Sujoy Mukerji

Professor of Economics

Research Interests

Theories of decision making under uncertainty, in particular, the theory and applications of ambiguity aversion; theory of games, information and contracts.

Summary: My research has primarily been on decision making under ambiguity, its foundations, and its relevance in economic contexts. My broader research interests lie in the intersection of bounded rationality and economic theory. Recently, with co-authors Peter Klibanoff and Massimo Marinacci, I've worked on formulating a new model of decision making under ambiguity, dubbed the "Smooth Ambiguity Model" which is more comprehensive than the "first-generation" models and allows the modeller to address a far greater range of important comparative static questions, e.g., effect of changes in ambiguity aversion. The framework has been extended to accommodate models involving dynamic decision making and applied to the analyses of financial decision making, re-exploring among other things the famous equity premium puzzle.

The latest versions of my recent working papers may be obtained by following the titles/links on the right /bottom panel on this page. A complete list of papers, including the list of published journal articles may be obtained from my CV, right. Journal articles (though not the *latest versions* of working papers) may be downloaded from the links on my Google scholar page:


Editorial responsibilities:

Associate Editor, Oxford Economic Papers, 2006 (Sept)-

Associate Editor, Theory and Decision, 2008 (January)-

Associate Editor, Econometrica, 2010 (July)-


  • MPhil Advanced Microeconomics: Choice under Uncertainty
  • MPhil Behavioural Economics: Social Preferences; Choice under Risk with Reference Dependence
  • UG Microeconomic theory (Convenor): Decision making under risk
  • UG Core Microeconomics: Economics of (incomplete) Information