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My research develops novel theory and combines it with data from the field and the laboratory to understand strategic behavior in games and markets.

My work with Mark Walker pioneered the use of data from professional sports as a means of testing the empirical validity of game theory. We show that the serve-and-return behavior of professional tennis players is largely consistent with the theory of mixed-strategy Nash equilibrium. (See Walker and Wooders (2001), 300+ Google Scholar cites.) In contrast, the theory fares poorly in laboratory experiments. My work with Walker is routinely cited in undergraduate textbooks when introducing students to the notion of mixed-strategy Nash equilibrium.

My work with Dan Houser was among the first to investigate the effect of seller reputation on auction prices. (See Houser and Wooders (2006), 800+ Google Scholar cites.) My recent theoretical work studies the incentives of bidders to enter auctions. It also studies “Buy It Now” auctions, a new Internet auction format which combines the features of an auction and a posted price. Some of my current experimental work investigates the effect of buy prices in laboratory auctions.

An ongoing line of research investigates the “mini-micro” foundations of competitive equilibrium, and develops game-theoretic models of markets in which trade is decentralized. This work shows that decentralized trade may yield better outcomes than what is obtained in a competitive equilibrium of a centralized market.

News

Upcoming: Visiting NYU NY in Spring 2018.

Upcoming: Public Economic Theory Conference at NYUAD, December 15-17.

Served on Senior Program Committee for EC17.

Reserve Prices in Auctions with Entry when the Seller is Risk Averse, (with Diego Moreno), Economic Letters 154 (2017), pp. 6–9.

Interacting Information Cascades: On the Movement of Conventions Between Groups (with James Fisher) Economic Theory, 63 (2017), pp. 211-231.

Elected Fellow of the Econometric Society.

Elected Fellow of the SAET.

From Minimax Play at Wimbledon (with Mark Walker), American Economic Review 91 (2001), 1521-1538.

From Nash at Wimbledon: Evidence from Half a Million Serves (with Romain Gauriot and Lionel Page), SSRN Working paper 2850919, 2016.

From Blind Stealing: Experience and Expertise in a Mixed-Strategy Poker Experiment (with Matt Van Essen), Games and Economic Behavior 91 (2015), pp. 186-206.

From Auctions with a Buy Price (with Stan Reynolds), Economic Theory 38 (2009), 9-39.

From Dynamic Markets for Lemons: Performance, Liquidity, and Policy Intervention (with Diego Moreno), Theoretical Economics 11 (2016), pp. 601-639.