3-year post-doc at Erasmus University Rotterdam (NL)

The behavioral economics group at Erasmus University Rotterdam in the Netherlands (https://www.eur.nl/ese/behec/) is offering a 3-year postdoc position, starting January 1, 2018 (or before).

Your profile
• You have completed your PhD (or will do so before the starting date) in economics, decision theory, or mathematical psychology.
• You are a theorist with some interest in data collection (experiments, surveys).
• You work in at least one of the following fields: decision theory / game theory / information theory / mechanism design.
• It is a pro if you have shown interest in at least one of the following topics: expertise / wisdom of the crowd / truth telling.

The project
The postdoc is part of an ERC Starting Grant.
Principal investigator (PI): Aurélien Baillon, http://aurelienbaillon.com/
You will be working with two PhD students, one other postdoc, and the PI and you will be part of the behavioral economics group at Erasmus University Rotterdam (https://www.eur.nl/ese/behec/). You will have your own travelling budget for conferences and research visits (€4000 per year).
Three key papers for the project are:

Prelec, D. (2004). A Bayesian truth serum for subjective data. Science, 306(5695), 462-466.

Prelec, D., Seung, H. S., & McCoy, J. (2017). A solution to the single-question crowd wisdom problem. Nature, 541(7638), 532-535.

Baillon, A. (2017). Bayesian markets to elicit private information. Proceedings of the National Academy of Sciences, 114(30), 7958–7962.

Employment conditions
You will be hired for 3 years, starting on January 1, 2018 at the latest.
You will be paid according to scale 11.0 from:
(The document indicates gross salaries. Every year, the gross salary increases by one step, to 11.1 in the second year, and 11.2 in the third year.)
If applicable, we will apply for the 30% tax rule for you. See:
General conditions of employment can be found here: https://www.eur.nl/english/staff/employment_conditions/

Application procedure
Deadline August 20, 2017
Please send:
1. Your cv, including:
i) a link to your website;
ii) at the end of your cv: the contact details of two persons who can recommend you.
2. One paper representing your work (e.g., your job market paper).
Send these documents to Ms. Ettekoven-de Vaal te-officemanagement@ese.eur.nl
with the Subject: “Application postdoc – behavioral economics”

Bayesian market paper in PNAS (Early Edition)

Title: Bayesian markets to elicit private information
Abstract: Financial markets reveal what investors think about the future, and prediction markets are used to forecast election results. Could markets also encourage people to reveal private information, such as subjective judgments (e.g., “Are you satisfied with your life?”) or unverifiable facts? This paper shows how to design such markets, called Bayesian markets. People trade an asset whose value represents the proportion of affirmative answers to a question. Their trading position then reveals their own answer to the question. The results of this paper are based on a Bayesian setup in which people use their private information (their “type”) as a signal. Hence, beliefs about others’ types are correlated with one’s own type. Bayesian markets transform this correlation into a mechanism that rewards truth telling. These markets avoid two complications of alternative methods: they need no knowledge of prior information and no elicitation of metabeliefs regarding others’ signals.

Thank you

Thank you, Aurelien, for the wonderful workshop and for setting up this web site!


Researchers working on mechanisms related to the Bayesian truth-serum, peer prediction, and the surprisingly popular algorithm can now post updates about their research on this website.