Lu Hong

Professor of Finance

Education

PhD Economics, University of Minnesota
BS, Mathematics, Fudan University, P.R. China

Research Interests

Implementation
Mechanism Design
Organization Theory
Complexity
Game Theory
Mathematical Economics
Public Economics
Financial Economics

Professional/Community Affiliations

Member of Econometric Society

Referee for:

Economietrica
Economic Design
Economic Journal
Economics Letters
Games and Economic Behavior
International Economic Review
Journal of Economic Theory
National Science Foundation Proposals
Social Choice and Welfare
Theory and Decision

Courses Taught

FINC 335: Investments

Publications/Research Listings

Refereed Articles

Hong, L., S.E. Page. "Interpreted and Generated Signals." Journal of Economic Theory. 144.5 (2009). 2174 - 2196.

Hong, L. "The Endowment Game When n = 2." Review of Economic Design 13.1 (2009). 147- 165.

Book Chapters

Hong, L., S.E. Page. “Some Micro-foundations of Collective Wisdom.” Collective Wisdom: Principles and Mechanisms. 2012.

Hong, L., S.E. Page. "Some Micro-foundations of Collective Wisdom." Collective Wisdom: Principles and Mechanisms. 2008.

Hong, L. "Collective Rationality." The New Palgrave Dictionary of Economics. 2nd ed. Macmillan London, 2006.

Presentation of Refereed Papers

"Cognitive Diversity and Majority Rule," Hong, L., PJ Lamberson, S. Page, and V. Satopaa, accepted for publication at Proceedings of the National Academy of Sciences, 2026

"The Range of Collective Accuracy for Binary Classifications Under Majority Rule," with Scott Page, Economic Theory 79, 275--300, Feb. 2025

"Individual Selection Criteria for Optimal Team Composition," with Scott E. Page, Theory and Decision, Vol 96, Issue 4, p. 607 - 626, June 2024

"Hybrid Predictive Ensembles: Synergies Between Human and Computational Forecasts," with PJ Lamberson and Scott E. Page, Journal of Social Computing, Vol 2, Issue 2, p. 89 -- 102, June 2021

"Social Structure, Endogenous Diversity, and Collective Accuracy," with Evan Economo and Scott Page, Journal of Economic Behavior and Organization, Vol 125, p. 212-231, May 2016

Hong, L., H. Van Dyke Parunak, S. Brueckner, S.E. Page, R. Rohwer. “Characterizing and Aggregating Agent Estimates.” Proceedings of the Twelfth International Conference on Autonomous Agents and Multiagent Systems. 2013.

Hong, L. "The Structure of Signals: Causal Interdependence Models for Games of Incomplete Information." The Twenty-Seventh Conference on Uncertainty in Artificial Intelligence. Barcelona, Spain. 2011.

Hong, L. "Analytic Model Aggregation". Midwest Economic Theory Meeting. Madison, Wisconsin. 2010.

Hong, L. "On the Possibility of Collective Wisdom Through Voting." Econometric Society Meetings (part of ASSA). San Francisco, California. 2009.

Hong, L., S.E. Page. "Interpreted and Generated Signals." NBER/NSF Decentralization Conference. Ann Arbor, Michigan. 2007.

Hong, L. "The Logic of Information Aggregation Re-examined." Far East Econometric Society Meetings. Beijing, China. 2006.