DellaPugh3766180: Made first entry added tags

2025-08-12T18:38:02Z

Made first entry added tags

New page

{{short description|American accounting theorist and experimental economist}}
{{Infobox economist
| honorific_prefix =
| name = Shyam Sunder
| honorific_suffix =
| image = Shyam Sunder Portrait.jpg
| image_size =
| alt =
| caption =
| native_name =
| native_name_lang =
| birth_date = {{birth date and age|1944|07|10}}
| birth_place =
| death_date =
| death_place =
| resting_place =
| resting_place_coordinates = 
| nationality =
| citizenship =
| spouse = 
| website = {{URL|faculty.som.yale.edu/shyamsunder}}
| institution = Yale School of Management
| field = Accounting Theory and Experimental Economics
| years_active =
| school_tradition =
| alma_mater = IIT Kharagpur (transferred out); Indian Railway Institute of Mechanical & Electrical Engineering; Carnegie Mellon University
| doctoral_advisor =Yuji Ijiri, Robert S. Kaplan, Edward C. Prescott & Richard Roll
| academic_advisors =
| doctoral_students =
| notable_students =
| influences =
| contributions =Standards and Norms of Financial Reporting; Information in Security Markets; Market Properties with Zero Intelligence Traders; Simpson's Paradox in Cost Accounting
| awards = American Accounting Association’s Outstanding Accounting Educator (2013); American Accounting Association's Manuscript Award (1975); The Accounting Hall of Fame (2020)
| memorials =
| repec_prefix =
| repec_id =
| module =
| signature = 
| notes = 
}}

'''Shyam Sunder''' (born July 10, 1944) is an accounting theorist and [[Experimental economics|experimental economist]]. He is the James L. Frank Professor of [[Accountancy|accounting]], [[economics]], and [[finance]] at the [[Yale School of Management]]; a professor in [[Yale University]]’s Department of Economics; and a Fellow of the Whitney Humanities Center.<ref name=SOM>{{cite web|url=https://som.yale.edu/faculty/shyam-sunder|title=Shyam Sunder | Yale School Of Management|publisher=Som.yale.edu|access-date=January 12, 2019}}</ref>

==Biography==
Sunder is a pioneer in the fields of [[experimental finance]] and experimental [[macroeconomics]]. Over the course of his career, he has conducted research on financial reporting, information dissemination in [[Capital markets|security markets]], statistical theory of valuation, and the design of [[electronic markets]]. His current research explores how to structure [[Accountancy|accounting]] and [[audit]]ing institutions to obtain an efficient balance between regulatory oversight and market competition.

Before moving to the United States, Sunder was educated at IIT Kharagpur, Indian Railways School of Mechanical & Electrical Engineering at Jamalpur.<ref>{{Cite web|url=https://www2.aaahq.org/awards/PressRelease/2013.htm#AHBestPaper|title=Press Release for the 2013 AAA Award Winners}}</ref> Subsequently he received his PhD from [[Carnegie Mellon University]] in 1974. Before coming to [[Yale University]], he served on the faculties of the [[University of Chicago]], [[Indian Institute of Management Ahmedabad|IIM Ahmedabad]], the [[California Institute of Technology]], the [[University of Minnesota]], and [[Carnegie Mellon University]].
[[File:Shyam Sunder in Evans Hall, Yale University.jpg|thumb|Shyam Sunder in Evans Hall, Yale University]]

==Publications==
Sunder has published six books, including ''Theory of Accounting and Control'',<ref>Sunder, S., 1997. Theory of Accounting and Control. South-Western Publishing, Cincinnati, OH.</ref> and over 200 articles in academic journals and popular media.<ref name=SOM/> His research has appeared in noteworthy [[economics]], [[Accountancy|accounting]], and [[finance]] journals including ''[[Econometrica]]'', the ''[[Journal of Political Economy]]'', the ''[[Journal of Accounting and Economics]]'', ''[[The Accounting Review]]'', and ''[[The Journal of Finance]]''.

