Itzhak GILBOA

Professor

Economics and Decision Sciences

gilboa@hec.fr http://itzhakgilboa.weebly.com/
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Biography

Itzhak Gilboa studied Mathematics and Computer Science (BSc, 1982) and Economics (BA, 1982, MA, 1984, Ph.D., 1987) at Tel Aviv University, with the graduate studies under the supervision of David Schmeidler.

He works in decision theory and other fields in economic theory such as game theory and social choice. His main research areas are decision under uncertainty, focusing on the definition of probability, notions of rationality, non-Bayesian decision models, and related issues.

He has been teaching a variety of courses on microeconomics, decision theory, game theory, psychology and economics, and related fields, at the undergraduate, graduate, and MBA levels.

He is the author of severel books such as Analogies and Theories: Formal Models of Reasoning, Oxford University Press, 2015 ; Theory of Decision under Uncertainty, Cambridge University Press, 2009 ; Rational Choice, MIT Press, 2010 and  Making Better Decisions, Wiley-Blackwell, 2010.

His recent research papers are published in prestigious scientific journals such as American Economic Review, Games and Economic Behavior, Annual Reviews in Economics, BE Journals in Theoretical Economics, Econometrica, Economics and Philosophy, Journal of Economic Theory, Journal of Economic Perspectives, Mathematical Social Sciences, Review of Economics and Statistics, The Journal of Econometrics.

Itzhak Gilboa is also the holder of the AXA Chair in Decision Sciences

 

Scientific articles

Consumption of Values

Management Science, Mars 2025, vol. 71, n° 3, pp 2623-2634, (in coll. with S. MINARDI, F. WANG)

Bureaucracy in quest of feasibility

Journal of Mathematical Economics, October 2024, vol. 114, n° 103047, (in coll. with H. Crès, N. VIEILLE)

Economic theories and their Dueling interpretations

Journal of Economic Methodology, 2024, vol. 31, n° 4, Economi, pp 189-208, (in coll. with A. Postlewaite, L. Samuelson, D. Schmeidler)

Authors' reply to comments

Journal of Economic Methodology, 2024, vol. 31, n° 4, Economi, pp 302-305, (in coll. with A. Postlewaite, L. Samuelson)

Schumpeter Lecture 2023: Rationality and Zero Risk

Journal of the European Economic Association, February 2024, vol. 22, n° 1, pp 1-33, (in coll. with S. MINARDI, F. WANG)

Similarity Nash Equilibria in Statistical Games

American Economic Journal: Microeconomics, August 2023, vol. 15, n° 3, pp 354-386, (in coll. with R. ARGENZIANO)

Subjective Causality

Revue Economique, 2023, vol. 4, n° 74, pp 619-633, (in coll. with Y. Alexander)

No-betting Pareto under ambiguity

Theory and Decision, June 2022, vol. 92, pp 625-645, (in coll. with L. Samuelson)

Economic Theory: Economics, Methods and Methodology

Revue Economique, November 2022, vol. 73, n° 6, pp 897-919, (in coll. with A. Postlewaite, L. Samuelson, D. Schmeidler)

What were you thinking? Decision theory as coherence test

Theoretical Economics, May 2022, vol. 17, n° 2, pp 507-519, (in coll. with L. SAMUELSON)

Books

Analogies and Theories: Formal Models of Reasoning

Oxford University Press (in coll. with L. SAMUELSON, D. SCHMEIDLER )

Case-Based Predictions: An Axiomatic Approach to Prediction, Classification and Statistical Learning

World Scientific Publishers, Economic Theory Series (in coll. with D. Schmeidler )

Making Better Decisions: Decision Theory in Practice

Wiley-Blackwell

Rational Choice

MIT Press

Theory of Decision under Uncertainty

Cambridge University Press

Uncertainty in Economic Theory (Ed.)

