Itzhak Gilboa

Itzhak Gilboa
Itzhak Gilboa
יצחק גלבוע
Born	February 3, 1963 (age 63); Tel Aviv, Israel
Citizenship	Israel
Academic background
Alma mater	Tel Aviv University
Doctoral advisor	David Schmeidler
Academic work
Institutions	Northwestern University; Tel Aviv University; HEC Paris
Doctoral students	Akihiko Matsui; Marzena Rostek;
Website	Information at IDEAS / RePEc;

Itzhak Gilboa (Hebrew: יצחק גלבוע; born February 3, 1963, in Tel Aviv) is an Israeli economist with contributions in decision theory. His work include the theory of Maxmin Expected Utility^[3] with David Schmeidler. This theory explains individual attitudes towards ambiguity that are consistent with the Ellsberg paradox. He currently holds professorship positions at HEC Paris and Reichman University.

Education and career

Gilboa was born in Tel Aviv. After obtaining his BA in Mathematics and Economics from Tel Aviv University, he earned his Ph.D. in 1987 under the supervision of David Schmeidler. Gilboa joined Kellogg School of Management at Northwestern University after graduation and was promoted to a full professorship in 1992. From 1992 to 1997, he was the Frederic E. Nemmers Distinguished Professor of Decision Sciences at Northwestern University. Between 1997 and 1999, he was a part-time professor of economics as Boston University.^[4]

Gilboa joined Tel Aviv University in 1997 as a professor of economics until 2023, when he moved to Reichman University. He holds separate appointment in the Department of Economics and Decision Sciences at HEC Paris since 2008.^[4]

Honors and awards

Gilboa was elected a Fellow of the Econometric Society in 2000. From 2001 to 2009, Gilboa was a Fellow of the Cowles Foundation at Yale University.^[5] In 2013, he became a Fellow of the Society for the Advancement of Economic Theory. In 2025, he became a member of the Academia Europaea.^[4]

Books

I. Gilboa, D. Schmeidler, A Theory of Case-Based Decisions Cambridge : Cambridge University Press, 2001. ISBN 9780511012952
- Translated into Japanese as 決め方の科学 : 事例ベース意思決定理論 / Kimekata no kagaku : jirei bēsu ishi kettei riron ISBN 9784326502592
N. Dimitri, M. Basili, and I. Gilboa, eds.. Cognitive Processes and Economic Behaviour. London: Routledge, 2003. ISBN 9780415320054
Ỉ. Gilboa Theory of decision under uncertainty Cambridge; New York : Cambridge University Press, 2009 ISBN 9780521517324
I. Gilboa, Rational Choice. Cambridge, Mass. : MIT Press, 2010. ISBN 9780262014007
I. Gilboa. Making Better Decisions: Decision Theory in Practice. Chichester, West Sussex: Wiley-Blackwell, 2011. ISBN 9781444336511.
I. Gilboa, L. Samuelson, and D. Schmeidler. Analogies and Theories: Formal Models of Reasoning (Lipsey Lectures) Oxford : Oxford University Press, 2015. ISBN 9780198738022

References

↑ "cv" (PDF). Aki Matsui's HP. Retrieved 2016-04-29.
↑ Itzhak Gilboa at the Mathematics Genealogy Project
↑ Gilboa, Itzhak; Schmeidler, David (January 1989). "Maxmin expected utility with non-unique prior". Journal of Mathematical Economics. 18 (2): 141–153. doi:10.1016/0304-4068(89)90018-9.
1 2 3 "Academy of Europe: Gilboa Itzhak". www.ae-info.org.
↑ "Academy of Europe: CV". www.ae-info.org.

External links

Biography on the HEC Paris website(in French)
Personal website

[1] "cv" (PDF). Aki Matsui's HP. Retrieved 2016-04-29.

[2] Itzhak Gilboa at the Mathematics Genealogy Project

[3] Gilboa, Itzhak; Schmeidler, David (January 1989). "Maxmin expected utility with non-unique prior". Journal of Mathematical Economics. 18 (2): 141–153. doi:10.1016/0304-4068(89)90018-9.

[ae-4] 1 2 3 "Academy of Europe: Gilboa Itzhak". www.ae-info.org.

[5] "Academy of Europe: CV". www.ae-info.org.

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v t e Decision theory
Core concepts	Ambiguity aversion Bounded rationality Choice architecture Expected utility Expected value Hyperbolic discounting Leximin Loss aversion Multi-attribute utility Path dependence Principle of indifference Prospect theory Rational choice theory Reference dependence Risk aversion Risk-seeking Satisficing Strategic dominance Subjective expected utility Sure-thing Utility theorem
Decision models	Anscombe-Aumann framework Causal decision Decision field theory Emotional choice Evidential decision Fuzzy-trace theory Intertemporal choice Naturalistic decision Normative model Quantum cognition Recognition-primed decision Rubicon model Savage's subjective expected utility model
Decision analysis tools	Analytic hierarchy process Analytic network process Cost–benefit analysis Cost-effectiveness analysis Cost–utility analysis Decision conferencing Decision curve analysis Decision rule Decision support system Decision table Decision tree Decision matrix Decisional balance sheet Gittins index Influence diagram Minimax MCDA Scoring rule Value of information perfect sample uncertainty
Paradoxes and biases	Allais paradox Certainty effect Cognitive bias Decoy effect Disposition effect Ellsberg paradox Endowment effect Framing effect Heuristics Newcomb's problem Pseudocertainty effect Rabin's paradox Regret St. Petersburg paradox Status quo bias Sunk cost
Uncertainty and risk	Deep uncertainty Exploration–exploitation Info-gap Pignistic probability Robust decision-making
Related fields	Behavioral economics Game theory Operations research Social choice theory Utility theory
Key people	David Blackwell Bruno de Finetti Morris H. DeGroot Peter C. Fishburn Gerd Gigerenzer Itzhak Gilboa Daniel Kahneman R. Duncan Luce Oskar Morgenstern Howard Raiffa Leonard J. Savage David Schmeidler Herbert Simon Amos Tversky John von Neumann Peter Wakker
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Other	IdRef Open Library Yale LUX