Full Professor

prof.dr. (Peter) P.P. Wakker

Erasmus School of Economics

Econometrics

Erasmus University Rotterdam

Woudestein

Room: H11-15

T:+31 10 4081265, +31 10 4081277

E: wakker@ese.eur.nl

Personal website.

Peter Wakker is professor of decisions under uncertainty at the Econometric Institute of Erasmus School of Economics (ESE). He works in behavioral economics and on risk and ambiguity.

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 (2007), the Frank P. Ramsey Medal (2013; highest award of INFORMS Decision Analysis Society), and an Honorary doctorate in economics (University of St. Gallen 2016).

Wakker frequently gives advices on insurance in the media.

Wakker is a director of the research group Behavioral Economics.

Applied 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.
  • 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.
  • 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.
  • Wakker, P.P. (2000). Luce's Paradigm for Decision under Uncertainty [Bespreking van het boek Utility of Gains and Losses: Measurement-Theoretical and Experimental Approaches]. Journal of Mathematical Psychology, 44, 488-493.
  • Wakker, P.P. (2000). Book Review [Bespreking van het boek Handbook of Utility Theory; Vol. 1]. The Journal of Economic Literature, 38, 638-639.
  • Wakker, P.P. (1998). Non-EU and Insurance [Bespreking van het boek Non-Expected Utility and Risk Management]. Journal of Behavioral Decision Making, 11, 151-160.
  • Wakker, P.P. (1996). Time Preference [Bespreking van het boek Choice over Time]. Journal of Behavioral Decision Making, 9, 297-303.
  • Wakker, P.P. (1996). Book Review [Bespreking van het boek The Craft of Decision Modelling]. Journal of Behavioral Decision Making, 9, 150-151.
  • Wakker, P.P. (1994). Expected versus Nonexpected Utility: The State of the Art [Bespreking van het boek Utility measurements and Applications]. Journal of Mathematical Psychology, 38, 521-524.
  • Wakker, P.P. (1994). Quiggin's Rank-Dependent Model [Bespreking van het boek Generalized Expected Utility Theory: The Rank-Dependent Model]. Journal of Mathematical Psychology, 38, 525-526.
  • Bezembinder, Th.G.G. & Wakker, P.P. (1990). Review [Bespreking van het boek Stevens Handbook of Experimental Psychology]. Acta Psychologica, 75, 193-194.
  • Wakker, P.P. (1986). Book Review [Bespreking van het boek Making Decisions]. Kwantitatieve Methoden, 20, 144-145.
  • Wakker, P.P. (2002). Decision-Principles to Justify Carnap's Updating Method and to Suggest Corrections of Probability Judgments. In A Darwiche & N Friedman (Eds.), Uncertainty in Artificial Intelligence, Proceedings of the Eighteenth Conference (pp. 544-551). San Francisco, CA: Morgan Kaufmann.
  • Timmermans, D.R.M., Politser, P. & Wakker, P.P. (1995). Aggregation, Rationality, and Risk Communication: Three Current Debates in Medical Decision Making. In J.P. Caverni, M. Bar-Hillel, F. Hutton Barron & H. Jungermann (Eds.), Contributions to Decision Making -I (pp. 111-117). Amsterdam: Elseviers Science.
  • Fennema, H. & Wakker, P.P. (1994). An Explanation and Characterization for the Buying of Lotteries. In S. Rios (Ed.), Decision Theory and Decision Analysis: Trends and Challenges (pp. 163-175). Dordrecht: Kluwer Academic Publishers.
  • Sarin, R.K. & Wakker, P.P. (1994). Gains and Losses in Nonadditive Expected Utility. In M.J. Machina & B.R. Munier (Eds.), Models and Experiments on Risk and Rationality (pp. 157-172). Dordrecht: Kluwer Academic Publishers.
  • Wakker, P.P. (1991). Additive Representations of Preferences, A New Foundation of Decision Analysis; The Algebraic Approach. In J.P. Doignon & J.C. Falmagne (Eds.), Mathematical Psychology: Current Developments (pp. 71-87). Berlin: Springer.
  • Wakker, P.P. (1989). Transforming Probabilities without Violating Stochastic Dominance. In E.E.Ch.I. Roskam (Ed.), Mathematical Psychology in Progress (pp. 29-47). Berlin: Springer.
  • Wakker, P.P. (1988). Characterizations of Quasilinear Representing Functions, and Specified Forms of These. In W. Eichhorn (Ed.), Measurement in Economics (Theory and Applications of Economic Indices (pp. 311-326). Heidelberg: Physica-Verlag.
  • Wakker, P.P. (1986). Concave Additively Decomposable Representing Functions and Risk Aversion. In L. Daboni, A. Montesano & M. Lines (Eds.), Recent Developments in the Foundations of Utility and Risk Theory (pp. 249-262). Dordrecht: Reidel.
  • Vrieselaar, N., Koijen, R. & Wakker, P.P. (2014). Sparen voor de Dood. Elsevier, 70 (47), 73-73.
  • de Raat, F., Hordijk, E. & Wakker, P.P. (2014). Laat het Los, Al Die Verzekeringen. NRC Handelsblad, E18-E19.
  • Wakker, P.P. (2014). Verliesangst. NRC Handelsblad, 27 June (Delta Loyyd Magazine), 9-9.
  • Stallinga, R. & Wakker, P.P. (2013). Wie nooit wil verliezen, mist veel kansen. Safe (Robeco), 2013#2 (02), 26-26.
  • Wester, J. & Wakker, P.P. (2012). Heffen op Nationale Hobby: Verzekeren. NRC Handelsblad, 9-9.
  • Brinks, M. & Wakker, P.P. (2012). Risico is geen Nederlands Woord. Het Parool, 9 Aug 2012, 9-9.
  • Boere, R. & Wakker, P.P. (2012). Honderd Euro Polisgeld Is Snel Terugverdiend. Algemeen Dagblad, 4 Oct 2012, 4-4.
  • Steenhof, P & Wakker, P.P. (2008). Verliesangst Is Drijfveer voor Afsluiten Verzekeren. Post Scriptum, 10 (1), 27-29.
  • Wijers, S., de Jonge, G. & Wakker, P.P. (2013, Juni 11). Effectieve Dekking zonder Oververzekering. Spits (Personal Finance), pp. 6-6.
  • Wakker, P.P. (2012, Oktober 04). Heffen op Nationale Hobby: Verzekeren. NRC Handelsblad
  • Wakker, P.P. (2012, Oktober 04). Honder Euro Polisgeld Is Snel Terugverdiend. Algemeen Dagblad
  • Wakker, P.P. (2012, Augustus 09). Risico is geen Nederlands Woord. Het Parool
  • Boogaards, E. & Wakker, P.P. (2009, November 01). Doe de Polis-Check (en Bespaar Geld). Plus Magazine, pp. 28-29.
  • Wakker, P.P. (2008, Maart 16). Verliesangst is de Drijfveer voor Afsluiten Verzekeren. Postbank NL Vol. 10 no 1, pp. 27-29.

Journal of Risk and Uncertainty

Role Editor
Start date 1/1992

Theory and Decision

Role Associate Editor

Zhihua Li

Irrationality: What, Why and How
Promotor
2010 - 2014

Full Professor

University Erasmus University Rotterdam
School Erasmus School of Economics
Department Econometrics
Country The Netherlands

Address

Visiting address
Postal address
Campus Woudestein Postbus 1738
Burg. Oudlaan 50 3000 DR Rotterdam
3062 PA Rotterdam