Routledge, London

A Theory of Case-Based Decisions

Cambridge University Press (in coll. with D. Schmeidler )

Chapters in edited books

Uncertainty in Economic Theory - Essays in honour of David Schmeidler’s 65th birthday

Of Synthetic Finance: Three Essays Of Speculative Materialism, B. Lozano (Ed.), Routledge, London

Mental Accounting and the Absentminded Driver

The Psychology Of Economic Decisions, Vol.1 Rationality And Well-Being, I. Brocas and J. D. Carrillo (eds.), 127-136

Can Free Choice Be Known?

The Logic Of Strategy, C. Bicchieri, R. Jeffrey, B. Skyrms (eds.), Oxford University Press

Philosophical Applications of Kolmogorov's Complexity Measure

Logic And Philosophy Of Science In Uppsala, D. Prawitz, D. Westerstahl (eds.), Kluwer Academic Publishers, 236 , 205-230

Proceedings

Rational policymaking during a pandemic

Do Salespeople Trust their Customers? Toward an Understanding of Trust in B2B Relationships under Uncertainty: An Abstract

Marketing Opportunities and Challenges in a Changing Global Marketplace , 2020 , AMSAC 2019 (M. Rouziou, D. ROUZIES, R. Dugan)

Second-Order Induction in Prediction Problems

Ambiguity and the Bayesian Approach

10th World Congress of the Econometric-Society , 2013 , Cambridge , I , 49 (M. MARINACCI)

Working papers

Economic Theories and Their Dueling Interpretations

PIER (Penn Institute for Economic Research) Working Paper , 2022

Economic Theory: Economics, Methods and Methodology

PIER (Penn Institute for Economic Research) Working Paper , 2022

Consumption of Values

Cahier de Recherche du Groupe HEC , 2020

Rational policymaking during a pandemic

iRisk Working Paper Series , 2020

Uncertainty and decision-making during a crisis: How to make policy decisions in the COVID-19 context?

IGIER_Innocenzo Gasparini Institute for Economic Research, Bocconi University , 2020

Decision Theory Made Relevant: Between the Software and the Shrink

Cahier de Recherche du Groupe HEC , 2018

Learning What is Similar: Precedents and Equilibrium Selection

Cahier de Recherche , 2018

Second-Order Induction: Uniqueness and Complexity

Cahier de Recherche , 2018

States and Eventualities: How to Understand Savage without Anyone Being Hanged

Cahier de Recherche , 2018

What Are Axiomatizations Good For?

Cahier de Recherche , 2018

Scientific articles

Consumption of Values

Management Science, Mars 2025, vol. 71, n° 3, pp 2623-2634, (in coll. with S. MINARDI, F. WANG)

Authors' reply to comments

Journal of Economic Methodology, 2024, vol. 31, n° 4, Economi, pp 302-305, (in coll. with A. Postlewaite, L. Samuelson)

Bureaucracy in quest of feasibility

Journal of Mathematical Economics, October 2024, vol. 114, n° 103047, (in coll. with H. Crès, N. VIEILLE)

Economic theories and their Dueling interpretations

Journal of Economic Methodology, 2024, vol. 31, n° 4, Economi, pp 189-208, (in coll. with A. Postlewaite, L. Samuelson, D. Schmeidler)

Books

Analogies and Theories: Formal Models of Reasoning

Oxford University Press (in coll. with L. SAMUELSON, D. SCHMEIDLER )

Case-Based Predictions: An Axiomatic Approach to Prediction, Classification and Statistical Learning

World Scientific Publishers, Economic Theory Series (in coll. with D. Schmeidler )

Making Better Decisions: Decision Theory in Practice

Wiley-Blackwell

Rational Choice

MIT Press

Chapters in edited books

Uncertainty in Economic Theory - Essays in honour of David Schmeidler’s 65th birthday

Of Synthetic Finance: Three Essays Of Speculative Materialism, B. Lozano (Ed.), Routledge, London

Mental Accounting and the Absentminded Driver

The Psychology Of Economic Decisions, Vol.1 Rationality And Well-Being, I. Brocas and J. D. Carrillo (eds.), 127-136

Can Free Choice Be Known?

