John Duffy

John Duffy (born January 2, 1964) is an American economist specializing in experimental economics. He is a professor of economics at the University of California, Irvine and co-director of its Experimental Social Sciences Laboratory.

Career Duffy received his A.B. in economics from the University of California, Berkeley and completed his Ph.D. at the University of California, Los Angeles in 1992. He holds a specially appointed professorship at the University of Osaka's Institute of Social and Economic Research.

Duffy served as editor of Experimental economics from 2018 to 2024 and has been on the editorial boards of the European Economic Review and Games and Economic Behavior.

Research Duffy's work applies experimental methods to test macroeconomic and game-theoretic models. His early research demonstrated the laboratory emergence of money as a medium of exchange, and documented sunspot equilibria in controlled settings.

His 2006 chapter in the Handbook of Computational Economics surveyed agent-based computational methods in economics. A 2016 handbook chapter reviewed experimental macroeconomics.

More recent work has tested central bank commitment mechanisms, the Lucas asset pricing model, and the Friedman rule for optimal monetary policy.

Selected publications