Dr. Hugh Kelley B.S.,Cert.,Ph.D.,
Contact Details
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Biography:
Hugh Kelley joined the Department of Economics in 2009. He is a Lecturer above the bar (equivalent to an American Associate Professor with tenure). He obtained a B.Sc. (Economics) from the University of Wisconsin-Madison and a PhD (International Economics) from the University of California-Santa Cruz. Dr Kelley is the Director of the distance learning rural development BSc program (RUTAC) operated in collaboration among NUI Galway, NUI Maynooth, UCC, and UCD. He is also Director of the research center ICERTS ( Prior to coming to NUI, Galway, Dr. Kelley was a tenured Associate Professor at Dr Kelley conducts collaborative research with researchers at a number of research institutes and Universities around the world and has held positions as Adjunct Professor at Indiana University’s Department of Psychology, as a Senior Research Associate at the Workshop Political Theory and Policy Analysis at Indiana University, as a Research Fellow at the Max Planck Institute in Bonn, Germany, and as Visiting Faculty at Brandeis University’s Department of Economics. He has also presented his work widely at conferences and seminar series in the He has published papers in Economic Inquiry, Journal of Behavioral Finance, Journal of Mathematical Psychology, and Journal of Environmental Management, and co-authored chapters in a number of books. Dr Kelley has also pursued an active funded research agenda. In addition to numerous travel and small University grants he has contributed to three large research grants from the U.S. National Science Foundation, an FP7 Framework grant from the European Commission, and an Irish Department of Agriculture and Food Research Stimulus grant altogether helping garner research funds worth over 4 million euro since 2000. |
Research Interests
| My research is concerned with quantifying individual rationality, modifying existing theory to incorporate observed bounded rationality and the value of the environment, and comparing the descriptive accuracy of traditional and behavioral theories with field data. Whether this method is applied in the international finance or trade realm, or in the resource, environmental, or agricultural economics realm, simply reflects small theoretical modeling changes or tests with different data. The integrated experimental, theoretical, and field data approach I employ could in fact be applied in any field of economic inquiry. Overall, my work is an extension beyond traditional general-equilibrium representative-agent economic theory. I am one of the few researchers applying the innovative agent based method to economic activity and empirically validating such models with field data. My approach reflects a more integrated economic, psychological, and natural science methodology than is typically applied. In the future I intend to maintain my focus on experimental and behavioral economics and to continue investigating forms of decision making that are the most externally descriptive of humans. I have a keen interest in international economics and intend to continue investigating the impacts of individual firm’s response to policy incentives. I will continue working in the area of environmental and resource economics and hope to increasingly link this work to the energy economics domain. |
Research Projects
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Project: INFLUENCE OF NEIGHBOURS AND SOCIAL NORMS, HUGH KELLY ( RCS1104) Role: ROLE_DESC Description: DESCRIPTION Start/End Dates: 10-JAN-11 / 30-SEP-13 |
Peer Reviewed Journals
| Kelley, H., van Rensburg, T., Yadav, L. (2012) 'A micro-simulation evaluation of the effectiveness of a grass root agri-environmental scheme'. Land Use Policy, . [Details] |
| Kelley, H. & T. Evans (2011) 'The relative influences of land-owner and landscape heterogeneity in an agent-based model of land use'. Ecological Economics, 70 (6):1075-1087. [DOI] [Details] |
| Kelley, H., Busemeyer, J. (2008) 'A comparison of models for learning how to integrate multiple cues in order to forecast continuous criteria: A comparison of least squares and neural network approaches'. Journal of Mathematical Psychology, 52 . [Details] |
| Evans, T., Sun W., Kelley, H. (2006) 'Spatially explicit experiments for the exploration of land-use decision-making dynamics'. International Journal of Geog. Information Science, 20 (9). [Details] |
| Kelley, H. & T. Evans (2006) 'Assessing the transition from deforestation to forest regrowth with an agent-baseed model of land cover change for south-central Indiana'. Geoform, 39 (2). [Details] |
| Kelley, H. (2004) 'Asset pricing with behavioral traders: A test of the country fund discount'. Journal of Behavioral Finance 5, 5 (4). [Details] |
| Evans, T., Kelley, H. (2004) 'Multi-scale analysis of a household level agent-based model of land cover change'. Journal of Environmental Management, 72 :1-2. [Details] |
| Kelley, H. & Friedman, D. (2002) 'Learning to forecast price'. Economic Inquiry, 40 (4). [Details] |
| Kitzis, S., Kelley, H., Berg, E., Massaro, D., Friedman, D. (1998) 'Broadening the tests of learning models'. Jounral of Mathematical Psychology, 42 :2-3. [Details] |
Working Paper
| Jeserich, N., Kelley, H., Toft, G., Cole, G. (2012) Cross state differences in high growth businesses: Policy impacts. Working Paper [Details] |
Book Chapters
| Kelley, H. & T. Evans (2010) 'Measuring the impact of behavioural traders in the market for closed-end country funds from 2002 to 2009. In Handbook of Behavioural Finance, Bruce, B. (ed.)' In: Cheltenham: Edward Elgar. [Details] |
| Kelley, H., Friedman, D. (2008) 'Learning to forecast rationally. In Charles Plott and Vernon Smith (eds.) The Handbook of Experimental Economics Result' In: Amsterdam: Elsevier. [Details] |
| Friedman, D., Kelley, H. (2003) 'Asset market experiments. In Nadel, L. (ed.) Encyclopedia of Cognitive Science' In: London: Macmillan. [Details] |
| Hoffman, M., Kelley, H., Evans, T. (2002) 'Simulating land-cover change in South-Central Indiana. In Janssen, M. (ed.) Complexity and ecosystem management: The theory and practice of multi-agent systems' In: Cheltenham: Edward Elgar. [Details] |
Workshops
| Van Rensburg, T., Kelley, H., Yadav, L. (2009) Socio-economics of Farming for Conservation in the Burren. Burren Project Report. Workshops [Details] |
Teaching Interests
| Environmental Economic Modeling EC561. Masters Macroeconomics EC510. MBA. Advanced Economic Theory EC385. Undergraduate. Cost Benefit Analysis EC226. Undergraduate. Introductory Microeconomics EC118/EC871. Undergraduate. Survey of International Economics EC382. Undergraduate. Rural Development Adult Education Undergraduate Directed |