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Edi Karni

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Edi Karni
עדי קרני
Born (1944-03-20) March 20, 1944 (age 80)
CitizenshipIsrael
Alma materThe University of Chicago
Scientific career
FieldsEconomics
Doctoral advisorMilton Friedman
Gary Becker
Stanley Fischer

Edi Karni (born March 20, 1944 in Tel Aviv) is an Israeli economist and decision theorist. He is a Fellow of the Econometric Society[1] and a Economic Theory Fellow of the Society for the Advancement of Economic Theory[2].

After obtaining his B.A. in Economics and Political Science in 1965 from The Hebrew University of Jerusalem, he earned his Ph.D in 1971 from The University of Chicago under the supervision of Milton Friedman, Gary Becker and Stanley Fischer. Edi is currently a Scott and Barbara Black Professor of Economics at Johns Hopkins University.

His most influential works are at the fields of decision-making under uncertainty and risk[3],which includes modeling state-dependent preferences[4] and the definition of subjective probability[5], the modeling of awareness and awareness of unawareness[6] and the introduction of the notion of ‘reverse Bayesianism’. He also influenced the field of economics of information[7], Specifically, the introduction to economics of the notion of credence-quality goods and the explanation of the existence of fraud in competitive market to asymmetric information due to expert knowledge.

References

  1. ^ "Fellows of the Econometric Society 1950 to 2018 | The Econometric Society". www.econometricsociety.org. Retrieved 2019-06-25.
  2. ^ "Economic Theory Fellows – SAET". Retrieved 2019-06-25.
  3. ^ Karni, Edi; Safra, Zvi (1987-05). ""Preference Reversal" and the Observability of Preferences by Experimental Methods". Econometrica. 55 (3): 675. doi:10.2307/1913606. ISSN 0012-9682. {{cite journal}}: Check date values in: |date= (help)
  4. ^ Karni, Edi. (1985). Decision making under uncertainty : the case of state-dependent preferences. Cambridge, Mass.: Harvard University Press. ISBN 0674195256. OCLC 11812479.
  5. ^ Karni, Edi (2012-02-02). "Bayesian decision theory with action-dependent probabilities and risk attitudes". Economic Theory. 53 (2): 335–356. doi:10.1007/s00199-012-0692-4. ISSN 0938-2259.
  6. ^ Karni, Edi Vierø, Marie-Louise (2014). Awareness of Unawareness: A Theory of Decision Making in the Face of Ignorance. Kingston, Ont.: Queen's Economics Dep., Queen's Univ. OCLC 951025796.{{cite book}}: CS1 maint: multiple names: authors list (link)
  7. ^ Darby, Michael R.; Karni, Edi (1973-04). "Free Competition and the Optimal Amount of Fraud". The Journal of Law and Economics. 16 (1): 67–88. doi:10.1086/466756. ISSN 0022-2186. {{cite journal}}: Check date values in: |date= (help)