Prof. Peter P. Wakker

Professor Peter Wakker works in decision theory, focusing on the role of uncertainty. He develops new mathematical models and tests them experimentally, with a 2010 book “Prospect Theory: For Risk and Ambiguity,” Cambridge University Press. He has worked in many different fields, with affiliations at departments in mathematics, statistics, psychology, business, medicine, and economics, and awards won in those fields. He has joint papers with Daniel Kahneman, economics Nobel prize winner 2002, and Daniel McFadden, economics Nobel prize winner 2000. He published in leading journals in statistics and mathematics (Annals of Statistics; Mathematics of Operations Research), with Erdös number 2 :). He had a 1st place in Dutch rankings of economists in 1994, 1998, 2003, and 2007, with publications in leading journals such as American Economic Review, Econometrica, and Quarterly Journal of Economics. In business he has published in Management Science and Operations Research, and in Psychology in Psychological Review and the Journal of Mathematical Psychology. He received a career achievement award in medical decision making in 2007.