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The garmine  (talk)  21:40, 19 December 2017 (UTC)

Draft:John H. Kagel From Wikipedia, the free encyclopedia John Kagel, Chaired Professor, The Ohio State University

John H. Kagel.jpg ...Content.[1] [2] [3] [4] [5]

Life and career Awards and prizes Publications Selected additional publications Web Links Life and career John H. Kagel (born August 1942 in New York City) is an American economist specializing in behavioral and experimental economics. He is currently serving as University Chaired Professor of Applied Economics and Director of the Economics Laboratory at the Ohio State University. Kagel is a pioneer in the field of experimental and behavioral economics, having done work on individual choices behavior, auctions, industrial organization theory, legislative bargaining, and comparisons of behavior between group and individuals as economic agents.

His early research involved investigations of economic behavior in token economies and on individual choices involving rats and pigeons as well. The latter led to a number of important publications in economics, psychology and biology journals in collaboration with Raymond Battalio, Robin Winkler, Howard Rachlin and Leonard Green. Much of this research is summarized and synthesized in Economic Choice Theory: An Experimental Analysis of Animal Behavior (Kagel, Battalion, and Green: Cambridge University Press, 1995). Among other things this research showed that basic principles of individual choice in developed in economics extend to animal behavior, and can be used to better understand psychological and biological models of choice.

After moving to the University of Houston in 1982 his research focused on auctions, in particular common value (aka mineral rights auctions), in collaboration with Dan Levin. This research demonstrated the robustness of the “winner’s curse” – winning the auction and losing money as a consequence (hence the curse of winning). The winner’s curse is not an equilibrium phenomena in that bidders eventually learn to adjust to the adverse selection effect present in these auctions, and start earning positive profits. These “winner curse” outcomes were reported in laboratory experiments using typical student subject populations, and for bidders with extensive field experience. Anomalous behavior in the lab resulting from the winner’s curse was shown to correspond to anomalous outcomes in field data, where the origins of these outcomes are much harder to identify. Much of this research is reported in Common Value Auctions and the Winner's Curse (Kagel and Levin, Princeton University Press, 2002).

In 1989 he became Professor of Economics and Director of the Economics laboratory at the University of Pittsburgh where, in collaboration with David Cooper, they developed a research program in industrial organization behavior and learning in complicated game theoretic settings, and starting to compare behavior of individual economic agents to where agents choices were determined by two or more players acting as a single agent. In collaborations with Alvin Roth, he co-edited The Handbook of Experimental Economics (Princeton University Press, 1995) which, in a number of ways, signaled the acceptance of experimental methods as part of mainstream economics. In 2016, they co-edited Handbook of Experimental Economics, vol 2 (Princeton University Press). He continues his work in behavioral and experimental economics at the Ohio State University where he moved to in 1999.

His research has been continuously funded by the National Science Foundation beginning in 1971.

Awards and prizes

Best 1973 Western Economic Journal Article Award "A Test of Consumer Demand Theory Using Observation of Individual Consumer Purchases," vol. 11(4), December 1973) with R.C. Battalio, et.al. Chancellor's Distinguished Research Award, University of Pittsburgh, 1997 Fellow of the Econometric Society, 2003 Distinguished Scholar Award, Ohio State University, 2008 Distinguished Chair in Economics, University of Siena (Fulbright Lecturer), 2002.

Publications

Mark Blaug, Howard R. Vane, Who's Who in Economics, Edward Elgar Publishing, 2003, ISBN 978-1-84064-992-5; P.434f. Andrej Slorencik and Harro Maas, The Making of Experimental Economics, Witness Seminar on the Emergence of a Field, Springer 2016. ISBN 978-3-319-20951-7 Tom Alexander, Economics According to the Rats Fortune magazine, December 1, 1980. Tuftonia, The Magazine of Tufts University, The winner's curse & other conundrums interview with Prof. Kagel, Summer 1998. With Raymond C. Battalio and Leonard Green: Economic Choice Theory: An Experimental Choice Theory: An Experimental Analysis of Animal Behavior, Cambridge University Press, Cambridge 1995. ISBN 978-0-521-45488-9 With Al Roth: The Handbook of Experimental Economics, Princeton University Press, Princeton, 1995. ISBN 978-0-691-05897-9 With Dan Levin: Common Value Auctions and the Winner's Curse, Princeton University Press, Princeton 2002. ISBN 978-1-4008-3013-8 With Alvin E. Roth: The Handbook of Experimental Economics, Volume 2, Princeton University Press, Princeton, 2016. ISBN 978-0-691-13999-9 Selected additional publications

Rachlin, Howard, Battalio, Raymond, Kagel, John and Green, Leonard, “"Maximization Theory in Behavioral Psychology," The Behavior and Brain Sciences, 4 (September, 1981) Fréchette, Guillaume, Kagel, John, Lehrer, Steven. “Bargaining in Legislatures: An Experimental Investigation of Open versus Closed Amendment Rules.” American Political Science Review, Vol 97, 2003.

Cooper, David and Kagel, John “Are Two Heads Better than One? Team versus Individual Play in Signaling Games,” American Economic Review, vol 95, 2005. Kagel, John “Laboratory Experiments: The Lab in Relationship to Field Experiments, Field Data, and Economic Theory” in Methods of Modern Experimental Economics, G Fréchette and A. Schotter (eds). Cambridge Un Press (2015). Cooper, David and Kagel, John “Other Regarding Preferences: A Survey” in The Handbook of Experimental Economics, vol 2, JH Kagel and AE Roth (eds) Princeton Un Press (2016).

Web Links Vita, John H. Kagel on ohio-state.edu, http://www.econ.ohio-state.edu/kagel/Kagel_VITA%2012_16%20(003).pdf Web presence, John H. Kagel on ohio-state.edu, http://www.econ.ohio-state.edu/kagel/

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