People

Dr Daniel Friedman

Professor
Department of Economics
Dr Daniel Friedman

Teaching and supervision

Current teaching responsibilities

  • Topics in Economic Theory (EC993)

Publications

Publications (1)

Duffy, J., Friedman, D., Rabanal, JP. and Rud, O., (2022). The Impact of ETF Index Inclusion on Stock Prices

Journal articles (93)

Friedman, D., Rabanal, JP., Rud, O. and Zhao, S., (2022). On the empirical relevance of correlated equilibrium. Journal of Economic Theory. 205, 105531-105531

Friedman, D., Habib, S., James, D. and Williams, B., (2022). Varieties of Risk Preference Elicitation. Games and Economic Behavior. 133, 58-76

Aldrich, EM. and Friedman, D., (2022). Order Protection Through Delayed Messaging. Management Science

Cason, T., Friedman, D. and Hopkins, E., (2021). An Experimental Investigation of Price Dispersion and Cycles. Journal of Political Economy. 0 (3), 789-841

Crockett, S., Friedman, D. and Oprea, R., (2021). Naturally occurring preferences and general equilibrium: a laboratory study. International Economic Review. 62 (2), 831-859

Friedman, D. and Zhao, S., (2021). When are mixed equilibria relevant?. Journal of Economic Behavior and Organization. 191, 51-65

Fan, J., Friedman, D., Gair, J., Iyer, S., Redlicki, B. and Velu, C., (2021). A Simulation Study of How Religious Fundamentalism Takes Root. Journal of Economic Behavior and Organization. 192, 465-481

Zhao, S., López Vargas, K., Friedman, D. and Gutierrez, M., (2020). UCSC LEEPS Lab Protocol for Online Economics Experiments

James, D., Friedman, D., Louie, C. and O'Meara, T., (2018). DISSECTING THE MONTY HALL ANOMALY. Economic Inquiry. 56 (3), 1817-1826

Bosch-Rosa, C., Aperjis, C., Friedman, D. and Huberman, BA., (2017). Intolerable nuisances: some laboratory evidence on survivor curve shapes. Experimental Economics. 20 (3), 601-621

Friedman, D., Magnani, J., Paranjpe, D. and Sinervo, B., (2017). Evolutionary games, climate and the generation of diversity.. PLoS One. 12 (8), e0184052-e0184052

Yan, H., Friedman, D. and Munro, D., (2016). An experiment on a core controversy. Games and Economic Behavior. 96, 132-144

Friedman, D., Huck, S., Oprea, R. and Weidenholzer, S., (2015). From imitation to collusion: Long-run learning in a low-information environment. Journal of Economic Theory. 155 (C), 185-205

Friedman, D. and Sákovics, J., (2015). Tractable consumer choice. Theory and Decision. 79 (2), 333-358

Rabanal, J. and Friedman, D., (2015). How Moral Codes Evolve in a Trust Game. Games. 6 (2), 150-160

Aperjis, C., Bosch-Rosa, C., Friedman, D. and Huberman, BA., (2014). Boiling the frog optimally: An experiment on survivor curve shapes and internet revenue. HP Laboratories Technical Report (55), 1-25

Oprea, R., Charness, G. and Friedman, D., (2014). Continuous time and communication in a public-goods experiment. Journal of Economic Behavior & Organization. 108, 212-223

Rabanal, JP. and Friedman, D., (2014). Incomplete Information, Dynamic Stability and the Evolution of Preferences: Two Examples. Dynamic Games and Applications. 4 (4), 448-467

Cason, TN., Friedman, D. and Hopkins, ED., (2014). Cycles and Instability in a Rock-Paper-Scissors Population Game: A Continuous Time Experiment. The Review of Economic Studies. 81 (1), 112-136

Pettit, J., Friedman, D., Kephart, C. and Oprea, R., (2014). Software for continuous game experiments. Experimental Economics. 17 (4), 631-648

Friedman, D. and Ostrov, DN., (2013). Evolutionary dynamics over continuous action spaces for population games that arise from symmetric two-player games. Journal of Economic Theory. 148 (2), 743-777

Friedman, D. and Oprea, R., (2012). A Continuous Dilemma. American Economic Review. 102 (1), 337-363

Chakravarty, S., Friedman, D., Gupta, G., Hatekar, N., Mitra, S. and Sunder, S., (2011). Experimental economics: A survey. Economic and Political Weekly. 46 (35), 39-40

Oprea, R., Henwood, K. and Friedman, D., (2011). Separating the Hawks from the Doves: Evidence from continuous time laboratory games. Journal of Economic Theory. 146 (6), 2206-2225

Friedman, D. and Sunder, S., (2011). Risky Curves: From Unobservable Utility to Observable Opportunity Sets. Cowles Foundation Discussion Paper (1819)

