official webpage
Contact: piuslee83@gmail.com
Nationality: ROK - Republic of Korea (South Korea)
Education: Ph.D. in Economics, Johns Hopkins University, USA.
Research Interests
Economic theory of any kind in any field
Teaching Interests
Core: Microeconomic Theory (at any level), Mathematics for Economics/Business [taught at the Catholic Univ. of Korea]
Elective:
Industrial Organization, Economics of Firm, Labor Economics [taught at Catholic Univ. of Korea], Game Theory, Stochastic Calculus (with Financial Applications) [taught at Wuhan Univ.], International Trade [taught at Johns Hopkins Univ.]
We always yearn for certainty, but the only thing beyond dispute is that there is always room for doubt. And doubt is not an enemy that sets constraints on what we know ; The real danger to mental growth is perfect faith, doubt's antidote.
PUBLICATION
Price Skimming: Commitment and Delay in Bargaining with Outside Option (with Dongkyu Chang) : abstract and online appendix Journal of Economic Theory, Oct. 2022, vol.205 (article nr. 105528)
Common Certainty and Efficiency with Incomplete Information Mathematical Social Sciences, Sep. 2019, 101, pp.1-5: abstract
Formalization of Information: Knowledge and Belief Economic Theory, Dec. 2018, 66(4), pp.1007-1022: abstract
Customer Loyalty and Multi-stop Shopping (with KyunHwa Kim) Journal of Economic Theory and Econometrics, Dec. 2021, 32(4), pp.13-41: abstract
WORKING PAPERS (manuscripts are available upon requests)
Welfare Implications of Product Functionality and Multipurchasing (with KyunHwa Kim): abstract
Fit, Quality, and Optimal Obfuscation in Advertising as Information Design (with KyunHwa Kim) : abstract new draft coming soon!
Biased Mediation: Selection and Effectiveness (with JinYeub Kim): abstract online appendix submitted
- This supersedes my JMP, ``Mediator Selection in International Conflict: Bias, Information, and Effectiveness''Association between COVID-19 Risk Perception and Economic Expectation during the Pandemic in South Korea (with Jun Hyung Kim, Won Mo Jang, Duk Hyeon Jang, and Jin Hwan Kim) : abstract
From Undergraduate Student Research Advising
Product Line Choices and Cross-subsidization (with Jingyun Huang): abstract new draft coming soon!
Information Disclosure by Consumer and Competition among Firms (with Yi Zhou): abstract draft available upon request
Discontinuity and Nonmonotonicity of Behaviors in the Degree of Partial Naivete (with Huanyu Yin): abstract
WORK IN PROGRESS
Multidimensional Skills, Wealth, and Occupational Choices (with Kyungmin Kang)
Sequential Choice with Preference Learning (with Heechun Kim)
Multipurchasing with Complementarity and Full Market Covering (with KyunHwa Kim): abstract
The Economics of Parenting Skill and Child Development (with Jun Hyung Kim and Ji-Liang Shiu)
Conflict Development between Cop and Citizen (with Glenn Loury and Youngchul Kim)
From Undergraduate Student Research Advising
Cross-category Pricing Effect and Cross-subsidization (with Jingyun Huang): abstract
Optimal Precision of Public Information in Sender-Receiver Games (with Haoyu Lu)
Information Acquisition in Sequential Screening (with Jishu Xu)
Investment Incentive under Net Neutrality and Discrimination (with Yifang He)
RESEARCH FUNDING & GRANTS
Co-I (co-investigator), Fund for Young Scholar Academic Team Building, 2019-2021, Wuhan University, 350,000 RMB (approx. 50,000 USD)
PI (principal investigator), Fund for "Double-First Class" Plan (construction plan of world-class universities in both research and teaching), 2019-2022, Wuhan University, 100,000 RMB (approx. 14,500 USD)
PI, Fund for Research Startup, 2018-2021, Economics and Management School, Wuhan University, 70,000 RMB (approx. 10,000 USD)
PI, Fund for Independent Scientific Project, 2018-2019, Humanities and Social Science Division, Wuhan University, 100,000 RMB (approx. 14,500 USD)
List of Courses
INSTRUCTOR @ THE CATHOLIC UNIVERSITY OF KOREA, SOUTH KOREA (ROK)
Undergraduate-level (all taught in English):
Industrial Organization Spring 2023, 2024
Economics of Firm Fall 2023
Labor Economics Fall 2023, 2024
Microeconomics Fall 2023, Spring 2024
Mathematics for Economics Fall 2023
Economics Seminar Spring 2024
INSTRUCTOR @ WUHAN UNIVERSITY, CHINA (PRC)
Undergraduate-level (all taught in English):
Theory of Production and Consumption Fall 2022, 2021, 2020, 2019, 2018
Chapters 1-6 of MWG for undergraduate sophomores
Fall 2022: Team Teaching with Jihwan Do. I was in charge of the part on consumption theory
Stochastic Analysis Spring 2022, 2021, 2018
taught in Spring 2018 as "Advanced Topics in Mathematics"
covering stochastic calculus and stochastic dynamic optimization
Topics in Finance (Asset Pricing) Fall 2019
particularly on the Black-Scholes option pricing model for juniors
Advanced Topics in Microeconomics I Fall 2018
contract theory with applications to organizational economics for sophomores
Graduate-level (all taught in English):
Game Theory and Optimization Theory Spring 2022, Fall 2019
Fall 2019: Team Teaching with Xiaoxi Li and Lining Han
Spring 2022: Blackwell Theorem and Information Design with multiple receivers
Advanced Microeconomic Theory I Fall 2018
INSTRUCTOR @ JOHNS HOPKINS UNIVERSITY, USA
Undergraduate-level:
International Trade Summer 2016, 2015
TEACHING ASSISTANT@ JOHNS HOPKINS UNIVERSITY, USA
Undergraduate-level:
Microeconomic Theory Fall 2015, 2014
Corporate Finance Spring 2015
Topics in Political Economy Spring 2014
Monetary Analysis Fall 2013
Econometrics Spring 2013
Graduate-level:
Mathematical Method II: Dynamic Optimization Fall 2016
Microeconomic Theory II (Game Theory, Economics of Information) Spring 2016
Microeconomics for MIEF (Master of International Economics and Finance) Summer 2015, 2014
taught at SAIS (School of Advanced International Studies)
Microeconomic Theory I (Consumption, Production, General Equilibrium) Fall 2012
Selected Comments from Teaching Evaluations
For many years, I have seen a few teachers like him with the art of teaching, very good!
