Robert ForsytheView profile
Professor
Robert Forsythe is a Professor of Finance at Wayne State University's Mike Ilitch School of Business, where he served as Dean from 2014 to 2022. Prior to Wayne State, he was Dean at the University of South Florida's College of Business (2006-2012) and a faculty member at the University of Iowa (1981-2022), where he co-founded the Iowa Electronics Market, a futures market for political and economic event contracts. Ph.D., Economics, Carnegie Mellon University M.S., Economics and Statistics, Carnegie Mellon University B.S., Quantitative Business Analysis, Pennsylvania State University His research focuses on Experimental Economics , particularly prediction markets, game theory, and market mechanisms. He has analyzed how markets aggregate information, tested theories of public goods provision, and explored strategic behavior in auctions, bargaining, and elections. His work on the Iowa Electronic Market demonstrated the predictive power of market prices for political outcomes. His recent articles emphasize Market Efficiency , Information Aggregation , and Strategic Decision-Making . He has investigated the role of polls in multi-candidate elections, cooperation in games without reputation, and judgment bias in election stock markets. Notable contributions include the establishment of the Bulls Business Community at USF and the restructuring of M.B.A. programs to accommodate working professionals. Despite no scientific awards explicitly mentioned, his work remains influential in Finance and Political Forecasting . Robert Forsythe co-founded the Iowa Electronic Market and has been instrumental in integrating experimental methods into business education. His teaching includes BUSINESS FINANCE (FIN3290) at Wayne State University.











