Peter J. Hammond (economist)

Peter J. Hammond is a prominent economist known for his contributions to several areas of economic theory. While a comprehensive biography is not readily available in a single, easily accessible source, his work is widely cited and respected within the academic community. His research interests typically involve:

• Decision Theory: Hammond has made significant contributions to the understanding of individual decision-making under uncertainty, exploring topics such as subjective probabilities, expected utility theory, and its various generalizations. His work often focuses on the axiomatic foundations of these theories and their implications for economic modeling.

• Social Choice Theory: He has extensively researched social choice theory, which deals with the aggregation of individual preferences into collective choices. This includes the study of voting mechanisms, fairness criteria, and the possibility of achieving Pareto efficiency in social decisions. His work frequently explores the limitations and potential paradoxes within these systems.

• Game Theory: Hammond's research incorporates game theory, analyzing strategic interactions between individuals or groups. This may involve the investigation of equilibrium concepts and their applications to diverse economic situations.

• Welfare Economics: A recurring theme in Hammond's work is welfare economics, which focuses on evaluating the social desirability of different economic outcomes. His research likely addresses issues of resource allocation, equity, and the measurement of social welfare.

Further research into specific publications and university affiliations would be needed to provide a more detailed and accurate biography. The breadth of his contributions necessitates accessing his published works directly to obtain a complete understanding of his individual contributions to each field.