Cason, TN., Friedman, D. and Hopkins, E., (2010). Testing the TASP: An experimental investigation of learning in games with unstable equilibria. Journal of Economic Theory. 145 (6), 2309-2331

Feldman, T. and Friedman, D., (2010). Human and Artificial Agents in a Crash-Prone Financial Market. Computational Economics. 36 (3), 201-229

Cassar, A., Friedman, D. and Schneider, PH., (2010). A Laboratory Investigation of Networked Markets. The Economic Journal. 120 (547), 919-943

Friedman, D., (2010). Preferences, beliefs and equilibrium: What have experiments taught us?. Journal of Economic Behavior & Organization. 73 (1), 29-33

Anderson, ST., Friedman, D. and Oprea, R., (2010). Preemption Games: Theory and Experiment. American Economic Review. 100 (4), 1778-1803

Friedman, D. and Ostrov, DN., (2010). Gradient dynamics in population games: Some basic results. Journal of Mathematical Economics. 46 (5), 691-707

Friedman, D. and Abraham, R., (2009). Bubbles and crashes: Gradient dynamics in financial markets. Journal of Economic Dynamics and Control. 33 (4), 922-937

OPREA, R., FRIEDMAN, D. and ANDERSON, ST., (2009). Learning to Wait: A Laboratory Investigation. Review of Economic Studies. 76 (3), 1103-1124

Cassar, A., Friedman, D. and Schneider, PH., (2009). Cheating in markets: A laboratory experiment. Journal of Economic Behavior & Organization. 72 (1), 240-259

Cheung, Y-W. and Friedman, D., (2009). Speculative attacks: A laboratory study in continuous time. Journal of International Money and Finance. 28 (6), 1064-1082

Friedman, D. and Singh, N., (2009). Equilibrium vengeance. Games and Economic Behavior. 66 (2), 813-829

Cheung, Y-W. and Friedman, D., (2009). Speculative Attacks: A Laboratory Study in Continuous Time. Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP (07)

Cox, JC., Friedman, D. and Sadiraj, V., (2008). Revealed Altruism. Econometrica. 76 (1), 31-69

Friedman, D. and Ostrov, DN., (2008). Conspicuous consumption dynamics. Games and Economic Behavior. 64 (1), 121-145

Feldman, T. and Friedman, D., (2008). Humans, Robots and Market Crashes: A Laboratory Study

Friedman, D. and Yan, H., (2008). An Experiment on the Core

Friedman, D., Pommerenke, K., Lukose, R., Milam, G. and Huberman, BA., (2007). Searching for the sunk cost fallacy. Experimental Economics. 10 (1), 79-104

Friedman, D., (2007). Market theories evolve, and so do markets. Journal of Economic Behavior & Organization. 63 (2), 247-255

Cox, JC., Friedman, D. and Gjerstad, S., (2007). A tractable model of reciprocity and fairness. Games and Economic Behavior. 59 (1), 17-45

Zhan, W. and Friedman, D., (2007). Markups in double auction markets. Journal of Economic Dynamics and Control. 31 (9), 2984-3005

Friedman, D. and Wittman, D., (2007). Litigation with Symmetric Bargaining and Two-Sided Incomplete Information. Journal of Law, Economics, and Organization. 23 (1), 98-126

Friedman, D., (2007). Cheating in Markets: A Methodological Exploration. Lecture Notes in Economics and Mathematical Systems. 590, 101-118

Cason, TN., Friedman, D. and Wagener, F., (2005). The dynamics of price dispersion, or Edgeworth variations. Journal of Economic Dynamics and Control. 29 (4), 801-822

Cox, JC., Friedman, D. and Sadiraj, V., (2005). Revealed Altruism

Kluger, B. and Friedman, D., (2005). Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem

Friedman, D. and Singh, N., (2004). Negative reciprocity. Evolution and Human Behavior. 25 (3), 155-173

Anderson, S., Friedman, D., Milam, G. and Singh, N., (2004). Seller Strategies on eBay

Anderson, S., Friedman, D., Milam, G. and Singh, N., (2004). Buy it Now: A Hybrid Internet Market Institution

Cason, TN., Friedman, D. and Milam, GH., (2003). Bargaining versus posted price competition in customer markets. International Journal of Industrial Organization. 21 (2), 223-251

Cason, TN. and Friedman, D., (2003). Buyer search and price dispersion:a laboratory study. Journal of Economic Theory. 112 (2), 232-260

Kelley, H. and Friedman, D., (2002). LEARNING TO FORECAST PRICE. Economic Inquiry. 40 (4), 556-573

