Age, Biography and Wiki

Drazen Prelec was born on 1955, is an American economist. Discover Drazen Prelec's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 69 years old?

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Age 69 years old
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Born 1955
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We recommend you to check the complete list of Famous People born on . He is a member of famous economist with the age 69 years old group.

Drazen Prelec Height, Weight & Measurements

At 69 years old, Drazen Prelec height not available right now. We will update Drazen Prelec's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Drazen Prelec Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Drazen Prelec worth at the age of 69 years old? Drazen Prelec’s income source is mostly from being a successful economist. He is from . We have estimated Drazen Prelec's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Source of Income economist

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1955

Drazen Prelec (born 1955 in Yugoslavia ) is a professor of management science and economics in the MIT Sloan School of Management, and holds appointments in the Department of Economics and in the Department of Brain and Cognitive Sciences at MIT as well.

He is a pioneer in the field of neuroeconomics.

Prelec studied applied mathematics as an undergraduate at Harvard University, and went on to earn a Ph.D. from Harvard in experimental psychology, supervised by Richard Herrnstein and Duncan Luce.

He was a Junior Fellow of the Harvard Society of Fellows and was a Guggenheim Fellow.

1991

He joined the MIT faculty in 1991.

Prelec has made seminal contributions to theories of intertemporal choice, in particular the generalized theory of hyperbolic discounting, as well as to non-expected utility theories, in particular probability weighting functions.

He is also responsible for developing the theory of self-signaling.

A study by Prelec and Duncan Simester showed that people buying tickets to sporting events would be willing to pay significantly higher prices using credit cards than they would for cash purchases.

Working in the area of Wisdom of the crowd, Prelec also devised a system, the "Bayesian Truth Serum", for eliciting more truthful answers to polls based on paired questions in which one question of each pair asks about the respondent's own opinion and the other asks the respondent to estimate others' opinions.

Prelec is of Croatian descent.

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