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My CV


 
February, 2014
 
ADDRESS
 
 Department of Economics, University of Wisconsin    
7422 Social Science Bldg, 1180 Observatory Drive, Madison, WI 53706-1393 
office: (608) 263-3871  fax: (608) 262-2033 
e-mail: lones@ssc.wisc.edu
www.lonessmith.com

PERSONAL
 
 Born April 8, 1965. Citizen of Canada and the United States.  
EDUCATION
  University of Chicago, PhD (Economics), 1991  
Thesis: “Essays on Dynamic Models of Equilibrium and Learning”
Thesis committee: In-Koo Cho, Jose Scheinkman, Michael Woodford
Carleton University, Ottawa, B.A. (Highest Honours, Economics & Mathematics), 1987
Governor General’s Medal, as top graduating student in all faculties
FELLOWSHIPS AND HONORS
National Science Foundation Grants 1995–2012
Economic Theory Inaugural Fellow 2011–
Fellow of the Econometric Society 2009–
Review of Economic Studies European Tour 1991
Jacob K. Javits Fellowship 1988–91
Social Sciences & Humanities Research Council (Canada) Grant 1988–91
Searl Foundation Scholarship and University Graduate Scholarship 1987–91
Top 100 on the William Lowell Putnam Mathematics Contest 1986
Fifth Place Prize, Canadian Math Olympiad  1983
Ninth Place in Canada, Sir Isaac Newton Physics Contest 1983
Second Place, Ottawa High School Debating Championships 1982
 
 
 ACADEMIC EMPLOYMENT
 
2013-16 Maude P. and Milton J. Shoemaker Professor of Economics
2010- Professor of Economics, Wisconsin 
2003-2010 Professor of Economics, Michigan
1998–2003 Associate Professor of Economics (Tenured), Michigan
1996–1998  Associate Professor of Economics, M.I.T.
1991–1996 Assistant Professor of Economics, M.I.T.
VISITING POSITIONS
 
May, 2008 Visiting Professor, Northwestern, Center for Economic Theory
Spring, 2006 Visiting Professor, Cowles Foundation and Economics Department, Yale
ASSOCIATE EDITOR FOR:
2005– Journal of Economic Theory
2004–9   American Economic Review
RESEARCH
Specialities: Information economics, search/matching models, game theory, finance
(cool= paper originally begun with graduate student)
 
PUBLISHED / FORTHCOMING / ACCEPTED
2013 cool "Student Portfolios and the College Admission Problem" (with Hector Chade and Greg Lewis), forthcoming in Review of Economic Studies 
2013   “Dynamic Deception” [with Axel Anderson], American Economic Review 103(7): 2811-47.
2010 cool “Dynamic Matching and Evolving Reputations” [with Axel Anderson], Review of Economic Studies 77 (1), 3–29. [lead article]
2008 cool “Caller Number Five and Related Timing Games” [with Andreas Park], Theoretical Economics 3 (2), 231-256.
2008 cool “Optimal Electoral Timing: Exercise Wisely and You May Live Longer”, [with Jussi Keppo and Dmitry Davydov], Review of Economic Studies 75 (2), 597–628.
2008  cool “Repeated Games with Present-Biased Preferences” [with Hector Chade and Pavlo Prokopovych], Journal of Economic Theory 139, 157–175.
2008   “The Demand for Information: More Heat than Light” [with Jussi Keppo and Giuseppe Moscarini], Journal of Economic Theory, 138, 21–50.
2006   “The Marriage Model with Search Frictions,” Journal of Political Economy 114, December, 1124-1144.
2006   “Simultaneous Search” [w/ Hector Chade], Econometrica 74 (5), 1293–1307. [highlighted in Not a Journal, Volume 10, March 21, 2005]
2002   “The Law of Large Demand for Information” [with Giuseppe Moscarini], Econometrica 70, November, 2351–2366.
2001 cool “The Optimal Level of Experimentation” [with Giuseppe Moscarini], Econometrica, 69 (6), 1629–1644.
2001  cool “Matching, Search, and Heterogeneity” [with Robert Shimer], Advances in Macroeconomics, 1 (1), article 5, 16 pages. 
2000   “Private Information and Trade Timing”, American Economic Review, 90, September, 1012–1018.
2000 cool “Assortative Matching and Search” [with Robert Shimer] Econometrica, 68: 343–370.
2000 cool “Pathological Outcomes of Observational Learning” [with Peter Sørensen], Econometrica, 68: 371–398.
1999   “Optimal Job Search in a Changing World”, Mathematical Social Sciences, 38, 1–11.
1998 cool “Social Learning in a Changing World” [w/ Giuseppe Moscarini and Marco Ottaviani], Economic Theory, 11, 657–665.
1997   “Time Consistent Optimal Stopping”, Economics Letters, 56: 277-279.
1995   “Necessary and Sufficient Conditions for the Perfect Finite-Horizon Folk Theorem,” Econometrica, 63: 425–430.
1994   “Folk Theorems for Repeated Games: A NEU Condition,” [with Dilip Abreu and Prajit Dutta], Econometrica, 62: 939–948. [based on my PhD thesis]
1992   “Folk Theorems in Overlapping Generations Games,” Games and Economic Behavior, 4: 426–449. [from my PhD thesis]
1987   “The Cyclotomic Numbers of Order Fifteen,” [with Nicholas Buck, Blair Spearman, Kenneth Williams], Mathematics of Computation, 48: 67–83.

