CURRICULUM VITAE


NAME: Yaw Nyarko


ADDRESS:

New York University
Department of Economics
269 Mercer Street, 7th Floor
New York, N.Y. 10003

TEL: 212-998-8928
e-mail: yaw.nyarko@nyu.edu
home page: www.nyarko.com

EDUCATION
B.A. (Economics and Mathematics), University of Ghana, 1982.
M.A. (Economics), Cornell University, 1985.
Ph.D. (Economics), Cornell University, 1986.

EMPLOYMENT
1992 (Fall) -presentProfessor of Economics with Tenure, New York University
1998,2000 (spring)Fellow, Cowles Foundation, Yale University
1999-00 Consultant, Social Science Research Council, Prog. in Applied Economics
1994 (December)Consultant, Institute of Empirical Economics, Mineapolis Fed. Res. Bank
1994 (Fall)Visiting Professor, Univ. of Pennsylvannia
1994 (Summer)Visiting Professor, University of Venice.
1988 (Fall) -1992Assistant Professor of Economics, New York University.
1991 (Summer)Visiting Fellow, I.A.E., Universitat Autonoma de Barcelona.
1986 - 1988Assistant Professor of Economics, Brown University.

FIELDS OF SPECIALIZATION Game Theory, Learning Theory, Human Capital Theory, Growth Theory.


PUBLICATIONS

I. Human Capital Theory/Labor Economics

  1. "Stepping Stone Mobility" with Boyan Jovanovic, Carnegie-Rochester Conference Series on Public Policy, June 1997, vol. 46, pp. 289-326.

  2. "Learning by Doing and the Choice of Technology," with Boyan Jovanovic, Econometrica, (1996), 64, 6, pp. 1299-1310.

  3. "A Bayesian Learning Model Fitted to a Variety of Empirical Learning Curves," with Boyan Jovanovic, Brookings Papers on Economic Activity: Microeconomics Issue (1), 1995, 247-299.

  4. "The Transfer of Human Capital," Journal of Economic Dynamics and Control with Boyan Jovanovic, 1995, 19, 1033-1064.

  5. "Research and Productivity," with Boyan Jovanovic, "Creation and Transfer of Knowledge: Institutions and Incentives" Forthcoming, Springer-Verlag.

    II. Experimental Economics

  6. "An Experimental Study of Belief Learning Using Real Beliefs," joint with Andy Schotter, Econometrica (Forthcoming, 2001). pdf icon for downloading

    III. Game Theory and Bayesian Learning Models

  7. "Bayesian Learning Without Common Priors and Convergence to Nash Equilibrium," Economic Theory 1998, 11(3), 643-656.

  8. "Convergence in Economic Models with Bayesian Hierarchies of Beliefs," Journal of Economic Theory 1997, 74(2), 266-296. pdf icon for downloading

  9. "Savage-Bayesians Play a Repeated Game," in "The Dynamics of Norms," (eds.) C. Bicchieri, R. Jeffrey, and B. Skyrms, Cambridge University Press, (1996).

  10. "Savage Bayesian Models of Economics," with N. Kiefer in "Essays in Learning and Rationality in Economics and Games" (eds.) A. Kirman and M. Salmon, Basil Blackell Press, (1995).

  11. "Bounded Rationality and Learning," with N. Yannelis and M. Woodford, Economic Theory, 1994, 4(6), 811-820.

  12. "Bayesian Learning in Leads to Correlated Equilibria in Normal Form games," Economic Theory, 1994, 4(6), 821-841.

  13. "On the Convexity of the Value Function in Bayesian Optimal Control Problems," Economic Theory, 1994, 4, 303-309.

  14. "Learning in Mis-Specified Models and the Possibility of Cycles," Journal of Economic Theory, 55, 416-427, 1991.

  15. "The Number of Equations Versus the Number of Unknowns: The convergence of Bayesian Posterior Processes," Journal of Economic Dynamics and Control, 15, 687-713, 1991.

  16. "Optimal Control of a Nonlinear Regression Process with Unknown Parameters," with N. Kiefer, Lecture Notes in Control and Information Sciences, Springer Verlag, 1989.

  17. "Optimal Control of an Unknown Linear Process with Learning" with N. Kiefer, International Economic Review, 30(3), pp. 571-586, 1989.

  18. "Control of a Linear Regression Process with Unknown Parameters," with N. Kiefer in "Dynamic Econometric Modelling" (eds). W. Barnet and H. White, Cambridge University Press, 1988.

    IV. Growth Theory

  19. "Optimal Growth with Unobservable Resources and Learning," with Lars Olson, Journal of Economic Behavior and Organization, May, 1996, vol 29, pp. 465-491.

  20. "The Stochastic Growth Model when Utility Depends on Both Consumption and the Stock Level," with Prof. Lars Olson, Economic Theory, 1994, 4, 791-797.

