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Managerial Economics & Decision Sciences

Kellogg Managerial Economics & Decision Sciences Department

The faculty in the Managerial Economics & Decision Sciences Department (MEDS) include economists and political scientists who study, among other things, individual decision making under uncertainty, the performance of firms and markets, economic development, political institutions, and international relations.

The faculty is on the leading edge of fundamental research that has real-world impact around the globe. Topics include auctions, game theory, voting, information aggregation, and strategic behavior within and between organizations. This research is taught in economics and political science departments across the world and is in leading PhD textbooks.

Our MEDS faculty is world-renowned for research and teaching in microeconomics, game theory, political economy, decision theory, probability and statistics.

Faculty in the MEDS department have won numerous research awards and have been elected to memberships of prestigious societies such as the Econometric Society and the American Academy of Arts and Sciences. Multiple Nobel-prize winners conducted fundamental research here.  Additionally, the journal Games and Economic Behavior was founded in the MEDS department.

Nobel Legacy

Former Kellogg Professor Paul Milgrom’s Nobel Prize demonstrates a legacy of innovation in the MEDS department.
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Upcoming Events

October 27, 2021 | 03:30 PM
Kellogg Global Hub, 5101
October 28, 2021 | 12:15 PM
Kellogg Global Hub, 5101
November 04, 2021 | 12:15 PM
Kellogg Global Hub, 5101

Featured Faculty Members

Daniel Martin

Professor Martin studies how information is processed and disclosed.
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Edoardo Teso

Professor Teso works on issues related to campaign finance, public sector employment, and individual preferences.
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Erika Deserranno

Professor Deserranno's research interests lie at the intersection between development and personnel economics.
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Recent Research


A Theory of Strategic Uncertainty and Cultural Diversity
Willemien Kets, Alvaro Sandroni, Review of Economic Studies, 2021
If it is surely better, do it more? Implications for preferences under ambiguity
Peter Klibanoff, Soheil Ghili, Management Science, 2021
Influencing Waiting Lists
James Schummer, Journal of Economic Theory, 2021
Systemic Credit Freezes in Financial Lending Networks
Daron Acemoglu, Asuman Ozdaglar, James Siderius, Alireza Tahbaz-Salehi, Mathematics and Financial Economics, 2021
Divided We Stay Home: Social Distancing and Ethnic Diversity
Georgy Egorov, Ruben Enikolopov, Alexey Makarin, Maria Petrova, Journal of Public Economics, 2021
Comparison of Decisions under Unknown Experiments
Andrew S Caplin, Daniel Martin, Journal of Political Economy, 2021

Managerial Economic And Decision Sciences News

Trust Usually Helps Communities Thrive. During a Pandemic, Not So Much.
Georgy Egorov, Kellogg Insight, August 12, 2021
Good and Bad Olympic Nationalism
Nancy Qian, Project Syndicate, July 29, 2021
The Economic Fundamentals of Chinese Communism’s Successes and Failures
Nancy Qian, Project Syndicate, July 05, 2021
Do Diverse Hiring Committees Choose More Diverse Leaders?
Nicola Persico, Kellogg Insight, July 01, 2021
China’s Three-Child Policy Won’t Help
Nancy Qian, Project Syndicate, June 03, 2021

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