REVISION REQUESTS
 
12/2008 cool “Informational Herding, Optimal Experimentation, and Contrarianism” (revised title), [with Peter Sørensen and Jianrong Tian], third requested revision Review of Economic Studies
1/2013   “The Economics of Counterfeiting” [with Elena Quercioli], second requested revision for Econometrica

 
JOURNAL SOLICITATIONS
 
cool “A Conversational War of Attrition” [with Kata Bognar and Moritz Meyer-ter-Vehn] by Review of Economic Studies 
  "Matching with Evolving Human Capital" [with Axel Anderson], by Journal of Political Economy

 
RESEARCH MIMEOS AT LATE STAGES
 cool

“Greed, Fear, and Rushes” [with Axel Anderson and Andreas Park]

cool “Strategically Valuable Information" [with Josh Cherry] 
cool "Unattainable Payoffs for Repeated Games of Private Monitoring” [with Josh Cherry] 
  “Aspirational Bargaining” [with Ennio Stacchetti]
  “A Model of Exchange where Beauty is in the Eye of the Beholder”
cool “Rational Social Learning Through Random Sampling” [with Peter Sorensen]
 
 
RESEARCH PROJECTS AND ROUGH MIMEOS (MOST TO LEAST COMPLETE)
 
"The Economics of Web Search" [with Michael Choi]
  “Optimal Dynamic Contests” [with Giuseppe Moscarini]  
“Rational Trade and the Snowball Effect” [with Helios Herrera]

 
UNPUBLISHED WORKING PAPERS
  “Error Persistence, and Experiential versus Observational Learning”   
[1990 job market paper (early work on social learning); Summer in Tel Aviv, 1991]
“Rethinking Bargaining Theory”
[1995–8 MIT manuscript; superseded by “Aspirational Bargaining”]
“Cross-Sectional Dynamics in a Two-Sided Matching Model” (1992)
[Summer in Tel Aviv, 1992]
“Do Rational Traders Frenzy?” (1995)
“A Portrait of the Artist as a Young, Middle-Aged, and Older Man” [with Geoffrey Lanyon]  (2000)
“Nonstationary Search” [with Robert Shimer]  (2000)

 
PAST REFEREE FOR:
 
All top five economics journals, almost all economic theory journals, many top economics field journals,   
M.I.T. Press, National Science Foundation, European Research Council, Canadian Social Science Research Council
 
OTHER PROFESSIONAL SERVICE:
 2010, Econometric Society, World Congress, program committee 
 
RESEARCH SEMINARS IN LAST DECADE
 
2014 Chicago, NYU, Princeton (all in April)
2013 Melbourne Business School,  UCLA, Philadelphia Federal Reserve Bank, Mexico (CIDE)
2012 Chicago (INET Inequality conference, plenary speaker), Harvard/MIT, Federal Reserve Bank of St. Louis,
Western Ontario (Departmental seminar)
2011
Georgetown, Stanford, Pittsbugh, Maryland, Cowles Economic Theory Conference (Yale)
2010
Texas, Illinois, Barcelona Jocs
2009
Montreal Economic Theory Seminar, Texas, Transatlantic Theory Workshop (Northwestern), Berkeley, Pennsylvania, “Financial Crisis” Conference (Michigan), Wisconsin
2008
Econometric Society Winter Meetings (Tulane), Michigan, Northwestern, GAMES 2008 Conference (Northwestern), Iowa State Department Seminar, Midwest Theory Conference (Ohio)
2007
Michigan, Bank of Canada, Arizona State, NBER/NSF General Equilibrium Theory Conference (Northwestern), Columbia
2006
Yale, Georgetown, Iowa, Coombs Conference in Mathematical Psychology (Michigan), Bonn Matching Conference, SED Conference (Vancouver), Cleveland Fed Conference, Michigan, Pennsylvania
2005 Princeton, Michigan
2004 Duke, NYU, Texas, SED Conference (Florence), Arizona State
2003 Econometric Society Summer Meetings (Northwestern), Rochester, I.T.A.M. (Mexico), Cambridge, UCL, LBS, LSE, Oxford, Wisconsin
2002 M.I.T., Berkeley, Caltech, UCLA, NBER/NSF Decentralization Conference (Georgetown), Northwestern, Econometric Society Summer Meetings (UCLA), Western Ontario, Michigan State
2001 Pennsylvania, Columbia, Cornell, Stanford

 
 TEACHING
 Undergraduate Microeconomic Theory, Economic Theory Topics
 Masters of Applied Economics  Microeconomics
 PhD core courses  Consumer/Producer Theory, Game Theory, Equilibrium and Markets
 PhD methods courses:  Mathematics for Economists, Stochastic Dynamic Optimization
 PhD field courses  Advanced Game Theory, Information and Uncertainty
 PhD seminars  Third Year Paper
 
 
PRIMARY SUPERVISOR OF PHD DISSERTATIONS OF:
 
PAST
Josh Cherry 2011 (game theory) first job: Northwestern / MEDS
KS Yoon 2008  (contract theory) first job: Korea Development Institute
Katya Malinova 2006  (finance theory) first job: Toronto
Pavlo Prokopovych 2005  (repeated games) first job: KEI and EERC-EROC, Kyiv, Ukraine
Axel Anderson 2002 (matching and learning) first job: Georgetown
Dmitry Davydov 2000 (finance theory) first job: Goldman Sachs
Max Amarante 1999 (repeated games) first job: Columbia
Julian Jamison 1998 (game theory) first job: Northwestern / MEDS
Peter Sørensen 1996 (Bayesian learning) first job: Copenhagen
 
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