Chakravarti, D., Greenleaf, E., Sinha, A., Cheema, A., Cox, JC., Friedman, D., Ho, TH., Isaac, RM., Mitchell, AA., Rapoport, A., Rothkopf, MH., Srivastava, J. and Zwick, R., (2002). Auctions: Research Opportunities in Marketing. Marketing Letters. 13 (3), 281-296

Cason, TN. and Friedman, D., (2002). A Laboratory Study of Customer Markets. The B.E. Journal of Economic Analysis & Policy. 2 (1), 1-45

Friedman, D., (2001). Towards evolutionary game models of financial markets. Quantitative Finance. 1 (1), 177-185

Friedman, D. and Yellin, J., (2000). Castles in Tuscany: The Dynamics of Rank Dependent Consumption

Cason, T. and Friedman, D., (1999). Customer search and market power: some laboratory evidence. Advances in Applied Microeconomics. 8, 71-99

Friedman, D., (1998). Evolutionary economics goes mainstream: A review of the theory of learning in games. Journal of Evolutionary Economics. 8 (4), 423-432

Kitzis, SN., Kelley, H., Berg, E., Massaro, DW. and Friedman, D., (1998). Broadening the Tests of Learning Models. Journal of Mathematical Psychology. 42 (2-3), 327-355

Friedman, D., (1998). On economic applications of evolutionary game theory. Journal of Evolutionary Economics. 8 (1), 15-43

Rich, CS. and Friedman, D., (1998). The Matching Market Institution: A Laboratory Investigation. American Economic Review. 88 (5), 1311-1322

Cheung, Y-W. and Friedman, D., (1998). A comparison of learning and replicator dynamics using experimental data. Journal of Economic Behavior & Organization. 35 (3), 263-280

Friedman, D. and Massaro, DW., (1998). Understanding variability in binary and continuous choice. Psychonomic Bulletin & Review. 5 (3), 370-389

Friedman, D., (1998). Monty Hall's Three Doors: Construction and Deconstruction of a Choice Anomaly. American Economic Review. 88 (4), 933-946

Cheung, Y-W. and Friedman, D., (1997). Individual Learning in Normal Form Games: Some Laboratory Results. Games and Economic Behavior. 19 (1), 46-76

Wittman, D., Friedman, D., Crevier, S. and Braskin, A., (1997). Learning Liability Rules. The Journal of Legal Studies. 26 (1), 145-162

Cason, TN. and Friedman, D., (1997). Price Formation in Single Call Markets. Econometrica. 65 (2), 311-311

Friedman, D. and Fung, KC., (1996). International trade and the internal organization of firms: An evolutionary approach. Journal of International Economics. 41 (1-2), 113-137

Friedman, D., (1996). Equilibrium in Evolutionary Games: Some Experimental Results. The Economic Journal. 106 (434), 1-1

Cason, TN. and Friedman, D., (1996). Price formation in double auction markets. Journal of Economic Dynamics and Control. 20 (8), 1307-1337

Friedman, D. and Wittman, D., (1995). Why voters vote for incumbents but against incumbency: A rational choice explanation. Journal of Public Economics. 57 (1), 67-83

Friedman, D., Massaro, DW., Kitzis, SN. and Cohen, MM., (1995). A Comparison of Learning Models. Journal of Mathematical Psychology. 39 (2), 164-178

Friedman, D., (1993). HOW TRADING INSTITUTIONS AFFECT FINANCIAL MARKET PERFORMANCE: SOME LABORATORY EVIDENCE. Economic Inquiry. 31 (3), 410-435

Friedman, D., (1993). Privileged Traders and Asset Market Efficiency: A Laboratory Study. The Journal of Financial and Quantitative Analysis. 28 (4), 515-515

Friedman, D. and Aoki, M., (1992). INEFFICIENT INFORMATION AGGREGATION AS A SOURCE OF ASSET PRICE BUBBLES. Bulletin of Economic Research. 44 (4), 251-279

COPELAND, TE. and FRIEDMAN, D., (1991). Partial Revelation of Information in Experimental Asset Markets. The Journal of Finance. 46 (1), 265-295

Massaro, DW. and Friedman, D., (1991). Adaptive rationality and identifiability of psychological processes. Behavioral and Brain Sciences. 14 (3), 499-501

Friedman, D., (1991). A simple testable model of double auction markets. Journal of Economic Behavior & Organization. 15 (1), 47-70

Massaro, DW. and Friedman, D., (1990). Models of integration given multiple sources of information.. Psychological Review. 97 (2), 225-252

Friedman, D., (1989). Producers' markets. Journal of Economic Behavior & Organization. 11 (3), 381-398

COPELAND, TE. and FRIEDMAN, D., (1987). The Effect of Sequential Information Arrival on Asset Prices: An Experimental Study. The Journal of Finance. 42 (3), 763-797