The Logic Of Strategy, C. Bicchieri, R. Jeffrey, B. Skyrms (eds.), Oxford University Press

Philosophical Applications of Kolmogorov's Complexity Measure

Logic And Philosophy Of Science In Uppsala, D. Prawitz, D. Westerstahl (eds.), Kluwer Academic Publishers, 236 , 205-230

Proceedings

Rational policymaking during a pandemic

Do Salespeople Trust their Customers? Toward an Understanding of Trust in B2B Relationships under Uncertainty: An Abstract

Marketing Opportunities and Challenges in a Changing Global Marketplace , 2020 , AMSAC 2019 (M. Rouziou, D. ROUZIES, R. Dugan)

Second-Order Induction in Prediction Problems

Ambiguity and the Bayesian Approach

10th World Congress of the Econometric-Society , 2013 , Cambridge , I , 49 (M. MARINACCI)

Working papers

Economic Theories and Their Dueling Interpretations

PIER (Penn Institute for Economic Research) Working Paper , 2022

Economic Theory: Economics, Methods and Methodology

PIER (Penn Institute for Economic Research) Working Paper , 2022

Consumption of Values

Cahier de Recherche du Groupe HEC , 2020

Rational policymaking during a pandemic

iRisk Working Paper Series , 2020

Education

  • Ph.D. in Economy, Tel-Aviv University - Israel
  • M.A. in Economics, Tel-Aviv University - Israel
  • B.Sc. in Mathematics and Computer Science, Tel-Aviv University - Israel
  • B.A. in Economics, Tel-Aviv University - Israel

Scientific Activities

Membership in Academic or Professional Organisation

  • Member of the Council of the Econometric Society
  • Member of the Game Theory Society Council
  • Chair of the Berglas School of Economics
  • Head of the Adi Lautman Interdisciplinary Program for Excellent Students
  • Chair of Junior Recruiting Committee
  • The Econometric Society
  • The Society for the Promotion of Economic Theory

Editorial activities

  • 2014- Co-Editor, Econometrica
  • January 2001-January 2007 Member, Editorial Board, Econometrica
  • 1996-2002 Member, Editorial Board, International Journal of Game Theory
  • 1994-2008 Member, Editorial Board, Journal of Economic Theory
  • 1991-2008 Member, Editorial Board, Games and Economic Behavior

    • Conference organisation

  • 2021-2021 Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Determinants of Utility
  • 2020-2020 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Prospect Theory
  • 2019-2019 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Ambiguity, and Honoring David Schmeidler's 80th Birthday
  • 2018-2018 Co-Organizer D-TEA (Decision: Theory, Experiments, and Applications) Workshop, Topic: Modes of Decision Making, and Dedicated to the memory of Herbert A. Simon
  • 2017-2017 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Voting Systems, and Dedicated to the memory of Kenneth J. Arrow
  • 2016-2016 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Beyond Revealed Preference
  • 2015-2015 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Decisions and Finance
  • 2014-2014 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Individual Rationality, Group Rationality
  • 2013-2013 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Ambiguity
  • 2012-2012 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Decision Processes
  • 2011-2011 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Utility - Its measurement and meaning
  • 2010-2010 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Group Decisions
  • 2009-2009 Co-Organizer D-TEA (Decisions: Theory, Experiments and Applications) Workshop, Topic: Uncertainty

    • Awards & honors

    • 2014 HEC Foundation - 2014 Research Award
    • 2013 Fellow of the Society for Advancement of Economic Theory
    • 2000 Fellow of the Econometric Society
    • 1992 Sidney J. Levy Teaching Award
    • 1992 Frederic E. Nemmers Distinguished Professor of Decision Sciences
    • 1992 Alfred P. Sloan Research Fellowship