Baba Shiv

Baba Shiv
Professor, Marketing
Contact Info
Academic Area: 

Additional Administrative Titles

  • Co-Director, The Emerging CMO: Strategic Marketing Leadership
  • Co-Director, Innovative Product Leadership: The Emerging Chief Product Officer
  • Director, The Innovative Technology Leader
  • Co-Director, Stanford Embark
  • Director, Stanford Go-to-Market – Mexico City
Co-Director, Stanford Go-to-Market – Botswana

Research Statement

Baba Shiv's research expertise is in the area of neuroeconomics, with specific emphasis on the role of neural structures related to emotion and motivation in shaping decisions and experiences. His recent work examines the interplay of the brain’s "liking" and "wanting" systems and its implications for marketing, innovation, leadership and decision making. The nature of the issues that he examines are: Does being denied something make people pursue it more hotly but also simultaneously like it less? Does a wine's price tag price affect the pleasure one experiences? In the past few years, he has also focused his attention onto the neuroeconomics behind innovation and entrepreneurship leadership in companies small and large, from silicon valley tech startups to Fortune 500 companies Baba Shiv teaches courses at the GSB that build on his research interests. Examples of some of the courses that he teaches include, "The Frinky Science of the Mind," "Scaling Design Thinking Globally," and "Collaborating with the Future." He frequently hosts executives from around the world in executive education programs at Stanford on strategic marketing management, design thinking and customer-focused innovation.


Baba Shiv is the Sanwa Bank, Ltd., Professor of Marketing at the Stanford Graduate School of Business.  He has done extensive work on the emotional brain, documenting its powerful role in shaping decisions and experiences. His work includes the application of neuroeconomics to the study and practice of innovation and entrepreneurial leadership in companies, from Silicon Valley startups to Fortune 500 companies, as well as countries including India, Malaysia and New Zealand. He frequently consults with and is on the advisory boards of several start-ups. His work has been featured in a variety of media outlets including The Tonight Show with Jay Leno, CNN, Economic Times, Fox Business, Financial Times, The New York Times, Wall Street Journal, NPR, and Radio Lab. Baba Shiv teaches courses at the GSB and the Hasso Plattner Institute of Design at Stanford, including “The Frinky Science of the Mind,” “Scaling Design Thinking Globally,” and “Crafting Interventions for Massive Change.” He frequently hosts executives from around the world in executive education programs at Stanford on strategy, entrepreneurial leadership, and customer-focused innovation.

Academic Degrees

  • PhD, Duke University, 1996
  • MBA, Indian Institute of Management, Ahmedabad, 1988
  • BE, College of Engineering, Guindy, Chennai, 1983

Academic Appointments

  • Sanwa Bank, Limited, Professor of Marketing, Stanford GSB, 2010-present
  • Professor of Marketing, Stanford GSB, 2008-2010
  • Associate Professor of Marketing (with tenure) and Ormond Family Faculty Fellow for 2006-2007, Stanford GSB, 2005-2007
  • Associate Professor (with tenure) and Henry B. Tippie Research Fellow, Department of Marketing, University of Iowa, 2002-2005
  • Assistant Professor, Department of Marketing, University of Iowa, 1996 - 2002
  • Instructor, Markets and Management Program, Duke University, 1994-1995

Professional Experience

  • Vadilal Enterprises Limited, Bombay, India (product launch of their ice cream in South India)
  • Blow Plast Limited, India (sales and new product introductions)
  • Larsen & Toubro Limited, India (Caterpillar Tractors and Poclain Hydraulic Excavators)

Awards and Honors

  • R. Michael Shanahan Faculty Fellow, Stanford GSB, 2013-2014
  • “Faculty of the year” for seven consecutive years, Tippie College of Business, University of Iowa, 1999-2005
  • “Outstanding Faculty” in the Business Week Guide to the Best Business Schools, 6th, 7th, and 8th Editions (McGraw-Hill), Marketing Science Institute, 1990