Friedman, D., (1986). Two microdynamic models of exchange. Journal of Economic Behavior & Organization. 7 (2), 129-146

Friedman, D. and Aoki, M., (1986). Asset price bubbles from poorly aggregated information. Economics Letters. 21 (1), 49-52

Friedman, D., (1985). Experimental economics: Comment (2). American Economic Review. 75 (1), 264-

Friedman, D., (1983). Effective Scoring Rules for Probabilistic Forecasts. Management Science. 29 (4), 447-454

Friedman, D. and Vandersteel, S., (1982). Short-run fluctuations in foreign exchange rates. Journal of International Economics. 13 (1-2), 171-186

FRIEDMAN, D., (1981). Makin's MARP A Comment. The Journal of Finance. 36 (3), 739-741

Stern, D. and Friedman, D., (1980). Short-run behavior of labor productivity: tests of the motivation hypothesis. Journal of Behavioral Economics. 9 (2), 89-105

Friedman, D., (1979). Money-mediated disequilibrium processes in a pure exchange economy. Journal of Mathematical Economics. 6 (2), 149-167

Books (8)

Friedman, D. and Sinervo, B., (2016). Evolutionary Games in Natural, Social, and Virtual Worlds. 9780199981151

Friedman, D., Isaac, RM., James, D. and Sunder, S., (2014). Risky curves: On the empirical failure of expected utility. Routledge. 9781315819891

Friedman, D. and McNeill, D., (2013). Morals and Markets. Palgrave Macmillan US. 9781137282583

Friedman, D., (2008). Morals and Markets. Palgrave Macmillan US. 9781349370511

Cason, TN. and Friedman, D., (2008). Chapter 33 A Comparison of Market Institutions. Elsevier

Friedman, D. and Rich, C., (2008). Chapter 13 The Matching Market Institution. Elsevier

Kelley, H. and Friedman, D., (2008). Chapter 35 Learning to Forecast Rationally. Elsevier

Bouchez, N. and Friedman, D., (2008). Chapter 53 Equilibrium Convergence in Normal Form Games. Elsevier

Book chapters (5)

(2016). Routledge Handbook of Behavioral Economics. In: Routledge Handbook of Behavioral Economics. Routledge. 336- 347. 9781138821149

(2013). Qualitative Mathematics for the Social Sciences. In: Qualitative Mathematics for the Social Sciences: Mathematical Models for Research on Cultural Dynamics. Routledge. 321- 342. 9780203100806

(2010). Computable, Constructive & Behavioural Economic Dynamics. In: Computable Constructive and Behavioural Economic Dynamics: Essays in Honour of Kumaraswamy (Vela) Velupillai. Routledge. 416- 431. 0203860144. 9780203860144

Abraham, R., Feldman, T. and Friedman, D., (2010). Bubbles and crashes: A cyborg approach. In: Computable, Constructive and Behavioural Economic Dynamics: Essays in honour of Kumaraswamy (Vela) Velupillai. 416- 431. 9780203860144

Friedman, D. and Singh, N., (2004). Vengefulness Evolves in Small Groups. In: Advances in Understanding Strategic Behaviour. Palgrave Macmillan UK. 28- 54. 9781403941671

Conferences (4)

Zhao, Q., Zhang, Y., Zhang, Y. and Friedman, D., (2017). Multi-Product Utility Maximization for Economic Recommendation

Zhang, Y., Zhao, Q., Zhang, Y., Friedman, D., Zhang, M., Liu, Y. and Ma, S., (2016). Economic Recommendation with Surplus Maximization

Zhao, Q., Zhang, Y., Friedman, D. and Tan, F., (2015). E-commerce Recommendation with Personalized Promotion

Friedman, D. and Huberman, B., (2004). Internet congestion: A laboratory experiment

Reports and Papers (2)

Friedman, D., Gu, GW. and Zheng, VJ., (2022). Private Information, Asset Price Volatility, and Liquidity

Aldrich, EM. and Friedman, D., (2019). Order Protection through Delayed Messaging

Scholarly Editions (4)

Friedman, D., Huck, S., Oprea, R. and Weidenholzer, S., From Imitation to Collusion: Long-run Learning in a Low-Information Environment

McLaughlin, K. and Friedman, D., (2016). Online Ad Auctions: An Experiment

Friedman, D., Huck, S., Oprea, R. and Weidenholzer, S., (2012). From imitation to collusion: Long-run learning in a low-information environment

Friedman, D., Huck, S., Oprea, R. and Weidenholzer, S., (2012). From imitation to collusion: Long-run learning in a low-information environment

Contact

df20392@essex.ac.uk

Location:

Colchester Campus

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