(original text in Chinese: 许多年来少见的具有讲课艺术的老师，非常好！)He teaches very difficult materials in a very easy-to-understand way! Love him!
(original text in Chinese: 很难的内容可以用极易理解的方式！爱他！)This Korean professor is particularly wonderful. Although there is a little frustration due to the language barrier, he gave lectures in a clear and organized way.
(original text in Chinese: 欧巴真的特别棒，虽然语言上有点小挫折，但是还是把课讲的特别清楚有条理. )He focuses on cultivating innovative thoughts. Personally, he is very cute! Very serious about his responsibilities, and the acquired knowledge broadened the horizon, and the evaluation method is novel!
(original text in Chinese: 注重创新思维的培养 老师人非常可爱！很认真很负责，所授知识开阔 了眼界，考核方式新颖)The professor is serious and responsible in teaching, and he teaches very clearly and thoroughly
(original text in Chinese: 老师上课认 真负责，知识点讲授的很清晰透彻)The professor is responsible and works hard to make students understand. However, it was too difficult for me because it was taught in English. During the lecture, after a while, I found myself lost. The materials are profound but the explanation was simple and clear. As a student, I admire him very much, but it was not very suitable for me.
(original text in Chinese: 老师尽职尽责，努力讲解，不过因为是全英文授课对我来说太过困难，听一会总会神游天外，内容深刻但讲解浅显清晰，不可多得的好老师，身为学生我很敬佩他，不过不是很适合我)
Teaching Awards & Honors
Best Teacher Award for Hongyi Honors Program, Wuhan University, 2022
Best Teacher Award for Hongyi Honors Program, Wuhan University, 2021
The 3rd Prize (university-level) in the 9th Teaching Award Competition of Wuhan University, 2018
The 3rd Prize (college/school-level) in the 7th Teaching Award Competition of Economics and Management School at Wuhan University, 2018
Funding & Grant for Teaching
Fund for Developing the First-Class Master's Course, 2019-2021, 20,000 RMB (approx. 3000 USD)- The outcome of this funding is Game Theory and Optimization Theory (2019 Fall)
Student Mentoring/Advising
Undergraduate Student Research Mentoring
Huang, Jingyun (2018 - 2021): Ph.D. student at Rice University, USA
Yin, Huanyu (2019 - 2022): Ph.D. student at Peking Univ. HSBC business school (PHBS), Shenzhen, China
Zhou, Yi (2019 - 2022): Ph.D. student at UCSD (University of California, San Diego), USA
Song, Yingrui (2019 - 2022): Ph.D. student at WUSTL (Washington University, St. Louis), USA
Li, Yubei (2019 - 2022): Ph.D. student at PSU (Penn State University), USA
Xing, Jingyi (2019 - 2020): Ph.D. student at UMD (University of Maryland), USA
Xu, Jishu (2020 - 2023): Ph.D. student at Tsinghua Univ. School of Economics (SEM), Beijing, China
Lu, Haoyu (2020 - 2023): Ph.D. student at Tsinghua Univ. PBC (People's Bank of China) School of Finance, Beijing, China
He, Yifang (2020 - 2023): Ph.D. student at University of Pittsburgh. GSB (Graduate School of Business), USA
Xu, Ke (2021 - 2023): Ph.D. Student at University of North Carolina, USA
Li, Guohao (2021 - 2023): Ph.D. Student at Chinese University of Hong Kong, Hong Kong SAR, China
Undergraduate Dissertation Advising
2018-2019 Xu, Yunan. "Research on the Existence of Equity Premium Puzzle in Chinese Market under Different Asset Pricing Theories"
selected for Excellent Undergraduate Dissertations in 2019 (武汉大学2019届优秀学士学位论文名单)
2019-2020 Chen, Huyi. "The Expected Utility Maximization Problem with General Asset Dynamics"
2020-2021 Huang, Jingyun, "Product Line Choices with Cross-subsidization"
2021-2022 Zhou, Yi, "Information Disclosure by Consumer and Competition among Firms"
2021-2022 Yin, Huanyu, "Discontinuity and Nonmonotonicity of Behaviors in the Degree of Partial Naivete"selected for Excellent Undergraduate Dissertations in 2022 (武汉大学2022届优秀学士学位论文名单)
2021-2022 Song, Yingrui (co-advising with Junmin Liao), "Product Innovation, Occupational Choice and Firm Size Distribution"
Economic Education for Public (Volunteering Activity)
Junior Achievement (International NGO for free economic education) Korea, March - June 2004 Click here to learn about Junior Achievement!