Academic Appointments

  • Professor Emeritus, Economics

Contact

  • Academic
    Kreps@stanford.edu
    University - Emeritus faculty Department: Graduate School of Business - Faculty Position: Emeritus Faculty, Acad Council
    • Faculty East Building E312
    • 655 Knight Way
    • Stanford,  California  94305-7298 
    (650) 725-6125 (fax)
    University - Staff Department: Graduate School of Business - Faculty Position: Fac Ret Replacement Teaching (650) 725-6125 (fax)

Additional Info

  • Mail Code: 4800

2022-23 Courses

All Publications

  • Asymptotic synthesis of contingent claims with controlled risk in a sequence of discrete-time markets THEORETICAL ECONOMICS Kreps, D. M., Schachermayer, W. 2021; 16 (1): 25–47

    View details for DOI 10.3982/TE4034

    View details for Web of Science ID 000609885100002

  • Convergence of optimal expected utility for a sequence of discrete-time markets. Mathematical finance Kreps, D. M., Schachermayer, W. 2020; 30 (4): 1205-1228

    Abstract

    We examine Kreps' conjecture that optimal expected utility in the classic Black-Scholes-Merton (BSM) economy is the limit of optimal expected utility for a sequence of discrete-time economies that "approach" the BSM economy in a natural sense: The nth discrete-time economy is generated by a scaled n-step random walk, based on an unscaled random variable ζ with mean 0, variance 1, and bounded support. We confirm Kreps' conjecture if the consumer's utility function U has asymptotic elasticity strictly less than one, and we provide a counterexample to the conjecture for a utility function U with asymptotic elasticity equal to 1, for ζ such that E [ ζ 3 ] > 0 .

    View details for DOI 10.1111/mafi.12277

    View details for PubMedID 33041535

    View details for PubMedCentralID PMC7540176

  • Choosing a good toolkit, II: Bayes-rule based heuristics JOURNAL OF ECONOMIC DYNAMICS & CONTROL Francetich, A., Kreps, D. 2020; 111

    View details for DOI 10.1016/j.jedc.2019.103814

    View details for Web of Science ID 000512481400002

  • Choosing a good toolkit, I: Prior-free heuristics JOURNAL OF ECONOMIC DYNAMICS & CONTROL Francetich, A., Kreps, D. 2020; 111

    View details for DOI 10.1016/j.jedc.2019.103813

    View details for Web of Science ID 000512481400001

  • Bayesian inference does not lead you astray ... on average ECONOMICS LETTERS Francetich, A., Kreps, D. 2014; 125 (3): 444-446

    View details for DOI 10.1016/j.econlet.2014.10.022

    View details for Web of Science ID 000347604000028

  • Rules with Discretion and Local Information QUARTERLY JOURNAL OF ECONOMICS Bowen, T. R., Kreps, D. M., Skrzypacz, A. 2013; 128 (3): 1273-1320

    View details for DOI 10.1093/qje/qjt013

    View details for Web of Science ID 000321462000007

  • Consistent human resource practices CALIFORNIA MANAGEMENT REVIEW Baron, J. N., KREPS, D. M. 1999; 41 (3): 29-?

    View details for Web of Science ID 000080295300003

  • Intrinsic motivation and extrinsic incentives 109th Meeting of the American-Economic-Association KREPS, D. M. AMER ECONOMIC ASSOC. 1997: 359–64

    View details for Web of Science ID A1997XB09100075

  • Economics - The current position DAEDALUS KREPS, D. M. 1997; 126 (1): 59-85

    View details for Web of Science ID A1997WG19000004

  • LEARNING IN EXTENSIVE-FORM GAMES .1. SELF-CONFIRMING EQUILIBRIA Nobel Symposium on Game Theory Fudenberg, D., KREPS, D. M. ACADEMIC PRESS INC JNL-COMP SUBSCRIPTIONS. 1995: 20–55

    View details for Web of Science ID A1995QG07000004

  • LEARNING MIXED EQUILIBRIA GAMES AND ECONOMIC BEHAVIOR Fudenberg, D., KREPS, D. M. 1993; 5 (3): 320-367

    View details for Web of Science ID A1993LN68500002

  • ON INTERTEMPORAL PREFERENCES IN CONTINUOUS-TIME - THE CASE OF CERTAINTY JOURNAL OF MATHEMATICAL ECONOMICS HINDY, A., Huang, C. F., KREPS, D. 1992; 21 (5): 401-440

    View details for Web of Science ID A1992JT12500001

  • REPEATED GAMES WITH LONG-RUN AND SHORT-RUN PLAYERS REVIEW OF ECONOMIC STUDIES Fudenberg, D., KREPS, D. M., MASKIN, E. S. 1990; 57 (4): 555-573

    View details for Web of Science ID A1990EE16300002

  • ON THE ROBUSTNESS OF EQUILIBRIUM REFINEMENTS JOURNAL OF ECONOMIC THEORY Fudenberg, D., KREPS, D. M., Levine, D. K. 1988; 44 (2): 354-380