Articles in major academic journals include:
*“Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality”, with D.K. Gode, ''[[Journal of Political Economy]]'', 1993 <ref>Gode, D.K., Sunder, S., 1993. Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality. ''Journal of Political Economy'' 101(1), 119-137. {{JSTOR|2138676}}.</ref>
*“Efficiency of experimental security markets with insider information: An application of rational-expectations models”, with [[Charles Plott|C. R. Plott]], ''Journal of Political Economy'', 1982.<ref>Plott, C.R., Sunder, S., 1982. Efficiency of experimental security markets with insider information: An application of rational-expectations models. ''Journal of Political Economy'' 90(4), 663-698. {{JSTOR|1831348}}.</ref>
*“Rational expectations and the aggregation of diverse information in laboratory security markets” with C. R. Plott, ''[[Econometrica]]'', 1988.<ref>Plott, C.R., Sunder, S., 1988. Rational expectations and the aggregation of diverse information in laboratory security markets. ''[[Econometrica]]'' 56(5), 1085-1118. {{JSTOR|1911360}}.</ref>
*“Market for Information: Experimental Evidence”, ''Econometrica'', 1992.<ref>Sunder, S., 1992. Market for Information: Experimental Evidence. ''Econometrica'' 60(3), 667-695. {{JSTOR|2951588}}.</ref>

==Honors and awards==
Sunder has served in numerous leadership roles at noteworthy academic organizations. From 2006 to 2007, he was President of the [[American Accounting Association]].<ref>{{cite news|url=https://www.accountingtoday.com/news/21558-1.html|title=Sunder Named President of American Accounting Association|work=Accounting Today|date=August 11, 2006|access-date=January 12, 2019}}</ref>
Before that, he was the [[American Accounting Association]]'s Director of Research from 1988 to 1990.<ref>{{cite web|url=http://aaahq.org/AM1999/sunder.htm|title=Shyam Sunder - Speaker - 1999 American Accounting Association Annual Meeting|publisher=Aaahq.org|access-date=May 20, 2014|archive-url=https://web.archive.org/web/20140520220622/http://aaahq.org/AM1999/sunder.htm|archive-date=May 20, 2014|url-status=dead|df=mdy-all}}</ref>
He has also served as Chair of Faculty Organization for the Faculty Senate at [[Carnegie Mellon University]]<ref>{{cite web|url=http://www.andrew.cmu.edu/org/fac-senate/Minutes/Minutes96-97/Mtg8April97.html|title=1996-97 Faculty Senate Minutes - Meeting 8|publisher=Andrew.cmu.edu|access-date=May 20, 2014|url-status=dead|archive-url=https://web.archive.org/web/20060923175326/http://www.andrew.cmu.edu/org/fac-senate/Minutes/Minutes96-97/Mtg8April97.html|archive-date=September 23, 2006|df=mdy-all}}</ref>
and was a member of the Founding Executive Committee for the Economic Science Association.<ref name=SOM/>

Sunder has received many awards for his contributions to accounting research. The [[American Accounting Association]] has recognized his research with their Manuscript Award in 1975<ref>{{cite web|url=http://aaahq.org/awards/awrd5win.htm|title=Competitive Manuscript Award |publisher=Aaahq.org|access-date=May 20, 2014|archive-url=https://web.archive.org/web/20140520220928/http://aaahq.org/awards/awrd5win.htm|archive-date=May 20, 2014|url-status=dead|df=mdy-all}}</ref> and the Outstanding Accounting Educator Award in 2013.<ref>{{cite web|url=https://www2.aaahq.org/awards/PressRelease/2013.htm#AHBestPaper|title=Outstanding Accounting Educator Award|publisher=Aaahq.org|access-date=January 12, 2019}}</ref>

