Associate Professor of Accounting, Tippie College of Business, University of Iowa. BS, University of Minnesota, 1979; MB, University of Minnesota, 1985; Ph.D. in Accounting, University of Minnesota, 1988. Other Faculty Positions: Washington University in St. Louis; University of Chicago. Published in Blackwell's Encyclopedia of Financial Economics, Games and Economic Behavior, Journal of Economic Behavior and Organization, Judgment and Decision Making Research in Accounting and Auditing, Quarterly Journal of Economics.
Dr. Berman is the Chief of the Futures Team in the Office of Russian and European Analysis in the Directorate of Intelligence at the CIA. Bob's team introduced the issue market concept to his office in 1998. Bob has worked at the Agency for more than twenty years on Soviet and Russian military and political issues. He also has taught analytical tradecraft during the mid-1990's. Prior to working at CIA Bob worked at the Brookings Institution as a strategic forces analyst. Bob also has five Mid-Atlantic Formula Car Racing championships and holds the track record at the Watkins Glen racetrack.
Dr. Dahan is Assistant Professor of Marketing at the Anderson School of Business at UCLA. He previously taught at MIT Sloan, and was a principal investigator on the Virtual Customer project. Dr. Dahan completed his dissertation in Stanford Business School’s Operations, Information and Technology program. He was a Fellow of the Department of Energy Fellow and the American Association of Collegiate Schools of Business (AACSB), and won a Jaedicke Fellowship from Stanford. His research focuses on internet-based market research methods, securities trading of concepts, mass customization, models of new product prototyping, and the economics of cost reduction. Dahan received a Bachelor's degree in Civil Engineering from MIT and an MBA from the Harvard Business School, then worked as national product manager for W.R. Grace and NEC until 1984, when he founded a computer networking company in Maryland, serving as CEO until the firm was acquired in 1993.
Dr. Fine is a scientist in the Information Dynamics Lab at HP Labs in Palo Alto, California. Before joining HP, she was a graduate student in the Division of Humanities and Social Sciences at Caltech, where she received her Ph.D. working under Dr. John O. Ledyard. Her recent papers include, "Eliminating Public Knowledge Biases in Small Group Predictions," and "Forecasting Uncertain Events with Small Groups," both with Kay-Yut Chen and Bernardo Huberman, and "Inducing Liquidity in Thin Financial Markets through Combined-Value Trading Mechanisms," with Peter Bossaerts and John O. Ledyard. She serves on the board of The Alliance for Coffee Excellence as an auction advisor. Her areas of specialty are experimental economics and applied mechanism design.
Dr. Hanson is an assistant professor of economics at George Mason University. In 1998 Robin received his Ph.D. in social science from the California Institute of Technology, and was afterward a Robert Wood Johnson Foundation health policy scholar at the University of California at Berkeley. Earlier, in 1984, Robin received a masters in physics and a masters in the philosophy of science from the University of Chicago, and then spent nine years researching artificial intelligence, Bayesian statistics, and hypertext publishing at Lockheed, NASA, and independently. Robin has published in CATO Journal, Communications of the ACM, Economics Letters, Econometrica, Extropy, IEEE Intelligent Systems, Information Systems Frontiers, International Joint Conference on Artificial Intelligence, Journal of Evolution and Technology, Journal of Public Economics, Social Epistemology, Social Philosophy and Policy, and Theory and Decision. Robin has unusually diverse research interests, with papers on spatial product competition, health incentive contracts, group insurance, explaining product bans, evolutionary psychology of health care, bioethics, voter incentives to become informed, Bayesian statistics and classification, agreeing to disagree, self-deception in disagreement, information aggregation via speculative markets, governance based on such markets, probability elicitation, combinatorial information market makers, wiretaps, image reconstruction, the history of science prizes, reversible computation, the origin of life, very long term economic growth, growth given machine intelligence, and interstellar colonization.
Dr. Ledyard is Professor of Economics and Social Sciences and Chairman of the Division of the Humanities and Social Sciences at the California Institute of Technology. Prior to going to Caltech in 1985, he was the Sydney G. Harris Professor of Social Science at Northwestern University where he had been since 1970. He has also held positions at Carnegie-Mellon University and Wabash College.
He received his A.B. from Wabash College where he majored in Mathematics, and his Ph.D. from Purdue University in economics in 1968. He has been a Sherman Fairchild Distinguished Scholar at Caltech. A Fellow of the Econometric Society since 1977, he currently serves on the editorial boards of several economics journals and has been the President of the Public Choice Society. He received an honorary degree from Purdue University in 1993 for his work in public economics. In 1999 he was elected as a Fellow of the American Academy of Arts and Sciences. Professor Ledyard has been a major contributor to the development of the principles and applications of mechanism design, a new approach to the understanding of the roles of incentives and information in organizations. His more applied work has included the development of computer-assisted markets for trading pollution rights, managing resources for spacecraft and instrument design, acquiring logistics contracts, and trading portfolios of financial assets.
