David M. Kreps

Marc David Kreps ( born October 18, 1950 in New York City ) is an American economist.

Life and work

Kreps earned his Artium Baccalaureus in 1972 in mathematics from Dartmouth College in 1975 and his MA and his Ph.D. in Operations Research at the Stanford School of Engineering at Stanford University. Since 1975 he has been at the Graduate School of Business at Stanford University worked: 1975 to 1978 he was assistant professor, associate professor from 1978 to 1980 and is since 1980 Professor of Economics. He was Guest professor at Yale University ( 1982), Harvard University ( 1983-1984), The Hebrew University of Jerusalem (1985 ), University of Paris -Dauphine (1986 ), Tel Aviv University (1989-1990 ), University of Oxford (1990) and at the Bocconi University (1992).

Kreps works primarily in the areas of decision making, game theory and the theory of price. In particular, it deals with dynamic decision making with financial markets, with limited rationality and human resources.

Kreps has three children and his hobbies are cooking and training in youth sports.

Awards

Memberships

Works

• Notes on the Theory of Choice. Westview Press, Boulder, Colorado, 1988, ISBN 0-8133-7553-3.
• A Course in Microeconomic Theory. Princeton University Press, Princeton, New Jersey, 1990, ISBN 0-691-04264-0; German as: Microeconomic Theory. Verlag Moderne Industrie, Landsberg / Lech, 1994, ISBN 3-478-39280-2.
• Game Theory and Economic Modelling. Clarendon Press, Oxford, 1990, ISBN 0-19-828357-1.
• With James N. Baron: Strategic Human Resources. Frameworks for General Managers. Wiley, New York [ inter alia ] 1999, ISBN 0-471-07253-2.
• Microeconomics for Managers. WW Norton, New York [ ua] 2004, ISBN 0-393-97678-5.

• A note on " Fulfilled expectations" equilibria. In: Journal of Economic Theory. Volume 14, No. 1, February 1977, pp. 32-43.
• Evan L. Porteus: Temporal Resolution of Uncertainty and Dynamic Choice Theory. In: Econometrica. Volume 46, No. 1, January 1978, p 185-200.
• A Representation Theorem for "Preference for Flexibility In: .. Econometrica Volume 47, No. 3, May 1979 pp. 565-577.
• With J. Michael Harrison: Martingales and arbitrage in multiperiod securities markets. In: Journal of Economic Theory. Volume 20, No. 3, June 1979, p 381-408.
• With Robert Wilson: Reputation and imperfect information. In: Journal of Economic Theory. Volume 27, No. 2, August 1982, p 253-279.
• With Robert Wilson: Sequential Equilibria. In: Econometrica. Volume 50, No. 4, July 1982, pp. 863-894.
• Jose A. Scheinkman with: Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes. In: Bell Journal of Economics. Volume 14, No. 2, 1983, pp. 326-337.
• With In -Koo Cho: Signaling Games and Stable Equilibria. In: The Quarterly Journal of Economics. Volume 102, No. 2, May 1987 pp. 179-221.
• With Drew Fudenberg: Reputation in the Simultaneous Play of Multiple Opponents. In: Review of Economic Studies. Volume 54, No. 4, October 1987, pp. 541-568.
• With Robert Wilson: Corporate Culture and Economic Theory. In: James E. Alt and Kenneth A. Shepsle (eds.): Perspectives on Positive Political Economy. Cambridge University Press, Cambridge [ua ], 1990, ISBN 0-521-39221-7, pp. 90-143
• Static choice in the presence of unforeseen contingencies. In: Partha Dasgupta, Douglas Gale, Oliver Hart, and Eric S. Maskin (eds.): Economic Analysis of Markets and Games. Essays in Honor of Frank Hahn. MIT Press, Cambridge, Mass.. [ inter alia ] In 1992, ISBN 0-262-04127-8, pp. 565-577.
• With Drew Fudenberg: Learning in Extensive Form Games I: Self- Confirming Equilibrium. In: Games and Economic Behavior. Volume 8, No. 1, 1995, pp. 20-55.
• Markets and Hierarchies and ( Mathematical ) Economic Theory. In: Industrial and Corporate Change. Volume 5, No. 2, 1996, pp. 561-595.
• Economics. The current position. In: Daedalus. Volume 126, No. 1, 1997, pp. 59-85.
• Intrinsic motivation and extrinsic incentives. In: American Economic Review. Volume 87, No. 2, May 1997 pp. 359-364.