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DRAŽEN PRELEC Digital
Equipment Corporation LFM Professor of
Management Science Personal page: http://sloancf.mit.edu/vpf/detail- |
Education: A.B. in Applied Mathematics at Harvard College; Ph.D. in Experimental Psychology at Harvard University.
Research interests: Decision making: rules, policies, principles, self-control, self-inference; Expert judgment: design of group scoring rules for training experts and eliciting their judgments; Time preference; Mental accounting; Savings and debt attitudes; Credit cards; Addictive overconsumption; Risk: probability weighing, psychophysics of small probabilities.
Present positions: Team, the MIT Virtual Customer Initiative (http://mitsloan.mit.edu/vc/t-main.php) ● Digital Marketing Strategy Group, the MIT Center for Digital Business (http://digital.mit.edu/research/Marketing.html)
Awards and acknowledgments: Leon Levy Member of the Institute for Advanced Study at Princeton (http://mitsloan.mit.edu/faculty/f-honors.php) ● Fellow, John Simon Guggenheim Memorial Foundation, 2005 (http://mitsloan.mit.edu/newsroom/2005-prelec.php) ● Fellow, Center for Advanced Study in the Behavioral Sciences, Stanford, 1997-1998 ● Junior Fellow, Harvard Society of Fellows, 1982-1985.
Web resources on Professor Prelec: Prelec's CV at IDEI (http://www.idei.fr/doc/conf/psy/cv/prelec.pdf) ● Prelec discusses new research on neuroeconomics and purchasing decisions at Canada AM, 2007 ( http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20070105/shopping_science_070105/20070105?hub=SciTech) ● New York Academy of Sciences, Special Symposim 2005 (http://www.nyas.org/ebriefreps/main.asp?intSubsectionID=3760) ● Lecture: Emerging perspectives in decision making (with G. Huber, J. Lynch, T. Ho), AMA Doctoral Consortium, 2003 (slides: http://www.csom.umn.edu/Assets/11952.pdf) ● MIT OpenCourseWare, 2002: Listening to the customer ( http://ocw.mit.edu/OcwWeb/Sloan-School-of-Management/15-821Listening-to-the-CustomerFall2002/CourseHome/index.htm); Strategic marketing measurement ( http://ocw.mit.edu/OcwWeb/Sloan-School-of-Management/15-822Strategic-Marketing-MeasurementFall2002/CourseHome/index.htm) ● Prelec discusses consumer confidence at Pbs Online Newshour, 2001 ( http://www.pbs.org/newshour/bb/economy/jan-june01/confidence_4-30.html) ● Spectrum MIT, 1999, The psychology of spending (http://web.mit.edu/giving/spectrum/winter99/spending.html)
SOME PUBLICATIONS AVAILABLE ON WEB
(2005) Camerer, C., Loewenstein, G., and Prelec, D., Neuroeconomics: How neuroscience can inform economics. Journal of Economic Literature, 43, 5-60 (http://www.hss.caltech.edu/~camerer/JELfinal.pdf)
(2004) Prelec, D., A Bayesian truth serum for subjective data. Science, 306, 462-466 ( http://cipd.mit.edu/documents/publication_files/prelec2004science.pdf)
(2003) Prelec, D. and Bodner, R., Self-signaling and self-control. In: Time and Decision, G. Loewenstein, D. Read, and R.F. Baumeister (eds.) Russell Sage Press, New York ( http://www.vwl.uni-muenchen.de/ls_schmidt/summerinstitute/LectureMaterial/PrelecBodner.pdf)
(1984) Prelec, D., The assumptions underlying the generalized matching law. Journal of the Experimental Analysis of Behavior, 41, 101-107 ( http://www.pubmedcentral.nih.gov/picrender.fcgi?artid=1347959&blobtype=pdf)
Working papers and drafts:
(2006) Prelec, D. and Weaver, R.G, Truthful answers are surprisingly common: Experimental tests of the Bayesian truth serum ( http://nash.princeton.edu/seminars/BEHAVIORALECO/BEHAVIORAL%20ECO/BE%20Spring%202005-06/PrelecWeaver.pdf)
(2005) Ariely, D., Loewenstein, G., and Prelec, D., Tom Sawyer and the construction of value. Working paper 05-10, Federal Reserve bank of Boston (http://www.bos.frb.org/economic/wp/wp2005/wp0510.pdf)
(----) Ariely, D., Loewenstein, G., and Prelec, D., Coherent arbitrariness: Stable demand curves without stable preferences (http://cepr.org/meets/wkcn/3/3509/papers/Ariely.pdf)
(----) Camerer, C.F., Loewenstein, G., Prelec, D., Neuroeconomics: Why economics needs brains (http://www.hss.caltech.edu/~camerer/scanjecon11final.doc)
(----) Amir, O., Ariely, D.,Cooke, A., Dunning, D., Epley, N., Gneezy, U., Koszegi, B., Lichtenstein, D., Mazar, N., Mullainathan, S., Prelec, D., Shafir, E., Silva, J., Psychology, behavioral economics, and public policy ( http://rady.ucsd.edu/faculty/directory/amir/docs/behavioral-economics.pdf)
Updated: January 22, 2007