Peter received his Ph.D. in economics from Texas A&M University in 1987, after obtaining the bachelors degree in economics and mathematics at the University of Oregon. After 2 years on the faculty at Tulane University, in 1989 he became a staff economist at the U.S. Commodity Futures Trading Commission, which regulates futures exchanges in the United States. While at the CFTC, he became involved in several lines of research, focusing on the behavior of floor traders on the futures exchanges, as well as index arbitrage. His work has been published in the Review of Financial Studies, Journal of Business, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, and the Journal of Futures Markets, among others. Recently he has turned his attention to behavioral issues, and the risks and returns associated with speculative trading. Concurrent to his employment at the CFTC, he was an adjunct professor in the MBA program at the University of Maryland. He is currently an Associate Professor in Finance at the George Washington University.
Professor of Economics, Tippie College of Business, University of Iowa. BS Colorado State University, 1968; Ph.D. University of Rochester, 1975. Other Faculty Positions: California Institute of Technology, National Bureau of Economic Research, University of Aarhus. Published in: Econometrica, Journal of Econometrics, American Economic Review, International Economic Review, Review of Economics and Statistics.
Professor of Economics, Tippie College of Business, University of Iowa. BA LeMoyne College, 1968; Ph.D. Economics, Northwestern University, 1974. Previous positions: Pennsylvania State University and University of Chicago. Visiting positions: Northwestern University, Princeton University. Published in Handbook of Applied Economics, Journal of Business and Economic Statistics, American Economic Review.
Dr. Pennock is a Computer Research Scientist at the NEC Research Institute in Princeton, New Jersey, and an Adjunct Assistant Professor at Pennsylvania State University. He received a B.S. in Physics from Duke University (magna cum laude), an M.S. in Computer Science from Duke, and a Ph.D. in Computer Science from the University of Michigan. Prior to joining NEC, Dr. Pennock interned at Microsoft Research. He has numerous publications, invited talks, and patents relating to computational issues in electronic commerce, prediction markets, and the Web, including a finalist award for best student paper. His specific areas of interest include e-market analysis, auctions, Web analysis and modeling, recommender systems, data mining, and artificial intelligence. His research has received significant attention among e-market companies and in the media, including reports in Discover Magazine, New Scientist Magazine, the New York Times, and E!Online. Dr. Pennock is a member of ACM, IEEE, AAAI, INFORMS, and AAAS.
Associate Professor of Finance, Tippie College of Business, University of Iowa. BA in Economics, University of Northern Iowa, 1983; Ph.D. in Economics, University of Iowa, 1988. Other Faculty Positions: Northwestern University. Published in: The American Political Science Review, Blackwell's Encyclopedia of financial Economics, Cuardernos Economicos de ICE, the International Journal of Game Theory, The Journal of Economic Behavior and Organization, The Journal of Risk and Uncertainty, Performance Improvement Quarterly, The Review of Financial Studies.
Vernon L. Smith is Professor of Economics and Law at George Mason University, a research scholar in the Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center all in Arlington, VA. He received his bachelor's degree in Electrical Engineering from Cal Tech, and his Ph.D. in Economics from Harvard. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics. He serves or has served on the board of editors of the American Economic Review, The Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior, and the Journal of Economic Methodology. He is past president of the Public Choice Society, the Economic Science Association, the Western Economic Association and the Association for Private Enterprise Education. Previous faculty appointments include the University of Arizona, Purdue, Brown University and the University of Massachusetts. He has been a Ford Foundation Fellow, Fellow of the Center for Advanced Study in the Behavioral Sciences and a Sherman Fairchild Distinguished Scholar at the California Institute of Technology. The Cambridge University Press published his Papers in Experimental Economics in 1991, and they published a second collection of more recent papers, Bargaining and Market Behavior, in 2000. He received an honorary Doctor of Management degree from Purdue University, and is a Fellow of the Econometric Society, the American Association for the Advancement of Science, and the American Academy of Arts and Sciences. He is a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, the 1995 Adam Smith award recipient conferred by the Association for Private Enterprise Education. He was elected a member of the National Academy of Sciences in 1995, and received CalTech's distinguished alumni award in 1996. He has served as a consultant on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. In 1997 he served as a Blue Ribbon Panel Member, National Electric Reliability Council.