Fellow of American Academy of Arts and Sciences, 1999-

Paul Samuelson Prize, 1999

Bodossaki Foundation Academic and Cultural Prize, 1994

Fellow of the Econometric Society, 1989-

Distinguished Fellow of the Macro Finance Society, 2022-

Foundation for Advancement of Research in Financial Economics (FARFE) 8th Stephen A. Ross Prize in Financial Economics, 2022

Fellow of the Game Theory Society, 2017-

Honorary PhD, Quinnipiac University, May 2017

Honorary PhD, Clark University, May 2016

Honorary PhD, University of Athens Economics and Business, 2011

Yale University Lex Hixon ’63 Prize for Teaching Excellence in the Social Sciences, 2019

Best Yale Graduate Economics Teacher Award, 2007-2008

Distinguished Alumnus, Hopkins School, 2006

Alfred Sloan Foundation Prize Fellowship, 1982-1983, 1983-1984

Yale University Junior Faculty Fellowship, 1982-1983

Scholarship student to 1978 Symposium on Austrian Economics, held in Boulder, Colorado

Fulbright Fellow to Balkan Institute, Thessaloniki, Greece, 1978

National Science Foundation Scholarship, 1975-1978

DeForest Prize for Excellence in Pure and Applied Mathematics, first prize, 1975

Phi Beta Kappa, 1975

Arthur D. Stanley Prize in Mathematics, 1974

Winner of 1970 United States Junior (under 21) Open Chess Championship, Minneapolis, MN