P.P. (Peter) Wakker

Full Professor
Erasmus School of Economics
Erasmus University Rotterdam
Member ERIM
Field: Marketing
Affiliated since 2008

Personal website.

 

Peter Wakker is a professor of decisions under uncertainty at the Department of Econometrics of the Erasmus School of Economics (ESE). He works in behavioral economics, primarily on the differences between normative and descriptive decisions, and on decisions under risk and uncertainty.

Wakker has published in leading journals in economics, business, medicine, psychology, statistics, and mathematics. He was nominated the best-publishing Dutch economist in the years 1994, 1998, 2003, and 2007, and was ranked 90th in the world in the ISI's most cited scientists in economics and business in 2003. He received a Medical Decision Making Career Achievement Award in 2007.

Wakker regularly gives advices on insurance in the media.

Wakker is director, jointly with Professor Han Bleichrodt, of the research group Behavioral Economics.

  • Wakker, P.P. (2010). Prospect Theory: For Risk and Ambiguity. Cambridge, UK: Cambridge University Press.
  • Wakker, P.P. (1989). Additive Representations of Preferences, A New Foundation of Decision Analysis. Dordrecht: Kluwer Academic Publishers.
  • Peters, H.J.M. & Wakker, P.P. (2010). Independence of Irrelevant Alternatives and Revealed Group Preferences (Extended abstract). In T. Ichiishi & A. Neyman (Eds.), Game Theory and Applications (pp. 404-406). New York: Academic Press.
  • Wakker, P.P. (2008). Uncertainty. In L. Blume & S.N. Durlauf (Eds.), The New Palgrave: A Dictionary of Economics (8) (pp. 428-439). Basingstoke: Palgrave MacMillan.
  • Wakker, P.P. (2004). Preference Axiomatizations for Decision under Uncertainty. In I. Gilboa (Ed.), Uncertainty in Economic Theory: Essays in Honor of David Schmeidler's 65 birthday (pp. 20-35). London: Routledge.
  • Wakker, P.P. (1987). From Decision Making under Uncertainty to Game Theory. In H.J.M. Peters & K.J. Vrieze (Eds.), Surveys of Game Theory and Related Topics (pp. 163-180). Amsterdam: Centre for Mathematics and Computer Science.
  • Schmeidler, D. & Wakker, P.P. (1987). Expected Utility and Mathematical Expectation. In J. Eatwell, M. Murray & P. Newman (Eds.), The New Palgrave: A Dictionary of Economics (pp. 229-232). London: The MacMillan Press.
Ning Liu

A Behavioral Approach to Group Decision Making under Ambiguity

  • Role: Promotor
  • PhD Candidate: Ning Liu
  • Time frame: 2011 -
Zhihua Li

Irrationality: What, Why and How

  • Role: Promotor
  • PhD Candidate: Zhihua Li
  • Time frame: 2010 -

Editorial positions

  • Journal of Risk and Uncertainty

    Editor

  • Management Science

    Co-Editor

  • Theory and Decision

    Associate Editor

  • Journal of Mathematical Psychology

    Editor

Past courses

Address

Visiting address

Office: H11-21
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Latest publication

Sales, C., Wakker, P.P., Alves, P.C.G. & Faísca, L. (2014). MF Calculator: A Web-based Application for Analyzing Similarity. Journal of Statistical Software, in press.