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.


  Fong, Duncan K. H., Scott E. Pammer, Steven F. Arnold and Bolton, Reanalyzing  ultimatum bargaining: Comparing nondecreasing curves without shape constraints,  Journal of Business and Economic Statistics, 2002, 20, 423-430.   2002 - Publication
  Abbink, Klaus, Bolton, Karim Sadrieh and  Fang-Fang Tang, Learning versus  punishment in ultimatum bargaining, Games & Economic Behavior, 2001, 37, 1-25. 2001 - Publication
  Bolton and Axel Ockenfels, ERC: A theory of equity, reciprocity and competition, American Economic Review, 2000, 90, 166-193. 2000 - Publication
  Bolton, Elena Katok and Rami Zwick, Dictator game giving: Rules of fairness versus  acts of kindness, International Journal of Game Theory, 1998, 27, 269-299. 1998 - Publication
  Bolton and Axel Ockenfels, Strategy and equity: An ERC-analysis of the Güth-van  Damme game, Journal of Mathematical Psychology, 1998, 42, 215-226. 1998 - Publication
  Bolton and Elena Katok, Reinterpreting arbitration's narcotic effect: An experimental  investigation, Games and Economic Behavior, 1998, 25, 1-33. 1998 - Publication
  Bolton, Jordi Brandts and  Axel Ockenfels, Measuring motivation in the reciprocal  responses observed in a dilemma game,  Experimental Economics, 1998, 1, 207- 220. 1998 - Publication
  Bolton and Rami Zwick, Anonymity versus punishment in ultimatum bargaining,  Games and Economic Behavior, 1995, 10, 95-121. 1995 - Publication
  Bolton, A comparative model of bargaining: Theory and evidence,  American  Economic Review, 1991, 81, 1096-1136. 1991 - 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