John G. McCoy-Banc One Corporation Professor of Economics, Senior Associate Dean for Academic Affairs
Games People Play
Human behavior and reasoning is at the core of the social sciences. It is of special interest when consider interaction between people. Game theory is a mathematical tool used extensively in economics as well as other fields to model and analyze decision making and reasoning in interactive strategic settings. We will use Game Theory to simulate strategic interactions and analyze the behavior and reasoning of players.
Meet the Speaker:
Yossi Feinberg received his PhD in Mathematics from the Hebrew University in Jerusalem in 1997. His thesis studied how differing prior beliefs of decision makers can be expressed by their disagreement on current (posterior) events. After completing his dissertation under the supervision of Nobel Laureate Professor Robert J. Aumann, Yossi began teaching economics at Kellogg Graduate School of Management. Yossi joined Stanford GSB in 1998.
Yossi’s teaching interests include Economics of Organization, Managerial Economics, Strategy, Information Markets, Game Theory and Applied Decision Making. In 2003 he received the MBA distinguished teaching award.
Yossi’s recent research interests include, for example, the analysis and implication of strategic decision making in the face of unawareness. He has modeled games with unawareness and their solutions. In these games each decision maker can reason about the extent to which others may only have a limited perception of the full scale of the economic interaction at hand. Yossi was an Associate Editor of the Journal of Economic Theory and is serving as a referee for all major microeconomics journals. He has given numerous invited seminars as well as multiple plenary talks at academic conferences.
He has been consulting in a wide range of industries including hi-tech, media and healthcare as well as giving invited talks on topics such as pricing, the sub-prime crisis, in-house vs. outsourcing, allocating decision power in organizations and strategic interactions.
He is the faculty director of Stanford Ignite, a global innovation program running on the Stanford Campus, and led its expansion to Bangalore, Beijing, Paris and Santiago.