Ph.D. Northwestern University, 1979, Henry Scarborough Professor of Social Sciences, Associate Editor, Journal of Economic Theory
Economic theory, finance.
"Optimality and Natural Selection in Markets" (with L. Blume), Journal of Economic Theory, forthcoming; "Is Information Risk a Determinant of Asset Returns?" (with S. Hvidkjaer and M. O'Hara), Journal of Finance, forthcoming; "Choice Without Beliefs;" (with A. Rustichini), Econometrica, 1999; "Option Volume and Stock Prices: Evidence on Where Informed Traders Trade;" (with M. O'Hara and P.S. Srinivas), Journal of Finance, 1998; "One Day in the Life of a Common Stock;" (with Nick Kiefer and M. O'Hara), Review of Financial Studies, 1997; "Cream Skimming or Profit Sharing? The Curious Role of Purchased Order Flow;" (with N. Kiefer and M. O'Hara), Journal of Finance, 1996; "Liquidity, Information, and Infrequently Traded Stocks;" (With N. Kiefer, M. O'Hara, and J. Paperman), Journal of Finance, 1996; Market Statistics and Technical Analysis: The Role of Volume;" (with L. Blume and M. O'Hara), Journal of Finance, 1994; "Evolution and Market Behavior;" (with L. Blume), Journal of Economic Theory, 1992; "Controlling a Stochastic Process with Unknown Parameters;" (with N. Kiefer), Econometrica, 1988; "Price, Trade Size and Information in Securities Markets," (with M. O'Hara), Journal of Financial Economics, 1987; "Rational Expectations Equilibrium: An Alternative Approach;" (with L. Blume), Journal of Economic Theory, 1984; "Learning to be Rational;" (with L. Blume), Journal of Economic Theory, 1982.
Economics of information; learning from endogenous data; market microstructure; evolution in games and markets.