    View details for Web of Science ID A1988N596100009

  • IN HONOR OF GROSSMAN,SANDY, WINNER OF THE CLARK,JOHN,BATES MEDAL JOURNAL OF ECONOMIC PERSPECTIVES KREPS, D. M. 1988; 2 (2): 111-135

    View details for Web of Science ID A1988N598000007

  • STRUCTURAL CONSISTENCY, CONSISTENCY, AND SEQUENTIAL RATIONALITY ECONOMETRICA KREPS, D. M., Ramey, G. 1987; 55 (6): 1331-1348

    View details for Web of Science ID A1987M272400004

  • REPUTATION IN THE SIMULTANEOUS PLAY OF MULTIPLE OPPONENTS REVIEW OF ECONOMIC STUDIES Fudenberg, D., KREPS, D. M. 1987; 54 (4): 541-568

    View details for Web of Science ID A1987K418000002

  • SIGNALING GAMES AND STABLE EQUILIBRIA QUARTERLY JOURNAL OF ECONOMICS Cho, I. K., KREPS, D. M. 1987; 102 (2): 179-221

    View details for Web of Science ID A1987H131800001

  • PRICE DESTABILIZING SPECULATION JOURNAL OF POLITICAL ECONOMY HART, O. D., KREPS, D. M. 1986; 94 (5): 927-952

    View details for Web of Science ID A1986E254800002

  • SEQUENTIAL EQUILIBRIA ECONOMETRICA KREPS, D. M., Wilson, R. 1982; 50 (4): 863-894

    View details for Web of Science ID A1982NW70600002

  • REPUTATION AND IMPERFECT INFORMATION JOURNAL OF ECONOMIC THEORY KREPS, D. M., Wilson, R. 1982; 27 (2): 253-279

    View details for Web of Science ID A1982NZ02400002

  • MODELS IN MANAGERIAL ACCOUNTING JOURNAL OF ACCOUNTING RESEARCH Demski, J. S., KREPS, D. M. 1982; 20: 117-148

    View details for Web of Science ID A1982RH32200007

  • RATIONAL COOPERATION IN THE FINITELY REPEATED PRISONERS-DILEMMA JOURNAL OF ECONOMIC THEORY KREPS, D. M., Milgrom, P., Roberts, J., Wilson, R. 1982; 27 (2): 245-252

    View details for Web of Science ID A1982NZ02400001

  • ARBITRAGE AND EQUILIBRIUM IN ECONOMIES WITH INFINITELY MANY COMMODITIES JOURNAL OF MATHEMATICAL ECONOMICS KREPS, D. M. 1981; 8 (1): 15-35

    View details for Web of Science ID A1981LM85400002

  • TEMPORAL VONNEUMANN-MORGENSTERN AND INDUCED PREFERENCES JOURNAL OF ECONOMIC THEORY KREPS, D. M., Porteus, E. L. 1979; 20 (1): 81-109

    View details for Web of Science ID A1979GX45200005

  • REPRESENTATION THEOREM FOR PREFERENCE FOR FLEXIBILITY ECONOMETRICA KREPS, D. M. 1979; 47 (3): 565-577

    View details for Web of Science ID A1979GY04100002

  • DYNAMIC CHOICE THEORY AND DYNAMIC-PROGRAMMING ECONOMETRICA KREPS, D. M., Porteus, E. L. 1979; 47 (1): 91-100

    View details for Web of Science ID A1979GH66400006

  • MARTINGALES AND ARBITRAGE IN MULTIPERIOD SECURITIES MARKETS JOURNAL OF ECONOMIC THEORY Harrison, J. M., KREPS, D. M. 1979; 20 (3): 381-408

    View details for Web of Science ID A1979HK65000006

  • SPECULATIVE INVESTOR BEHAVIOR IN A STOCK-MARKET WITH HETEROGENEOUS EXPECTATIONS QUARTERLY JOURNAL OF ECONOMICS Harrison, J. M., KREPS, D. M. 1978; 92 (2): 323-336

    View details for Web of Science ID A1978EX38200009

  • TEMPORAL RESOLUTION OF UNCERTAINTY AND DYNAMIC CHOICE THEORY ECONOMETRICA KREPS, D. M., Porteus, E. L. 1978; 46 (1): 185-200

    View details for Web of Science ID A1978EK96200016

  • SEQUENTIAL DECISION PROBLEMS WITH EXPECTED UTILITY CRITERIA .3. UPPER AND LOWER TRANSIENCE SIAM JOURNAL ON CONTROL AND OPTIMIZATION KREPS, D. M. 1978; 16 (3): 420-428

    View details for Web of Science ID A1978EY89700005

  • OPTIMALITY OF STRUCTURED POLICIES IN COUNTABLE STAGE DECISION-PROCESSES .2. POSITIVE AND NEGATIVE PROBLEMS SIAM JOURNAL ON APPLIED MATHEMATICS KREPS, D. M., Porteus, E. L. 1977; 32 (2): 457-466

    View details for Web of Science ID A1977CY27500016

  • NOTE ON FULFILLED EXPECTATIONS EQUILIBRIA JOURNAL OF ECONOMIC THEORY KREPS, D. M. 1977; 14 (1): 32-43

    View details for Web of Science ID A1977DA65000003