The Economics of Suspense
IMAGINE the following situation. After a grueling day at work, you plop down in front of your TV, ready to relax. Your TiVo has recorded
Professor of Economics
Economics Researcher
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Statistical Techniques
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Mathematics Analysis
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About Jeffrey Ely
Jeff Ely is the Charles E. and Emma H. Morrison Professor of Economics at Northwestern University and an accomplished latte-artist. He is the director of the Program in Mathematical Methods in the Social Sciences at Northwestern, a member of several editorial boards and co-author of the blog Cheap Talk.
Research
Optimal Feedback in Contests Joint with George Georgiads,
Sina Khorasani and Luis Rayo
We derive optimal contests for environments where output takes the form of breakthroughs and the principal has an informational advan
Rotation as Contagion
Mitigation Joint with Andrea Galeotti and Jakub Steiner
We study rotation schemes that govern individuals’ activities within an organization during an epidemic. We optimize the
Optimal Test Allocation Joint with Jakub Steiner and
Andrea Galeotti
A health authority chooses a binary action for each of several individuals that differ in their pre-test probabilities of being infected and in the
Sequential Information Design Joint with Laura Doval
We study games of incomplete information as both the information structure and the extensive form vary. An analyst may know the payoff-
A Cake-Cutting Solution to Gerrymandering
I propose a mechanism for redistricting inspired by cake-cutting mechanisms for fair division. The majority party proposes a partition of a state into
Moving the Goalposts Joint with Martin Szydlowski
We study information as an incentive device in a dynamic moral hazard frame- work. An agent works on a task of uncertain difficulty, modeled
Beeps Jeff Ely
I introduce and study dynamic persuasion mechanisms. A principal privately observes the evolution of a stochastic process and sends messages over time to an agent.
Teaching
Intermediate Micro Course
I teach undergraduate intermediate microeconomics, a 10 week course that is the second in a two-part seqeunce at Northwestern University. I have developed a unique approach to intermediate micro based originally on a course designed by my former colleague Kim-Sau Chung.
Signal & Noise
Here’s the Best Way to Rotate Workers into Buildings to Curb the Spread of Covid19
Here’s the Best Way to Rotate Workers (or Students) into Buildings to Curb the Spread of Covid-19An excellent write-up by Kellogg Insight of my work
Purple Pricing Hits The Nail On The Head
A great write-up at Crain’s Chicago Business of the tremendoussuccess we had with Purple Pricing for the Northwestern-OhioState football game. A key quote: A great
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Videos
Invited Lecture by
Professor Jeffrey Ely on "Moving the Goalposts"
2017 Asian Meeting of the Econometric Society UCI Institute for Mathematical Behavioral Science
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