·¬ÇÑÊÓÆµ

Federico Guerrero Headshot

Federico Guerrero

Professor of Economics

Summary

I was born and raised in Argentina and have been a member of the Economics Department of the ·¬ÇÑÊÓÆµ since 2002.  

Before my graduate studies in the U.S., while still in Argentina, I was a macroeconomic consultant for Econometrica S.A. (1993-94), an investment banker (Smith-Barney, 1994-95), and an adjunct professor (University of Buenos Aires, Argentina, 1995-96).

Before joining the ·¬ÇÑÊÓÆµ, I was a consultant at the World Bank (1999-2000) and the InterAmerican Development Bank (2001-2002) in Washington, D.C.

I have published in the areas of behavioral finance, macroeconomics, and financial & monetary economics. My works have appeared in Journal of Economic Behavior and Organization, Experimental Economics, Journal of Behavioral and Experimental Finance, Journal of Behavioral Finance, Review of Behavioral Finance, Economics Letters, International Finance, Central Banking, Public Choice, PlosOne, Public Finance Review, among other outlets.

I serve as one of the principal investigators of the Behavioral Economics Laboratory in the College of Business. Along with Garret Ridinger (Management), James Sundali (Management) and James Leonhardt (Marketing), our mission is to advance interdisciplinary research across economics, business and decision sciences. Students in the lab conduct experimental and theoretical research in behavioral economics, judgment and decision making, game theory, behavioral finance, market dynamics and neuroeconomics.

Federico Guerrero's CV

Selected list of recent published papers

  • “An Experiment on the Impacts of Experiential Investment Advice.” PlosOne 2026. Joint with Garret Ridinger, James Sundali, Diana Achoka, Qifan Chen, Irem Sevindik and Mauricio Solorio.
  • “The empathy game: can trust be supported without positive material reciprocity?” Review of Behavioral Economics 1–23. Joint with Sourik Banerjee and Mark Pingle.
  • “Risk aversion and social influence.” Experimental Economics (2025), 1–26. doi:10.1017/eec.2025.10020. Joint with Armina Karapetian, Garret Ridinger and James Sundali.
  • “Helping addicts: When can trying to do good be dysfunctional?” Public Choice (2025). . Joint with Mark Pingle, Mina Mahmoudi and Rattaphon Wuthisatian.
  • “A Descriptive Growth Model with Unemployment” Journal of Economic Behavior and Organization. Vol. 212, August 2023, Pages 482-500. With Mark Pingle, Mina Mahmoudi and Rattaphon Wuthisatian.
  • "Behavioral Responses to Losses Disguised as Wins: A Field Study of Slot Machine Players" Journal of Gambling Studies (2023). . Joint with Florina Salaghe, Daniel Jones, Mark Nichols and James Sundali.
  • “Investor beliefs in the midst of a market crash and the COVID 19 pandemic: Survey and experimental evidence,” Decision, 8(4), 295–326, 2021. With James A. Sundali, Garret Ridinger and Dimitra Papadovasilaki.
  • “Financial risk-taking and trait emotional intelligence,” Review of Behavioral Finance, Vol. 13 No. 3, pp. 259-275 (May 2020). https://doi.org/10.1108/RBF-01-2020-0013. With Alessandro Bucciol and Dimitra Papadovasilaki.
  • “The impact of video gaming terminals on casinos and state and local tax revenue,” Public Finance Review, 48 (5) 650-675, 2020. With Erin Hazel Phipps and Mark W. Nichols.
  • “An empirical investigation of wagering behavior in a large sample of slot machine gamblers,” Journal of Economic Behavior and Organization, 1, 69 (January), 369-388, 2020. With Florina Salaghe, James A. Sundali, and Mark W. Nichols.

Education

  • Ph.D., Economics, University of Maryland-College Park, 2002
  • M.A., Economics, University of Maryland-College Park, 2000
  • Licentiate in Economics (6-year program), University of Buenos Aires, 1993