Department: Department of Economics, Sloan School of Management
Phone: (617) 253-2833
Professor Drazen Prelec has been a member of the MIT faculty since 1991, and presently holds the Digital Equipment Corporation LGO Chair in Management and Economics. He has appointments at the Sloan School, the Department of Economics, and the Department of Brain and Cognitive Sciences. He received his Ph.D. in experimental psychology and AB in applied mathematics from Harvard University, and has taught Managerial Economics at Harvard Business School before joining MIT. He is mainly known for his research on behavioral departures from rational choice and, more recently, for work on the neuroscience of economic and financial decisions. Topics of longstanding interest include the psychology of pricing, credit card misuse, impatience and financial well-being, risky choice, addictive consumption, self-control, and the economic impact of religious traditions and beliefs. His research activities were recognized by several awards and fellowships, including those from the Harvard Society of Fellows, the John Simon Guggenheim Foundation, Russell Sage Foundation, the Center for Advanced Study in the Behavioral Sciences (Stanford) and the Institute for Advanced Study (Princeton).