Thursday, September 16, 2021

David Grether, 1938-2021

 David Grether, a pioneer in experimental economics at Caltech has died.

Here's the initial Caltech announcement, promising more to come: 

David Grether, Caltech Frank Gilloon Professor of Economics, Emeritus, passed away on September 12. He was 82.

The paper of his that I remember best (and that I have taught whenever I cover preference reversals) is his incentivized replication of the preference reversals first noticed in hypothetical choice psychology experiments:

Grether, David M., and Charles R. Plott. "Economic theory of choice and the preference reversal phenomenon." The American Economic Review 69.4 (1979): 623-638.

Here are the papers he listed prominently on his web page:

SELECTED PUBLICATIONS

"Mental Processes and Strategic Equilibration: An fMRI Study of Selling Strategies in Second Price Auctions" with C. Plott, D. Rowe, M. Sereno and J. Allman Experimental Economics Vol. 10 (2007) pp. 105-122

Sequencing strategies in large, competitive, ascending price automobile auctions: An experimental study with Charles R. Plott  Journal of Economic Behavior and Organization Vol. 71 (2009) pp.75-88 http://dx.doi.org/10.1016/j.jebo.2009.02.018

The preference reversal phenomenon: Response mode, markets and incentives, with James Cox. Economic Theory 7 (1996): 387-405.

Individual behavior and market performance. American Journal of Agricultural Economics 76 (1994): 1079--1083.

Are people Bayesian? Uncovering behavioral strategies, with Mahmoud A. El-Gamal. Journal of the American Statistical Association 90 (1995): 1127-1145.

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