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Professor Rajiv Sarin

Professor Rajiv Sarin

Professor of Economics

5975

+44 (0) 1392 725975

1.25
Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK

Rajiv Sarin received his PhD in economics in 1994 from the University of California, San Diego.  He joined Texas A&M University as an assistant professor in 1994.  In 2000 he was promoted to an associate professor with tenure.  He was promoted to full professor in 2006 and held the Elton Lewis faculty fellow of Liberal Arts from 2006 to 2010.  In 2010 he became the Alfred F. Chalk Professor of Economics at Texas A&M University. He moved to the University of Birmingham in 2011 and in 2013 he moved to the University of Exeter.

Most of Rajiv’s theoretical work has been at the intersection of economics and psychology, an area that has come to be called behavioural economic theory.  He has contributed to models of behavioural decision theory and behavioural game theory. 

His work focuses on individuals who do not have much information about the environment.  He has modelled such individuals as having simplified beliefs, if any, about their environment.  He has paid particular attention to how such people learn and what behaviour they converge to in the long run steady state.  Amongst the learning models he has studied and extended are reinforcement learning models. 

He has also has a keen interest in economic experiments.  He began with seeing how some of the models he had developed explained experimental data gathered by others.  He has, since, been running experiments on auctions, contests, decision making and reputation.

He has published his research in many journals, including the American Economic Review, Econometrica, Economic Journal, Games and Economic Behaviour, International Economic Review and Journal of Economic Theory.  Some of his research has been funded by the National Science Foundation. 

More than 10 research (PhD) students have completed their dissertations under his supervision and currently work in leading international universities and some central banks.

Nationality: USA

Administrative responsibilities

  • Director of MRes Economics program

Research clusters

Research interests

  • Behavioral decision and game theory
  • Bounded rationality
  • Learning

Key publications | Publications by category | Publications by year

Publications by category


Journal articles

Grosskopf B, Sarin R, Watson E (2015). An experiment on case-based decision making. Theory and Decision, 79(4), 639-666. Abstract. DOI.
Oyarzun C, Sarin R (2013). Learning and risk aversion. Journal of Economic Theory, 148(1), 196-225. Abstract. DOI.
Oyarzun C, Sarin R (2012). Mean and variance responsive learning. Games and Economic Behavior, 75(2), 855-866. Abstract. DOI.
Grosskopf B, Sarin R (2010). Is reputation good or bad? an experiment. American Economic Review, 100(5), 2187-2204. Abstract. DOI.
Rai BK, Sarin R (2009). Generalized contest success functions. Economic Theory, 40(1), 139-149. Abstract. DOI.
Corradi V, Sarin R (2008). Corrigendum to "Continuous approximations of stochastic evolutionary game dynamics" [J. Econ. Theory 94 (2000) 163-191] (DOI:10.1006/jeth.1999.2596). Journal of Economic Theory, 140(1). DOI.
Huck S, Sarin R (2004). Players with limited memory. Contributions to Theoretical Economics, 4(1). Abstract.
Sarin R, Vahid F (2004). Strategy similarity and coordination. Economic Journal, 114(497), 506-527. Abstract. DOI.
Sarin R, Vahid F (2001). Predicting How People Play Games: a Simple Dynamic Model of Choice. Games and Economic Behavior, 34(1), 104-122. Abstract. DOI.
Corradi V, Sarin R (2000). Continuous Approximations of Stochastic Evolutionary Game Dynamics. Journal of Economic Theory, 94(2), 163-191. Abstract. DOI.
Sarin R (2000). Decision Rules with Bounded Memory. Journal of Economic Theory, 90(1), 151-160. Abstract. DOI.
Börgers T, Sarin R (2000). Naive reinforcement learning with endogenous aspirations. International Economic Review, 41(4), 921-950. Abstract.
Sarin R, Vahid F (1999). Payoff assessments without probabilities: a simple dynamic model of choice. Games and Economic Behavior, 28(2), 294-309. Abstract. DOI.
Sarin R (1999). Simple play in the Prisoner's Dilemma. Journal of Economic Behavior and Organization, 40(1), 105-113. Abstract. DOI.
Börgers T, Sarin R (1997). Learning through reinforcement and replicator dynamics. Journal of Economic Theory, 77(1), 1-14. Abstract. DOI.

Publications by year


2015

Grosskopf B, Sarin R, Watson E (2015). An experiment on case-based decision making. Theory and Decision, 79(4), 639-666. Abstract. DOI.

2013

Oyarzun C, Sarin R (2013). Learning and risk aversion. Journal of Economic Theory, 148(1), 196-225. Abstract. DOI.

2012

Oyarzun C, Sarin R (2012). Mean and variance responsive learning. Games and Economic Behavior, 75(2), 855-866. Abstract. DOI.

2010

Grosskopf B, Sarin R (2010). Is reputation good or bad? an experiment. American Economic Review, 100(5), 2187-2204. Abstract. DOI.

2009

Rai BK, Sarin R (2009). Generalized contest success functions. Economic Theory, 40(1), 139-149. Abstract. DOI.

2008

Corradi V, Sarin R (2008). Corrigendum to "Continuous approximations of stochastic evolutionary game dynamics" [J. Econ. Theory 94 (2000) 163-191] (DOI:10.1006/jeth.1999.2596). Journal of Economic Theory, 140(1). DOI.

2004

Huck S, Sarin R (2004). Players with limited memory. Contributions to Theoretical Economics, 4(1). Abstract.
Sarin R, Vahid F (2004). Strategy similarity and coordination. Economic Journal, 114(497), 506-527. Abstract. DOI.

2001

Sarin R, Vahid F (2001). Predicting How People Play Games: a Simple Dynamic Model of Choice. Games and Economic Behavior, 34(1), 104-122. Abstract. DOI.

2000

Corradi V, Sarin R (2000). Continuous Approximations of Stochastic Evolutionary Game Dynamics. Journal of Economic Theory, 94(2), 163-191. Abstract. DOI.
Sarin R (2000). Decision Rules with Bounded Memory. Journal of Economic Theory, 90(1), 151-160. Abstract. DOI.
Börgers T, Sarin R (2000). Naive reinforcement learning with endogenous aspirations. International Economic Review, 41(4), 921-950. Abstract.

1999

Sarin R, Vahid F (1999). Payoff assessments without probabilities: a simple dynamic model of choice. Games and Economic Behavior, 28(2), 294-309. Abstract. DOI.
Sarin R (1999). Simple play in the Prisoner's Dilemma. Journal of Economic Behavior and Organization, 40(1), 105-113. Abstract. DOI.

1997

Börgers T, Sarin R (1997). Learning through reinforcement and replicator dynamics. Journal of Economic Theory, 77(1), 1-14. Abstract. DOI.