In Honor of Matthew Rabin: Winner of the John Bates Clark Medal

Colin Camerer and Richard H. Thaler

Journal of Economic Perspectives, 2003, vol. 17, issue 3, pages 159-176

Abstract: Matthew Rabin's Clark medal honors his abilities to digest huge amounts of nuanced psychology, create simple models capturing that psychology, and do behavioral economics with those models. After warming up by solving hard problems in modeling pre-game communication, his behavioral career began with a seminal paper on reciprocity. He also created models of "present-bias" in time discounting, and derived some surprises from them, and implications (e.g., deadline-setting and sin taxes). Matthew has also studied quasi-Bayesian models of judgment biases (confirmation and overgeneralization from small samples), overprojection of current feelings into the future, and how moral rules differ from moral tastes.

Date: 2003

Downloads: (external link)
http://www.e-jep.org/archive/1703/17030159.pdf (application/pdf)
Access to full text is restricted to AEA members.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:aea:jecper:v:17:y:2003:i:3:p:159-176

Ordering information: This journal article can be ordered from
http://www.aeaweb.org/subscribe.html

Access Statistics for this article

Journal of Economic Perspectives is edited by David Autor

More articles in Journal of Economic Perspectives from American Economic Association
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().