In partnership with the [[American Institute of Certified Public Accountants]], the [[American Accounting Association]] also selected him to receive the Notable Contributions to Accounting Literature Award in 1982 and 1998.<ref>{{cite web|url=https://aaahq.org/About/Directories/Notable-Contributions-to-Accounting-Literature-Award-Winners|title=Notable Contributions to Accounting Literature Award|publisher=Aaahq.org|access-date=January 12, 2019}}</ref>
In 1982, Sunder was selected for the [[Alpha Kappa Psi]] Foundation National Accounting Award.<ref name=SOM/>

Sunder has been invited to speak at over 300 universities all over the world. He was named a Distinguished Lecturer at the Center for Computational Finance and Economic Agents at the [[University of Essex]] in the UK.<ref name=SOM/>
The [[American Accounting Association]] honored him as its Presidential Research Lecturer in 1999<ref>{{cite web|url=https://aaahq.org/Education/Awards/AAA-Presidential-Scholar|title=Presidential Scholars|publisher=Aaahq.org|access-date=January 12, 2019}}</ref> and named him a Distinguished International Visiting Lecturer in 2000.<ref name=SOM/>

==Editorships==
Sunder currently serves on the editorial boards of the ''Journal of Accounting and Public Policy''.<ref>{{cite web|url=http://www.journals.elsevier.com/journal-of-accounting-and-public-policy/editorial-board/|title=Journal of Accounting and Public Policy Editorial Board|publisher=[[Elsevier]]|date=November 21, 2013|access-date=January 12, 2019}}</ref> and the ''Indian Accounting Review''.<ref>{{cite web|url=https://www.iaarf.in/journal.php|title=Indian Accounting Association Research Foundation |publisher=IAARF|issn=0972-1754|oclc=}}</ref> He has served on the editorial boards of ''Experimental Economics'',<ref name=SOM/> the ''[[Computational and Mathematical Organization Theory]]''<ref name=SOM/> and was the President of the editorial board of ''[[The Accounting Review]]''<ref>{{cite journal|title=The Accounting Review|journal=Auditing. Supplement.|volume=83|number=3|date=May 2008|doi=10.2308/accr.2008.83.3.i|issn=0001-4826|eissn=1558-7967|oclc=32804215}}</ref>

== Teaching ==
Sunder has taught generation of students both in Yale College and Yale School of Management. He taught "Econ 488: Experimental Economics" that used "economic experiments to investigate the behavior of economic markets and institutions," and was widely popular with undergraduate students.<ref>{{Cite web|title=Experimental Economics|url=https://faculty.som.yale.edu/shyamsunder/experimental-economics/|access-date=2021-03-16|language=en-US}}</ref>

==Boards==
Sunder has served on the boards of the following organizations:<ref name=SOM/>
*Academy for Government Accountability, 2006–2008
*[[American Accounting Association]], 2005–2008
*[[International Association for Accounting Education & Research|International Association for Accounting, Education, and Research]], 2006–2007
*[[World Computer Exchange]], 2000–2009
*GMex, Inc., 1999–2001
*[[Carnegie Mellon University]] Board of Trustees, 1997–98
*[[Financial Executives International (FEI)|Financial Executives Institute]], Pittsburgh Chapter, 1995–99
*Economic Science Association

==References==
{{Reflist|30em}}

==External links==
*[https://som.yale.edu/shyam-sunder Shyam Sunder’s Yale School of Management webpage]
*{{cite web|title=Shyam Sunder|url=https://econpapers.repec.org/RAS/psu39.htm|publisher=[[EconPapers]]}}
*{{GoogleScholar|l2ERZQ0AAAAJ}}

{{Authority control}}

{{DEFAULTSORT:Sunder, Shyam}}
[[Category:1944 births]]
[[Category:Living people]]
[[Category:Carnegie Mellon University alumni]]
[[Category:Yale University faculty]]
[[Category:21st-century American economists]]

Shyam Sunder (economist) - Revision history

DellaPugh3766180: Made first entry added tags