Experimental Study on Social Sampling” (with Theo Offerman), Games and Economic Behavior, 2008.

5. "Creating Competition Out of Thin Air: An Experimental Study of Right-to-Choose Auctions" (With Kfir Eliaz and Theo Offerman), Games and Economic Behavior, 2008.

6. “Experimental Testing of Intrinsic Preferences for Non-instrumental Information”, American Economic Review, May 2007 (with Kfir Eliaz) .

7. “What's So Informative About Choices”, in Andrew Caplin and Andrew Schotter eds, Foundations of Economic Methodology, Oxford University Press, forthcoming, 2008

8. “Learning Under Supervision: An Experimental Study”, with Rahghuram Iyengar,, Experimental Economics, 2007

9. “Strong and Wrong: The Use of Rational Choice Theory in Experimental Economics”, forthcoming, Journal of Theoretical Politics, 2007

10. “Advice and Behavior in Intergenerational Ultimatum Games: An Experimental Approach”, Games and Economic Behavior, 58, no. 2, pp. 365-394. (with Barry Sopher), February 2007

11. “Trust and Trustworthiness in Game: An Experimental Study of Intergenerational Advice”, Experimental Economics, vol. 9, no.2, June 2006.

12. “Decision Making With Naïve Advice” in Rapoport, Amnon and Rami Zwick (Eds.), Experimental Business Research, Vol. II: Economic and Managerial Perspectives , Springer Dordrecht, New York. 267 pp. (2005)

13. “Conventional Behavior”, in Social Psychology and Economics, David De Cramer, Marcel Zeelenberg and J. Keith Murnighan, eds. Lawrence Erlbaum Associates, London, 2006

14. "On the Informational Content of Advice: A Theoretical and Experimental", Study, (With Yaw Nyarko and Barry Sopher), Economic Theory, 2005

15. "Multi-person Tournaments: An Experimental Examination", with Keith Weigelt, Management Science, 2004.

16. “Social Learning and Convention Creation in Inter-Generational Games: An Experimental Study”, with Barry Sopher, Journal of Political Economy, June 2003.

17. "Decision Making in the Face of Naive Advice", American Economic Review, May 2003..

18. 'Learning By Not Doing: An Experimental Study", (With Antonio Merlo), Games and Economic Behavior , 2003.

19. “An Experimental Study of Belief Learning Using Elicited Beliefs”, (with Yaw Nyarko), Econometrica 2002.

20. "Bargaining Through Agents: An Experimental Study of Delegation and Commitment," (With B. Snyder and W. Zheng). Games and Economic Behavior, 30, 2000, pp. 248-292.

21. "A Surprise-Quiz View of Learning in Economic Experiments," (with A. Merlo), Games and Economic Behavior, 28, 1999, pp. 25-54.

22. "Can Affirmative Action be Cost Effective: An Experimental Examination of Price-Preference Auctions" (With Allan Corns), American Economic Review, Vol. 89, no. 1, 1999, pp. 291-305.

23. "Productivity Under Group Incentives: An Experimental Study," (with H. R. Nalbantian), American Economic Review, Vol. 87, No.3, pp. 314-340, June 1997.

24. "Fairness and Survival in Ultimatum Games," (With I. Zapater and A. Weiss), Journal of Economic Behavior and Organization, Forthcoming 1996.

25. "'You're Not Making Sense, You're Just Being Logical': Some Thoughts on Doing Economics," in Exploring the Foundations of Research in Economics, (Steven Medema and Warren Samuels eds.), Edward Elgar Publishers, Forthcoming, 1996.

26. "A Practical Person's Guide to Mechanism Selection: Some Lessons From Experimental Economics," in Organization With Incomplete Information, (M. Majumdar, ed.) Cambridge University Press, 1998.

27. "Matching and Efficiency in the Baseball Free-Agent System: An Experimental Examination," (with Haig Nalbantian), Journal of Labor Economics, vol. 13, no.1, January 1995, pp. 1-31.

28. "Norms and Competition in Markets with Asymmetric Information: An Experimental Study of the Development of Industry Ethics," (with Carolyn Pitchik), Metroeconomica, Vol. 2, 1994.

29. "Do People Treat Games Like Games? An Overview of Some Experimental Results," (with A. Merlo) Cuadernos Economicos, 1994.

