Willemien Kets
Willemien Kets

MANAGERIAL ECONOMICS & DECISION SCIENCES
Assistant Professor of Managerial Economics & Decision Sciences

Print Overview
Willemien Kets joined the MEDS department at the Kellogg School of Management in 2011. Prior to joining MEDS, she was an Omidyar postdoctoral fellow at the Santa Fe Institute. She received her PhD in economics from Tilburg University (Netherlands), and has worked as an economic policy analyst for the Dutch government prior to her PhD studies.

Her general research interests are in game theory and microeconomic theory, in particular the modeling of boundedly rational decision makers. She is also interested in the question how social structure affects economic outcomes.

Areas of Expertise
Behavioral Economics
Economic Theory
Economics of Uncertainty
Game Theory
Information Economics
Microeconomics
Print Vita
Education
Ph.D., 2008, Economics, Tilburg University
BSc and MSc, 1999, Chemistry, Nijmegen University, Highest honors

Academic Positions
Donald P. Jacobs Scholar/Assistant Professor, Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2011-present
Research Fellow, U.C. Irvine, 2010-2011
Omidyar Fellow, Santa Fe Institute, 2008-2010

Grants and Awards
Ray Reiter Best Paper Prize, Artificial Intelligence Journal, 2012, one year

 
Print Research
Research Interests
Economic theory, game theory, bounded rationality, networks

Articles
Kets, Willemien and Joseph Halpern. Forthcoming. A logic for reasoning about ambiguity. Artificial Intelligence.
Kets, Willemien and Joseph Halpern. Forthcoming. Ambiguous Language and Differences in Beliefs: Proceedings of the 13th International Conference on Principles of Knowledge Representation and Reasoning.
Kets, Willemien, Garud Iyengar, Rajiv Sethi and Sam Bowles. 2012. Inequality and network structure. Games and Economic Behavior. 73: 215-226.
Kets, Willemien. 2011. Robustness of equilibria in anonymous local games. Journal of Economic Theory.(146): 300-325.
Kets, Willemien. 2010. Learning with fixed rules: The minority game. Journal of Economic Surveys. 26: 763-970.
Deijfen, M. and Willemien Kets. 2009. Random intersection graphs with a tunable degree distribution and clustering. Probability in the Engineering and Informational Sciences. 23: 661-674.
Kets, Willemien and M. Voorneveld. 2008. Learning to be prepared. International Journal of Game Theory.(37): 333-352.
Voorneveld, M., Willemien Kets and H. Norde. 2005. An axiomatization of minimal curb sets. International Journal of Game Theory.(33): 479-490.
Kets, Willemien and P.J.G. Tang. 2004. Free trade and its enemies. De Economist.: 152-153, 427-437.
Kort, R. de, Willemien Kets and H. van Kempen. 2001. A low-temperature scanning tunneling microscopy study on the Sn- and Zn-doped InP(110) surfaces. Surface Science.(482): 495-500.
Kort, R. de, M. C. M. M. van der Wielen, A. J. A. van Roij, Willemien Kets and H. van Kempen. 2001. Zn- and Cd-induced features at the GaAs(110) and InP(110) surfaces studied by low-temperature scanning tunneling microscopy. Physical Review B. 63(125336)
Working Papers
Kets, Willemien and Rajiv Sethi. 2013. Excess Volatility and the Wisdom of Crowds.
Kets, Willemien and Aviad Heifetz. 2013. All Types Naive and Canny.
Kets, Willemien and Yossi Feinberg. 2013. Ranking Friends.
Kets, Willemien and Qingmin Liu. 2013. Finite-Order Rationalizability; Finite-Order Reasoning.
Kets, Willemien. 2013. Bounded Reasoning and Higher-Order Uncertainty.

 
Print Teaching
Teaching Interests
Microeconomic theory, decision theory, statistics
Full-Time / Part-Time MBA
Microeconomic Analysis (MECN-430-0)

This course counts toward the following majors: Managerial Economics.

Among the topics this core course addresses are economic analysis and optimal decisions, consumer choice and the demand for products, production functions and cost curves, market structures and strategic interactions, and pricing and non-price concepts. Cases and problems are used to understand economic tools and their potential for solving real-world problems.