Gary Bolton

O. P. Jindal Distinguished Chair
Distinguished Professor - Management
Tags: Financial & Managerial Economics

Professional Preparation

Ph.D. - Economics
Carnegie Mellon University - 1990
M.A. - Mathematics
University of California, Berkeley - 1985
B.A. - Economic and Mathematics
Drew University - 1983

Research Areas


Decision-making: negotiation, cooperation, trust, reputation building, social utility, strategic learning. Economic design: market trust systems and negotiation decision support. Methods: experimental (lab) economics, game theory.


Bolton and Elena Katok, Learning-by-doing in the newsvendor problem: A Laboratory  investigation of the role of experience and feedback, Manufacturing and Services Operations Management, 2008, 10, 519-538. 2008 - Publication
Bolton, Claudia Loebbecke and Axel Ockenfels, How social reputation networks  interact with competition in online trading: An experimental study,  Journal of  Management Information Systems, 2008, 25, 145-169. 2008 - Publication
DeBruyn, Arnaud and Bolton, Estimating the influence of fairness on bargaining  behavior, Management Science, 2008, 54, 1774-1791. 2008 - Publication
Bolton and Axel Ockenfels, Inequality aversion, efficiency, and maximin preferences  in simple distribution experiments,  American Economic Review, 2006, 96, 1906- 1911. 2006 - Publication
Roulston, Mark, Bolton, Andrew Kleit, Addison Sears-Collins (2006), “A laboratory study of the benefits of including uncertainty information in weather forecasts,”  Weather and Forecasting, 2006, 21, 116-122. 2006 - Publication
Bolton, Jordi Brandts and  Axel Ockenfels, Fair procedures: Evidence from games  involving lotteries, Economics Journal, 2005, 115, 1054-1076. 2005 - Publication
  Bolton, Elena Katok and Axel Ockenfels, Cooperation among strangers with limited  information about reputation, Journal of Public Economics, 2005, 89, 1457-1468. 2005 - Publication
  Bolton and Axel Ockenfels, A stress test of fairness measures in models  of social  utility, Economic Theory, 2005, 25, 957-82. 2005 - Publication
  Bolton, Katok and  Ockenfels, How effective are electronic reputation mechanisms?  An experimental investigation, Management Science, 2004, 50, 1587-1602. 2004 - Publication
  Bolton, Kalyan Chatterjee and Kathleen McGinn, How communication links influence  coalition bargaining: A laboratory investigation,  Management Science, 2003, 49,  583-598. 2003 - Publication


University of Texas at Dallas [2012–Present]
Chair Professor
University of Texas at Dallas [2012–Present]
Jindal School of Management
Visiting Professor
University of Cologne [2007–2018]
Visiting Professor
Harvard University [2001–2002]
Visiting Fellow
Center for Interdisciplinary Research (ZiF), Germany [2000–2018]
Visiting Scholar
Chinese University of Hong Kong [1999–2018]
Visiting Scholar
California Institute of Technology [1998–2018]
Visiting Scholar
University of Bonn [1995–2018]
Visiting Scholar
Institute of Econmic Analysis (IAE), Barcelona [1995–2018]
Schwartz Professor
Penn State University [1990–2012]

Additional Information

Professional Organizations
  • Institute for Operations Research and Management Science (INFORMS)
  • American Economic Association (AEA)
  • Economic Science Association (ESA)
Awards and Recognition
  • Pennsylvania State University, MBA Core Instructor Award, 1996-7, 1998-9 & 1999-2000, 2010-2011
  • Carnegie Mellon University, Outstanding Undergraduate Instructor Award, 1989-90

News Articles

Early Interest in Economics Inspired Profs Career and Research
When Dr. Gary Bolton started college, inflation was at its highest point in decades. U.S. manufacturing was on the decline. And an oil shortage forced rising gas prices and long lines at the pump. “As a kid growing up in the ‘70s, I would read the newspaper and wonder why the economy was so messed up,” he said. Bolton’s interest in the economic conditions as a youth inspired an academic career that has been distinguished by prestigious academic appointments, multiple National Science Foundation grants, dozens of articles in top economic journals and speaking engagements around the world. Last fall, Bolton, a professor of managerial economics, was named O.P. Jindal Chair and co-director of the Center and Laboratory for Behavioral Operations and Economics in the Naveen Jindal School of Management. He runs the center with Dr. Elena Katok, his wife, an Ashbel Smith Professor of Operations Management.
Study: Social Responsibility Promotes Conservative Risk Behavior
Individuals make more conservative choices when the decisions they make affect other people, according to a new study from The University of Texas at Dallas.

Dr. Gary Bolton, a professor of managerial economicsand the O.P. Jindal Chair in the Naveen Jindal School of Management, is the lead author of the study, which was recently published in the European Economic Review. Bolton said he and his co-authors wanted to explore the effects social preferences have in risk-taking.
Jindal School Professor Offers Insights on Internet Trading Feedback
People are usually surprised that as many as 70 percent of participants on Internet trading sites provide feedback about their experiences, Dr. Gary Bolton said in his keynote address during the 26th Workshop on Information Systems and Economics (WISE)

“Most people seem to think it’s like 10 percent, something like that,” he said. “A lot of feedback is offered through these systems.” 

WISE, hosted recently by the Naveen Jindal School of Management, focused on the economic consequences of information technology advances and innovation. 


American Economic Association