30. "A Laboratory Investigation of Multi-Person Rationality and Presentation Effects," Game Theory and Economic Behavior, (with K. Weigelt and C. Wilson), vol. 6, 1994, pp. 445-468.

31. "Information Transmission in Regulated Markets," Canadian Journal of Economics, XXVI, No. 4, Nov. 1993, 815-829.

32. "Behavioral Consequences of Corporate Incentive and Long-Term Bonuses: An Experimental Study," Management Science, September, 1992.

33. "Theory and Misbehavior of First-Price Auctions: A Comment," American Economic Review, vol. 82, no.5, December 1992, pp. 1413-1425. (With A. Merlo).

34. "Asymmetric Tournaments, Equal Opportunity Laws and Affirmative Action: Some Experimental Results," (with K. Weigelt), Quarterly Journal of Economics, 1992.

35. "Oskar Morgenstern's Contribution to the Theory of Games," History of Political Economy, 1992, pp. 95-113.

36. "Beyond Optimizing, by Michael Slote, Review in Economics and Philosophy, (1991).

37. "A Game Theory Model of Dual Discrimination," Organizational Behavioral Human Decision Processes, June 1990.

38. "Bad News and Good News About the Sealed Bid Mechanism," American Economic Review, May 1990.

39. "An Experimental Study of Single Actor Accident," (with L. Kornhauser), Journal of Legal Studies, January 1990.

40. "The Sealed Bid Mechanism: An Experimental Study," (with Roy Radner) Journal of Economic Theory, Vol. 48, No. 1, June 1989, pp. 179-220.

41. "Perfect Equilibrium in Budget-Constrained Auctions: An Experimental Study," (with C. Pitchik), Rand Journal of Economics, Autumn, 1988.

42. "Equity vs. Efficiency: The Case Of Equal Opportunity and Affirmative Action," Business and Society Review, (with K. Weigelt), June 1988.

43. "Reactions to Discrimination in an Incentive Pay Compensation Schemes: A Game Theoretic Approach," (with K. Weigelt and J. Dukerich), Organizational Behavior and Human Decision Process, 1988.

44. "Comments on Markets and Institution," Institutions in a New Dynamic Society, Takashi Shiraishi (ed.), 1988.

45. "Honesty in a Model of Strategic Information Transmittal," American Economic Review, (with C. Pitchik), Vol. 77, No. 5, December 1987, pp. 1032-1036.

46. "Tournaments and Piece Rates: An Experimental Study," (with C. Bull and K. Weigelt) Journal of Political Economy, Vol. 95, No. 1, 1987, pp. 1-33.

47. "On the Economic Virtues of Dishonesty and Incompetence," Paradoxical Effects of Social Behavior, Andreas Diekmann and Peter Mitter, ed. Springer-Verlag 1986.

48. "A Game Theoretic Approach to Political Economy," by Martin Shubik, Review in Journal of Economic Literature, December 1985.

49. "Reason in Human Affairs," by Herbert Simon, review in Journal of Economic Behavior and Organization, 1985.

50. "The Evolution of Rules and the Welfare Economics of Social Institutions,"in Economics as a Process, (R. Langlois, ed.) Cambridge University Press, 1985.

51. "The Garbage Game, Inflation, and Incomes Policies," (with Clive Bull), Macro-Economic Conflict and Social Institutions, (S. Maital, I. Lipnowski, Editors) Ballinger Publishing Co., 1985, Chapter 4, pp. 121-140.

52. "An Essay on Oskar Morgenstern," in Contemporary Economists in Perspective, Warren Samuels ed., JAI Press 1984.

53. "Why Take a Game Theoretical Approach to Economics: Institutions, Economics and Game Theory," Economie Applique', 1984.

54. "Measurement in Social Choice," by Steinar Strom, review in Economic Journal, June 1983.

55. "Selfishness, Altruism and Rationality," by Howard Margolis, review in Journal of Economic Literature, June 1983.

56. "Rational Expectations and Government Policy: An Application of Newcomb's Problem," Southern Economic Journal, (with G. O'Driscoll and Roman Frydman), October, 1982.

57. "The Paradox of Redistribution: Some Theoretical and Empirical Results" in Power, Voting and Voting Power, (M. Holler ed.) Physica Verlag, Vienna, 1982.

