Professor Peter Klibanoff

Department of Managerial Economics and Decision
Sciences (MEDS)

**Publications:**

__Research Articles__

__“Experiments
on compound risk in relation to simple risk and to ambiguity”__ (with Mohammed Abdellaoui
and Laetitia Placido), *Management Science*
61(6) (June 2015), pp. 1306-1322. http://dx.doi.org/10.1287/mnsc.2014.1953
Web
Appendix Data

__“Perceived
Ambiguity and Relevant Measures” __(with Sujoy Mukerji and Kyoungwon Seo), *Econometrica* 82(5) (September, 2014), pp.
1945-1978. Online
Supplement

__ “Polarization
and Ambiguity”
(with Sandeep Baliga and Eran Hanany),
American Economic Review, 103(7)
(December, 2013), pp. 3071-3083.__ Online
Appendix

__“Thoughts
on Policy Choice under Ambiguity”__, *Journal of Institutional and
Theoretical Economics*, 169 (2013), pp. 134-138, DOI
10.1628/093245613X660492.

“On
the Smooth Ambiguity Model: A Reply” (with Massimo Marinacci and Sujoy Mukerji), *Econometrica* 80(3) (May, 2012), pp. 1303-1321.

“Dynamically
Consistent Updating of Multiple Prior Beliefs - An Algorithmic Approach”
(with Eran Hanany and Erez Marom), *International
Journal of Approximate Reasoning*, Vol. 52, Iss. 8 (November 2011), pp. 1198-1214, http://dx.doi.org/10.1016/j.ijar.2011.06.010.
Additional files: Algorithms from this paper coded in *Mathematica*: .zip
archive containing* Mathematica*
notebook file; .html
listing of code

“Definitions
of Ambiguous Events and the Smooth Ambiguity Model” (with Massimo
Marinacci and Sujoy Mukerji), *Economic
Theory* Vol. 48, Iss. 2 (2011),
pp. 399-424, DOI 10.1007/s00199-011-0641-7. (Link here
to the pre-publication version which may differ slightly from the published
version.) *Special issue entitled
“Symposium on the 50th anniversary of the Ellsberg Paradox”*

“Monopoly
Pricing under a Medicaid-Style Most-Favored-Customer Clause and Its Welfare
Implication” (with Tapas Kundu), *The B.E. Journal of Economic Analysis
& Policy* Vol. 10, Iss. 1 (Contributions), Article 77 (2010).

“Updating
Ambiguity Averse Preferences” (with Eran Hanany), *The B.E. Journal of Theoretical Economics* Vol. 9, Iss. 1 (Advances), Article 37 (2009).

“Recursive
Smooth Ambiguity Preferences” (with Massimo Marinacci and Sujoy Mukerji),
*Journal of Economic Theory* 144
(2009), pp. 930-976.

“Updating
preferences with multiple priors” (with Eran Hanany), *Theoretical
Economics*, 2 (2007), pp. 261-298.

“Subjective
Recursive Expected Utility” (with Emre Ozdenoren), *Economic Theory*, 30 (2007) 1, pp. 49-87.

“A
smooth model of decision making under ambiguity” (with Massimo Marinacci and Sujoy Mukerji), *Econometrica* 73(6) (November, 2005) pp. 1849-1892.

"Stochastically independent randomization and uncertainty
aversion," *Economic Theory* 18 (2001)
3, pp. 605-620. (Reprinted in *Uncertainty
in Economic Theory: A collection of essays in honor of David Schmeidler’s 65 ^{th} birthday*, Gilboa,
I., Ed., Routledge, 2004)

"Characterizing
uncertainty aversion through preference for mixtures," *Social
Choice and Welfare. *18(2), April 2001, pp. 289-301.

"Maxmin expected utility over Savage acts with a set of
priors," (with Ramon Casadesus-Masanell and Emre Ozdenoren), *Journal
of Economic Theory* 92(1), May 2000, pp. 35-65.

"Maxmin expected utility through statewise
combinations," (with Ramon Casadesus-Masanell and Emre Ozdenoren), *Economics
Letters* 66(1), January 2000, pp. 49-54.

"Additivity
with multiple priors," (with Paolo Ghirardato and Massimo Marinacci), *Journal
of Mathematical Economics* 30(4), November 1998, pp. 405-420.

"Investor reaction to salient news in closed-end country
funds," (with Owen Lamont and Thierry A. Wizman), *The Journal of Finance* 53(2), April 1998,
pp. 673-699. (Reprinted in *Behavioral
Finance*, Shefrin, H. M., Ed., Edward Elgar
Publishing, 2001.)

"Decentralization,
Externalities, and Efficiency," (with Jonathan Morduch)
*The** Review of Economic Studies* 62 (April
1995): 223-247.

__Textbooks__

*Managerial
Statistics: A Case-Based Approach*
(with Alvaro Sandroni, Boaz Moselle and Brett Saraniti),
1^{st} edition. Thomson South-Western, 2006. http://www.cengage.com/search/productOverview.do?N=+16&Ntk=P_Isbn13&Ntt=9780324226454
[The publisher’s companion site also includes download links for: (1)
Kstat.xls updated for full compatibility with Microsoft Excel 2007; (2) A brief
errata list; and (3) teaching aids (for registered instructors)]

A fresh, relevant and MBA classroom-proven approach to managerial statistics
with a regression focus.

*Solutions to Review Exercises for A Theory of Incentives in Procurement and
Regulation by Jean-Jacques Laffont and Jean Tirole.* MIT Press, 1993.

**Areas of Interest:**

Decision theory, Externalities, Uncertainty,
Ambiguity, Game Theory, Behavioral Finance, Optimal regulation and
organizational structure.

**Current Projects:**

Selected
Working Papers