Tue, 2016-08-09 17:26 -- Carey Carothers
First Name: 
A Willis Robertson Professor of Political Economy
Computing ID: 
Office Address: 

Monroe Hall, Room 238

Bachelor of Arts (BA), Washington & Lee University
Master of Science (MS), Carnegie Mellon University
Doctor of Philosophy (PhD), Carnegie Mellon University

Charles Holt was a founding co-editor and advisory editor of the journal, Experimental Economics.  His research pertains to measures of risk aversion and subjective beliefs, and studies of strategic behavior, using a mix of game theory and laboratory experiment.   He has worked on auction design projects for the FCC, the Regional Greenhouse Gas Initiative, and the NY Federal Reserve Bank.  Current research is focused on asset market bubbles and bounded rationality (quantal response equilibrium).  He is the director of the Veconlab (Google “veconlab admin”) and does all programming for that free online site.  He received the 2018 Thomas Jefferson Award for Scholarship, and the 2008 Kenneth G. Elzinga Teaching Award.


Research Interests: 
Experimental economics, mathematical economics
Curriculum Vitae: 
Office Hours: 
Zoom: Monday and Wednesday 11:30am - 12:30pm or by appointment
Selected Publications: 

Selected Publications

  •  “Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,” (with Jacob Goeree) American Economic Review, December 2001, 1402-1422.
  • “Risk Aversion and Incentive Effects” (with Susan Laury) American Economic Review, December 2002, 92: 1644-55.
  • “The Nash Equilibrium: A Perspective” (with Al Roth) Proceedings of the National Academy of Sciences, USA, March 2004, 101(12) pp. 3999-4002.
  • Quantal Response Equilibrium: A Stochastic Theory of Games, (with Jacob Goeree and Thomas Palfrey), Princeton University Press, 2016.
  • “Price Bubbles, Gender, and Expectations in Experimental Asset Markets,” (with Megan Porzio and Michelle Song) European Economic Review, 2017, 100, 72-94.
  • Markets, Games, and Strategic Behavior: An Introduction to Experimental Economics, Princeton University Press, 2019.