58. "When is the Incentive Problem Real?" (with S. Berman) in Games Economic Dynamics and Time Series Analysis, (M. Deiotter, E. Furst and G. Schwodiauer, eds.) Physica Verlag, Vienna, 1982.

59. "Optimal Economic Search and Labor Market Policy," (with Yale Braunstein), Economic Inquiry, 1982.

60. "Economic Search: An Experimental Study" (with Yale raunstein), Economic

61. Inquiry, Vol. 19, No. 1, January 1981, pp. 1-25.

62. "The Political Sustainability of Ramsey Second Best Taxes," with J.A. Ordover, American Economic Review, Papers and Proceedings, May 1981.

63. "Economics and The Theory of Games: A Survey," (with Gerhard Schwodiauer), Journal of Economic Literature, Vol. 18, June 1980, pp. 479-527.

64. "Power Relationships in the International Monetary Fund: The Effects of Quota Changes," Review of Economics and Statistics, Vol. 62. No. 1, February 1980.

65. "General X-Efficiency Theory and Economic Development," by Harvey Leibenstein, review, Journal of Economic Literature, Vol. XXII, December 1979, pp. 1475-1476.

66. "Disadvantageous Syndicates in Public Goods Economies," American Economic Review, Vol. 69, No. 5, Dec. 1979.

67. "Voting Weights as Power Proxies: Some Theoretical and Empirical Results," Applied Game Theory in the Social Sciences, Physica-Verlag, 1979 (Brams, Schotter, Schwodiauer, eds.).

68. "The Effect of Precedent on Binding and Self Policing Arbitration," Journal of Conflict Resolution, Vol. 22, No. 4, December 1978, pp. 659-677.

69. "An Experimental Study of the Problem of 'Theory Absorption' in N-Person Bargaining Situations or Games," in Contributions to Experimental Economics, (H. Sauermann, ed.) 1978. (with Yale Braunstein), pp. 1-25.

70. "The Inevitability of the Paradox of Redistribution of Voting Weights," (with D. Fischer), Public Choice, Vol. 33, No. 2, 1978, pp. 49-67.

71. "On Merger Illusions and Externalities" (with J. A. Ordover), Eastern Economic Journal, 1977, pp. 19-21.

72. "On Urban Stability and the Core," Regional Science and Urban Economics, Vol. 7, 1977 pp. 321-337.

73. "Economically Efficient and Politically Sustainable Economic Contractions," in Mathematical Economics and Game Theory, Berlin, 1976, pp. 400-418.

74. "Auctions and Economic Theory," in Bidding and Auctioning for Procurement and Allocation,” Y. Amihud, Editor, New York University Press, 1976, pp. 3-13.

75. "Auctioning Bohm-Bawerk's Horses," International Journal of Game Theory, Vol. 3, No. 4, 1974, pp. 195-215.

76. "Core Allocations and Competitive Equilibrium--A Survey" Zeitschrift fur Nationalokonomie, Vol. 33, Dec., 1973, pp. 281-313.

Articles Under Consideration:

1. "On The Severity of Bank Runs: An Experimental Study", (With Tanju Yorulmazer, Revisions at Journal of Banking and Financial Intermediation.

2. “ Talking Ourselves to Efficiency: Coordination in Inter-Generational Minimum Games with Private, Almost Common and Common Knowledge of Advice'' (with Ananish Chaudhuri and Barry Sopher, (Second Revision at Economic Journal).

3. Imitation and Luck: An Experimental Study on Social Sampling (with Theo Offerman), under revision at Games and Economic Behavior.

4. “An Experimental Test of Advice and Social Learning”, with B. Celen and S. Kariv, American Economic Journal, Microeconomics.

5. "Workaholics and Dropouts in Organizations" , with Wieland Mueller, Under revision, Journal of the European Economic Association.

6. “Present-Bias, Quasi-Hyperbolic Discounting, and Fixed Costs”, with Jess Benhabib and Alberto Bisin, Submitted to Games and Economic Behavior.

7. “Continuous Time Search: An Experimental Study” with C. Flinn and M. Brown” Submitted to American Economic Review

8. Understanding Overbidding: Using Neural Circuitry to Design Economimc Auctions”, with Mauricio R. Delgado, , Erkut Ozbay, Elizabeth A. Phelps, Under revision, Science.