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Euncheol Shin
Associate Professor of Economics
College of Business
College of AI (Joint Appointment)
Korea Advanced Institute of Science and Technology (KAIST)
Email: eshin.econ [AT] kaist.ac.kr
Links: [English CV] [Google Scholar] [KAIST]
Research areas: behavioral and experimental economics, the economics of AI, social and economic networks, industrial organization.
Methods: economic theory and experiments.
Education
Ph.D. in the Social Sciences, California Institute of Technology, 2016
Dissetation advisor: Professor Leeat Yariv
M.S. in the Social Sciences, California Institute of Technology, 2012
B.S. in Mathematics and B.A. in Economics, Yonsei University, 2009
Graduated with Highest Honors (Summa Cum Laude)
Ranked 1st in the Department of Mathematics
Completed Advanced Program in Mathematics
Working Papers
1. AI and Human Decision-Making
Can an LLM Learn Preferences from Choice Data? (joint with Jeongbin Kim, Matthew Kovach, Kyu-Min Lee, and Hector Tzavellas). [PDF: arXiv] - revision requested by Review of Economics and Statistics
Do People Follow AI Advice? Evidence from a Pension Portfolio Choice Experiment (joint with Hongseok Choi, Jeongbin Kim, Matthew Kovach, Kyu-Min Lee, and Hector Tzavellas). [PDF: arXiv]
AI and the Dynamics of Conflict: Theory and Experimental Evidence (joint with Kyu-Min Lee, Youngseok Park, Jean Paul Rabanal, and Sora Youn) [PDF] [PDF:SSRN]
2. Networks and Collective Behavior
Robust Intervention in Networks (joint with Daeyoung Jeong and Tongseok Lim). [PDF: GitHub] [PDF: SSRN]
Teaching Practices, Prosocial Giving, and Friendship Networks (joint with Syngjoo Choi, Booyuel Kim, Eungik Lee, and Yoonsoo Park). [PDF] [Online Appendix]
Rationality-Based Preference Aggregation (joint with Syngjoo Choi, Byunghun Han, Booyuel Kim, Minseon Park, and Yoonsoo Park). [Coming soon]
Pandemic Control in Networks: Three Principles (joint with Keumseok Kang, Yuncheol Kang, and Dae-Ki Min). [PDF] [Online Appendix]
3. Behavioral and Experimental Economics
Rationality-Based Preference Aggregation (joint with Syngjoo Choi, Byunghun Han, Booyuel Kim, Minseon Park, and Yoonsoo Park). [Coming soon]
Social Distancing under Strategic Uncertainty: The Role of Strategic Sophistication in the COVID-19 Pandemic (joint with Mimi Jeon, Seonghoon Kim, and Kanghyock Koh). [PDF] - revision requested by Journal of Risk and Uncertainty
Can an LLM Learn Preferences from Choice Data? (joint with Jeongbin Kim, Matthew Kovach, Kyu-Min Lee, and Hector Tzavellas). [PDF: arXiv] - revision requested by Review of Economics and Statistics
4. Markets, Institutions, and Political Economy
Do People Follow AI Advice? Evidence from a Pension Portfolio Choice Experiment (joint with Hongseok Choi, Jeongbin Kim, Matthew Kovach, Kyu-Min Lee, and Hector Tzavellas). [PDF: arXiv]
Auction Format and Revenue Variance under Common Values (joint with Minseo Choi and Jeong Yeol Kim). [PDF]
Adaptive Learning and Student Achievement: Experimental Evidence from Vietnam (joint with Seura Ha, Booyuel Kim, Yoon Soo Park, Hee-Seung Yang). [PDF] [Non-technical Report by the Education Commission]
Selected Publications
Culture-Specific Social Constructs and Their Implications for Cross-Cultural Experiments, 2026, joint with Matthew Chao, Journal of Economic Behavior and Organization (Mindful Economics: A special issue in honour of Colin Camerer) Vol 245: 107491. [Link] [Online Appendix]
Optimal Influence Design in Networks, 2024, joint with Daeyoung Jeong, Journal of Economic Theory Vol 220: 105877. [Link]
Repairing a Cracked Mirror: The Heterogeneous Effect of Personalized Digital Nudges Driven by Misperception, 2021, joint with Daegon Cho and Miyeon Jung, Production and Operations Management Vol 30(8): 2586-2607. [Link]
Social Network Formation and Strategic Interaction in Large Networks, 2021, Mathematical Social Sciences Vol 111: 34–54. [Link]
A Model of Pre-Electoral Coalition Formation, 2019, Games and Economic Behavior Vol 118: 463–485. [Link]
Monopoly Pricing and Diffusion of Social Network Goods, 2017, Games and Economic Behavior Vol 102:162–178. [Link]
Selected Courses Taught at KAIST
Social Media and Social Network Analysis
Probability and Statistics
Advanced Business Analytics
Managerial Economics
Network Analytics / Human Networks and Business Strategy
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