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Dr Spyros Galanis

Head of Economics

School of Arts and Social Sciences Department of Economics

Contact details

Address

Dr Spyros Galanis D304, Rhind Building
City, University of London
Northampton Square
London EC1V 0HB
United Kingdom

Personal links

About

Overview

I am a Reader (Associate Professor) at the Department of Economics of City, University of London. Before 2019, I was an Associate Professor at the Department of Economics of the University of Southampton. My research interests include decision theory, finance, game theory and experiments.

My main research focuses on the role that uncertainty, information and bounded perception have on single- and multi-agent decision making. I examine under which conditions speculative trade occurs, in three different settings: when traders have a bounded perception of their uncertainty due to their unawareness, when they are dynamically and time inconsistent, and when they are not financially sophisticated enough to formulate complex trading strategies. I also study when information is valuable and whether markets (including the newly formulated "prediction" markets) aggregate and reveal information through their price mechanism. Finally, a new research interest of mine involves public finance, and in particular an empirical estimation of the Laffer curve using a theoretical model of tax evasion with strategic complementarities.

Qualifications

  1. Fellow, Higher Education Academy, Apr 2011
  2. PhD in Economics, University of Rochester, United States, May 2004 – May 2008
  3. MA in Economics, University of Rochester, United States, Aug 2002 – May 2004
  4. MSc in Economics, University of Warwick, United Kingdom, Sep 2001 – May 2002
  5. BSc in Economics, Athens University of Economics and Business, Greece, Oct 1996 – Jan 2001

Administrative roles

  1. Head of Economics, City, University of London, Aug 2021 – present
  2. Deputy Head of Department, City, University of London, May 2019 – present

Employment

  1. Head of Economics, City, University London, Aug 2020 – present
  2. Reader (Associate Professor), City, University London, Dec 2019 – present
  3. Deputy Head of Economics, City, University London, Apr 2019 – Jul 2020
  4. Senior Lecturer (Associate Professor), City, University London, Jan – Nov 2019
  5. Associate Professor, University of Southampton, Sep 2014 – Jan 2019
  6. Senior Lecturer, University of Southampton, Sep 2013 – Sep 2014
  7. Lecturer, University of Southampton, Sep 2007 – Sep 2013

Publications

Publications by category

Book

  1. Galanis, S. (2018). Six Easy models of International Trade Theory. Polyolvos.

Conference papers and proceedings (6)

  1. Booth, P., Nicholas, G. and Galanis, S. (2019). Design Spaces in Visual Analytics Based on Goals: Analytical Behaviour, Exploratory Investigation, Information Design & Perceptual Tasks. 52nd Hawaii International Conference on System Sciences 8-11 January, Maui, Hawaii, USA.
  2. Booth, P., Gibbins, N. and Galanis, S. (2019). Towards a Theory of Analytical Behaviour: A Model of Decision-Making in Visual Analytics. 52nd Hawaii International Conference on System Sciences 8-11 January, Maui, Hawaii, USA.
  3. Booth, P., Gibbins, N. and Galanis, S. (2018). Representation Effects and Loss Aversion in Analytical Behaviour: An Experimental Study into Decision Making Facilitated by Visual Analytics. Hawaii International Conference on System Sciences 3-6 January, Waikoloa Village, Hawaii, USA.
  4. Booth, P., Hall, W., Gibbins, N. and Galanis, S. (2014). Visualising data in web observatories. 23rd International Conference on World Wide Web 7-11 April, Seoul, Korea.
  5. Galanis, S. (2009). Syntactic foundations for unawareness of theorems. 12th Conference on Theoretical Aspects of Rationality and Knowledge 6-8 July, Stanford University, USA.
  6. Galanis, S. (2007). Theorems and unawareness. 11th conference on Theoretical aspects of rationality and knowledge 25-27 June, Brussels Belgium.

Journal articles (10)

  1. Galanis, S. (2020). Speculative Trade and the Value of Public Information. Journal of Public Economic Theory. doi:10.1111/jpet.12476.
  2. Galanis, S. and Kotronis, S. (2020). Updating Awareness and Information Aggregation. B.E. Journal of Theoretical Economics. doi:10.1515/bejte-2018-0193.
  3. Galanis, S. (2018). Financial complexity and trade. Games and Economic Behavior, 112, pp. 219–230. doi:10.1016/j.geb.2018.08.007.
  4. Galanis, S. (2018). Speculation under unawareness. Games and Economic Behavior, 109, pp. 598–615. doi:10.1016/j.geb.2018.03.001.
  5. Galanis, S. (2016). The value of information in risk-sharing environments with unawareness. Games and Economic Behavior, 97, pp. 1–18. doi:10.1016/j.geb.2016.03.001.
  6. Galanis, S. (2015). The value of information under unawareness. Journal of Economic Theory, 157, pp. 384–396. doi:10.1016/j.jet.2015.01.015.
  7. Galanis, S. (2013). Unawareness of theorems. Economic Theory, 52(1), pp. 41–73. doi:10.1007/s00199-011-0683-x.
  8. Barelli, P. and Galanis, S. (2013). Admissibility and event-rationality. Games and Economic Behavior, 77(1), pp. 21–40. doi:10.1016/j.geb.2012.08.012.
  9. Galanis, S. (2011). Syntactic foundations for unawareness of theorems. Theory and Decision, 71(4), pp. 593–614. doi:10.1007/s11238-010-9218-3.
  10. Galanis, S. Dynamic Consistency, Subjective Beliefs and Valuable Information. Economic Theory.

Working papers (4)

  1. Galanis, S. (2021). Dynamic consistency, valuable information and subjective beliefs.
  2. Galanis, S. (2021). Speculative trade and the value of public information.
  3. Galanis, S. and Kotronis, S. (2019). Updating Awareness and Information Aggregation. London, UK: Department of Economics, City, University of London.
  4. Galanis, S., IoannouChristos, C. and Kotronis, S. (2019). Information Aggregation Under Ambiguity: Theory and Experimental Evidence. London, UK: City, University of London.