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American economist
Matthew Joel Rabin
(born December 27, 1963) is the Pershing Square Professor of
Behavioral Economics
in the Harvard Economics Department and
Harvard Business School
. Rabin's research focuses primarily on incorporating psychologically more realistic assumptions into empirically applicable formal economic theory. His topics of interest include errors in statistical reasoning and the evolution of beliefs, effects of choice context on exhibited preferences, reference-dependent preferences, and errors people make in inference in market and learning settings.
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Background
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Rabin was the Edward G. and Nancy S. Jordan Professor of Economics at the University of California, Berkeley Economics Department for 25 years before moving to Harvard.
[3]
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He received a
Bachelor of Arts
in
Economics
and
Mathematics
from
University of Wisconsin?Madison
in 1984 and
PhD
in
Economics
from
MIT
in 1989.
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Before entering MIT, he was a research student at the
London School of Economics
.
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He is a member of the Russell Sage Foundation Behavioral Economics Roundtable and co-organizer of the Russell Sage Summer Institute in Behavioral Economics.
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Rabin has also been a visiting professor at M.I.T., London School of Economics, Northwestern, Harvard, and Caltech, and a visiting scholar at the Center for Advanced Study in Behavioral Sciences at Stanford, and the Russell Sage Foundation.
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His research is directed, among other economic fields, towards
behavioral finance
and
behavioral economics
. Rabin works on the economics of individual self-control problems, reference-dependent preferences, fairness motives and mistakes in probabilistic reasoning. He developed
Rabin fairness
as a model to account for fairness in social preferences. In 2001 he was awarded the
John Bates Clark Medal
by the
American Economic Association
[7]
and also the
MacArthur "Genius" Fellowship
.
[6]
In 2006 he was awarded the
John von Neumann Award
by the
Rajk Laszlo College for Advanced Studies
.
[6]
References
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External links
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