Managerial Economics and Decision Sciences

Ehud Kalai
James J. O’Connor Distinguished Professor of Decision and Game Sciences Ehud Kalai (left) with Daniel Kahneman, the 2004 Nancy L. Schwartz Memorial Lecturer Photo © Nathan Mandell

The Managerial Economics and Decision Sciences Department (MEDS) is a combination of the Managerial Economics, Decision Sciences and Operations Management Programs.

The faculty of the Kellogg School's MEDS department are world-renowned for their teaching concentrates on probability, work in game theory, decision theory, statistics and microeconomics. more...

Kellogg Insight presents articles on Managerial Economics & Decision Sciences

The Biggest Regret of All
Life begets regrets, but one looms larger than the others
Based on the research of Mike Morrison And Neal J. Roese
Life begets regrets, but one looms larger than the others: Regret features heavily when people reflect on their lives, but there is one thing we regret more than anything else. In previous studies, education was at the top, but those only surveyed a limited sample of the population. Neal Roese asked a representative sample of Americans what they most regretted. Read on to find out what it is.

A Dieting Conundrum
Why dieters underestimate calorie counts of meals
Based on the research of Alexander Chernev
Why dieters underestimate calorie counts of meals: Why is it that people serious about dieting always seem to have difficulty losing weight? Research by Alexander Chernev suggests the answer may be in the way we estimate the calories of meals with healthful sides.

Be Good, Get Mad
Exerting self-control makes people more inclined to anger
Based on the research of David Gal And Wendy Liu
Exerting self-control makes people more inclined to anger: Self-control is typically considered a virtue, but the admirable trait may have a dark side, too. David Gal investigated people’s emotions after acts of self-restraint, and the results were vexing.

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Managerial Economics and Decision Sciences Department News

In memoriam: Professor Emeritus Morton I. Kamien, 1938-2011
A shaper of Kellogg’s influential MEDS Department, Kamien is recalled as ‘a great researcher, a great critic and a great teacher’
The Kellogg Debates
Students and faculty consider the question: ‘Did Wall Street’s boom cause Main Street’s stagnation?’
Leaders on and off the battlefield
U.S. Military veterans find ample support at the Kellogg School

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Managerial Economics and Decision Sciences

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