My teaching and research are closely connected to simulations ("experiments") based on economic decisions, auctions, games, etc. This work is described in the Teaching and Research links found in the header. I am proud of the extensive research that I do with a wide range of US and international scholars, former doctoral students, and former UVA economics majors and Veconlab RAs; some of these talented people are shown in photos below and in the Collaborators menu link.
Forthcoming research narrative from Edward Elgar Publishing, 2026
Chapter 1. Market Trading: Looking Inside the Box
Chapter 2. Asset Markets and Spontaneous Speculation
Chapter 3. Prospect Theory: Patterns and Paradoxes
Chapter 4. Measurement of Risk Preference
Chapter 5. Belief Elicitation and Learning
Chapter 6. Behavioral Biases and Pull-to-Center Effects
Chapter 7. Behavioral Game Theory Intuitive Anomalies
Chapter 8. Stochastic Game Theory:
Introspection, Evolution, and Equilibrium
Chapter 9. The Power of Trust and Exclusion
Chapter 10. Auctions and Market Design
Jeffersonian view in Monroe Hall
with Cathy Eckel, Cate Johnson, and Vernon Smith on his 80th birthday!
Vernon Smith, 90th!
at King Family Vineyard with Tom Palfrey
Witness Seminar in Amsterdam with James Friedman, Steve Rassenti, Franz van Winden, Charlie Holt, Al Roth, Vernon Smith, John Kagel, John Ledyard, Charlie Plott, Elizabeth Hoffman, Reinhard Selten, and organizers.
SEA Dinner in Tampa: Karti Sieberg, Monica Capra, the late John Nash, Charlie Holt, John Hamilton, Joe Jadlow, the late Roger Sherman and Eliana Catilina
This 1993 Princeton Press cover deisgn for my book with Doug Davis was based on a graphic image that I made from a pre-Columbian design that had a supply and demand step structure.
Arthur Schram and I were the founding co-editors of the journal Experimental Economics, and this is a water color that I sent to Kluwer 25 years ago that was used to design the original journal cover.