- Ph.D., Social and Decision Sciences, Carnegie Mellon University
- M.S., Behavioral Decision Making and Economics, Carnegie Mellon University
- B.S., Economics, The Wharton School, University of Pennsylvania
My research focuses on normative and descriptive approaches to decision making. I am specifically interested in the domains of finance and electric power markets. In simple terms, much of my research focuses on understanding what choices people actually make and what choices they should make and studying ways to narrow the gap between them. Sometimes this involves policy intervention, sometimes it involves the use of decision analysis models as decision aids, and sometimes it involves better communication with stakeholders.
My academic research has focused on methods for quantitative risk analysis, decision analysis, and simulation modeling, and on the economics of electric power markets. Outside of the academic world, I previously worked for many years in the private sector for a consulting company to the energy industry. In that capacity, I’ve testified before regulatory commissions on numerous occasions, including in some of the largest stranded cost proceedings in the country, as well as led client engagements involving the acquisition, sale, and financing of billions of dollars in energy infrastructure assets (such as power plants, transmission lines, and pipelines).
I hold an Adjunct Research Faculty appointment with the Carnegie Mellon Electricity Industry Center.My Google Scholar page is here.
- Anderson, J., D. Rode, H. Zhai, and P. Fischbeck. Fossil fuel options for power sector net-zero emissions with sequestration tax credits. Environmental Science & Technology 56 (2022): 11162-11171. http://dx.doi.org/10.1021/acs.est.1c06661
- Rode, D., and P. Fischbeck. The levelized cost of energy and regulatory uncertainty in plant lifetimes. The Engineering Economist 66:3 (2021): 187-205. http://dx.doi.org/10.1080/0013791X.2021.1933283
- Rode, D., and P. Fischbeck. On ambiguity reduction and the role of decision analysis during the pandemic. Risk Analysis 41:5 (2021): 721-730. http://dx.doi.org/10.1111/risa.13705
- Rode, D., and P. Fischbeck. Regulated equity returns: A puzzle. Energy Policy 133 (2019). http://dx.doi.org/10.1016/j.enpol.2019.110891
- Rode, D., and P. Fischbeck. Reduced-form models for power market risk analysis. Applied Energy 228 (2018): 1640-1655. http://dx.doi.org/10.1016/j.apenergy.2018.07.044
- Rode, D., P. Fischbeck, and A. Páez. The retirement cliff: Power plant lives and their policy implications. Energy Policy 106 (2017): 222-232. http://dx.doi.org/10.1016/j.enpol.2017.03.058
- Butts, C., and D. Rode. Rational and empirical play in the simple hot potato game. Social Forces 85:4 (2007): 1787-1806. http://dx.doi.org/10.1353/sof.2007.0064
- Miller, J., C. Butts, and D. Rode. Communication and cooperation. Journal of Economic Behavior and Organization 47:2 (2002): 179-195. http://dx.doi.org/10.1016/S0167-2681(01)00159-7
- Rode, D., B. Fischhoff, and P. Fischbeck. Catastrophic risk and securities design. Journal of Psychology and Financial Markets 1:2 (2000): 111-126. (now the Journal of Behavioral Finance) http://dx.doi.org/10.1207/S15327760JPFM0102_3