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Stylianos PERRAKIS


Stylianos PERRAKIS, Greek economist in the field of Economics of Uncertainty and Information; Game Theory and Bargaining Theory; Business Finance and Investment; Industrial Organisation and Public Policy. Professional Schools Fellow, Ford Foundation, University California Berkeley, 1967-1969; Senior Staff Award, University Ottawa, 1982-1983.


PERRAKIS, Stylianos was born in 1939 in Piraeus, Greece.


Diploma (Engineering) National Technical University, Athens, 1960. Master of Science (Ind. Engineering -Oregon), Doctor of Philosophy (Ind.

Engineering -Oregon) University California Berkeley, 1966, 1970.


Engineer, Greek Powder and Cartridge Company, Athens, 1963-1964. Acting Instructor, University California Berkeley, 9. Assistant Professor, Association Professor, University Ottawa, 1970-1973, 1973-1979.

Visiting Association Professor of Economics, University California Santa Barbara, 7. Visiting Professor, ESCAE, Reims, France, 1983-1984. Professor Administration, University Ottawa, Ottawa, Canada, since 1980.


  • Professional Schools Fellow, Ford Foundation, University California Berkeley, 1967-1969. Senior Staff Award, University Ottawa, 1982-1983.


I came to economics through management science and my interest in decision-making techniques. Since the early 1970s I have worked exclusively in the field of uncertainty in its various forms, in so far as they affect economic and financial decisions. As a special domain of application I have chosen industrial organisation, since this happens to be the branch of microeconomics where theory is closest to application.

My earliest work was concerned with the way uncertainty in several components of individual decision-making at the level of the investor or the business firm affected well-established rules and results. I have analysed uncertainty arising out of demand, cost or timing factors, and its effects on resource allocation or the acceptance/rejection decision for a particular project. In more recent years I have become interested in the role of financial markets in decision-making under risk and the way they interact with complex longterm decisions of the firm.

Some of my work in this area has been empirical, examining the effects of uncertainty in industries such as electricity generation, broadcasting and cable television. Currently I am working in the financial domain on the valuation of contingent claims and other complex financial instruments, as well as on the use of such instruments for policy decisions at the level of the individual firm or industry.