  21. "On the Existence of Optimal Processes in Non-stationary Environments" with T. Mitra, Zeitshrift fur Nationalokonomie, 53, 245-270, 1991.

  22. "Stochastic Dynamic Resource Models With Stock-Dependent Rewards," with L. Olson, Journal of Economic Theory, 55, 161-168, 1991.

  23. "Dynamic Optimization Under Uncertainty: Non-convex feasible set" with M. Majumdar and T. Mitra, in "Joan Robinson and Modern Economic Theory," (Ed.) G. R. Feiwel, MacMillan Press, New York, 1989.

  24. "On Characterizing the Optimality of Stochastic Competitive Processes" Journal of Economic Theory, 45(2), 316-329, 1988.

    Reprinted in "Decentralization in Infinite Horizon Economies," Edited by M. Majumdar, Westview Press, 1992.

    V. Miscellany

  25. Review of the book "Games, Strategies and Managers," by John McMillan, Journal of Economic Literature, XXXI, 890-891.

  26. Study Guide to accompany "Microeconomics: A Modern Approach," by A. Schotter, Harper Collins, 1994.

UNPUBLISHED WORKING PAPERS or PAPERS UNDER PREPARATION FOR SUBMISSION TO JOURNALS.

  1. "Learning, Quantal Response Equilibrium and Equilibrium in Beliefs," manuscript 2001. pdf icon for downloading

  2. "Comparing Learning Models With Ideal Micro-Experimental Data Sets," joint with Andy Schotter, manuscript 2000. pdf icon for downloading

  3. "The Truth is in the Eye of the Beholder: or Equilibrium in Beliefs and Rational Learning in Games ," Manuscript, 1998. pdf icon for downloading

  4. "The Content of Human Capital," with Boyan Jovanovic.

  5. "The Bayesian Foundations of Learning by Doing," with Boyan Jovanovic NBER Wroking Paper no. 4739, May 1994.

  6. "The Types of a Bayesian Equilibrium" C.V. Starr Working Paper #93-36, NYU.

  7. "The Savage-Bayesian Foundations of Economic Dynamics," C.V. Starr WP #93-35, NYU.

  8. "On Bayesian Learning in Optimal Control Problems," C.V. Starr Working Paper #90-02.

  9. "Most Games Violate the Harsanyi Doctrine," C.V. Starr Working Paper #91-39.

  10. "Bayes' Rational Equilibria" C.V. Starr Working Paper #89-05.

  11. "Learning and Agreeing-To-Disagree Without Common Priors," C.V. Starr WP #91-51, NYU.

AWARDS, GRANT AND FELLOWSHIP PROPOSALS

1998 - 2000National Science Foundation Grant #SBR-98118621, "An Experimental Study of Learning in Repeated Games Using Real Beliefs," (with. A. Schotter)
1998 - 2000National Science Foundation Grant #SBR-9810723, "Skills, Optimism and Growth: A Bayesian Analysis."
1995 - 1998National Science Foundation Grant #SBR-9422763, "Human Capital and Bayesian Information Theory" (with B. Jovanovic).
1992 -1993New York University Presidential Fellowship.
1991New York University Curricula Development Fund
1991New York University Challenge Fund
1984 - 1986Floyd Mundy Fellowship (Cornell)
1983 - 1984A.D. White Presidential Fellowship (Cornell)

EDITORSHIPS AND MEMBERSHIP IN PROFESSIONAL SOCIETIES
Associate Editor, Journal of Economic Theory;
Associate Editor, Economic Theory;
Member of Econometrics Society and the Society for Economic Dynamics and Control.

REFEREEING: Journal of Economic Theory, Review of Economic studies, International Economic Review, Journal of Economic Dynamics and Control, Journal of Political Economy, Economic Theory, National Science Foundation, etc, etc.


TEACHING

AT NEW YORK UNIVERSITY:

The Economics of Speculation (Graduate, Spring '94)
Econ. of Information and Uncertainty (Graduate, Fall '88, Spring '91, '92, '94).
Topics in Dynamic Economics and Growth (Graduate, Spring '89 and '90).
Microeconomic Theory (Graduate Core class: Each fall 1989-98).
Games, Decisions and Strategy (Undergrad.: Each Spring 1989-94.)
Societies and The Social Sciences: An Economics Perspective (Undergrad. Fall 1996-99)

AT BROWN UNIVERSITY:

Economics 205: Microecon. Theory (Graduate Core class, Fall 1987) Economics 202: Mathematics for Economists (Graduate, Spring 1988).
Economics 111 & 113: Principles of Microeconomics (Undergraduate level, fall 1986, fall and Spring 1987)
Economics 283: Dynamic Optimization and Economic Growth (Graduate level, Spring 1987 and 1988).