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Prof.dr. (peter) P.p. Wakker

Full Professor
Applied Economics
Erasmus University Rotterdam


Peter Wakker is professor of decisions under uncertainty at the Econometric Institute of Erasmus School of Economics (ESE). He works in behavioral economics and on risk and ambiguity. Wakker has published in leading journals in economics, business, medicine, psychology, statistics, and mathematics. He was nominated the best-publishing Dutch economist in the years 1994, 1998, 2003, and 2007, and was ranked 90th in the world in the ISI's most cited scientists in economics and business in 2003. He received a Medical Decision Making Career Achievement Award (2007), the Frank P. Ramsey Medal (2013; highest award of INFORMS Decision Analysis Society), and an Honorary doctorate in economics (University of St. Gallen 2016). Wakker frequently gives advices on insurance in the media. Wakker is a director of the research group Behavioral Economics

Research Interest

Applied Economics


  • Z. Li, K.I.M. Rohde & P.P. Wakker (2017). Improving One’s Choices by Putting Oneself in Others’ Shoes—An Experimental Analysis. Journal of Risk and Uncertainty, 54 (1), 1-13. doi: 10.1007/s11166-017-9253-3

  • S.T. Trautmann & P.P. Wakker (2018). Making the Anscombe-Aumann Approach to Ambiguity Suitable for Descriptive Applications. Journal of Risk and Uncertainty, in press.

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