b. 1955
Dražen Prelec is a Croatian-American behavioral economist and cognitive scientist at MIT, known for foundational work on decision theory, self-signaling, and the psychology of choice. His research spans intertemporal choice, the Bayesian Truth Serum for eliciting honest information from crowds, and rationality in game theory.
Developed the Bayesian Truth Serum for eliciting truthful subjective information
Co-authored influential work on hyperbolic discounting and intertemporal choice
Advanced the theory of self-signaling in decision-making
Contributed to foundational critiques of backward induction in extensive-form games
Sloan Distinguished Professor at MIT Sloan School of Management