Journal Articles

Bella Rozenkrants, S. Christian Wheeler, Baba Shiv. Journal of Consumer Research. December 1, 2017, Vol. 44, Issue 4, Pages 759-777.
Aaron M. Garvey, Margaret G. Meloy, Baba Shiv. Journal of Marketing Research. October 2017, Vol. 54, Issue 5, Pages 785-798.
Jia S. Jayson, Jia Jianmin, Christopher K. Hsee, Baba Shiv. Psychological Science. January 2017, Vol. 28, Issue 1, Pages 23-35.
Baba Shiv, Uma R. Karmarkar, Rebecca M. C. Spencer. Journal of Behavioral Decision Making. January 2017, Vol. 30, Issue 1, Pages 70-79.
Jing Wang, Rui (Juliet) Zhu, Baba Shiv. Journal of Consumer Research. April 2012, Vol. 38, Issue 6, Pages 1116-1128.
Sarah G. Moore, David T. Neal, Gavan J. Fitzsimons, Baba Shiv. Organizational Behavior and Human Decision Processes. January 2012, Vol. 117, Issue 1, Pages 168–178.
Baba Shiv, Zakary Tormala. Journal of Consumer Research. 2012, Vol. 38, Issue 5, Pages 846-859.
Himanshu Mishra, Arul Mishra, Baba Shiv. Psychological Science. 2011, Vol. 22, Issue 6, Pages 733-738.
Ab Litt, Senia Maymin, Senia Maymin, Baba Shiv. Psychological Science. 2011, Vol. 22, Issue 4, Pages 523-531.
A. Litt, Uzma Khan, Baba Shiv. Psychological Science. January 2010, Vol. 21, Issue 1, Pages 118-125.
Baba Shiv, Ziv Carmon, Dan Ariely. Journal of Marketing Research. November 2005, Vol. 42, Issue 4, Pages 383-393.
Baba Shiv, Ziv Carmon, Dan Ariely. Journal of Marketing Research. November 2005, Vol. 42, Issue 4, Pages 410-414.
Rosellina Ferraro, Baba Shiv, James R. Bettman. Journal of Consumer Research. June 2005, Vol. 32, Issue 1, Pages 65-75.
Baba Shiv, George Loewenstein, Antoine Bechara. Cognitive Brain Research. April 2005, Vol. 23, Issue 1, Pages 85-92.
Baba Shiv, George Loewenstein, Antoine Bechara, Hanna Damasio, Antonio R. Damasio. Psychological Science. 2005, Vol. 16, Issue 6, Pages 435–439.
Gavan J. Fitzsimons, Baba Shiv. Journal of Consumer Research. September 2001, Vol. 28, Issue 2, Pages 224-238.
Baba Shiv, Alexander Fedorikhin. Journal of Consumer Research. 1999, Vol. 26, Issue 3, Pages 278-282.

Working Papers


Degree Courses


The thrust of this seminar is about designing effective and innovative solutions by leveraging deep insights into the workings of the human brain, specifically the instinctual brain. Designing solutions for organizations¿for example, "How do we...


The thrust of this seminar is about designing effective and innovative solutions by leveraging deep insights into the workings of the human brain, specifically the instinctual brain. Designing solutions for organizations¿for example, "How do we...

Executive Education & Other Non-Degree Programs

Stanford Case Studies

SAP Design Thinking Part A | SM250A
Baba Shiv, Matt Saucedo2016
SAP Design Thinking Part B | SM250B
Baba Shiv, Matt Saucedo2016
Atmel: Igniting the B2C in B2B | M360
Baba Shiv, David Hoyt2015
The Knight Management Center | RE135
Kathleen Kavanaugh, Jake Kraft, Baba Shiv2010

Stanford University Affiliations

Service to the Profession


  • Editor, Journal of Consumer Research
  • Editorial Board, Journal of Consumer Psychology
  • Editorial Board, Journal of Marketing Research

In the Media

TEDx, June 1, 2012
In a TEDx Stanford talk, the Stanford GSB's Baba Shiv explains why ceding control can sometimes be the best course of action.

Insights by Stanford Business

June 13, 2017
A new study examines the role self-expression plays in online buying decisions.
December 12, 2016
Long commute? Spend the time listening to these 10 Stanford Business stories.
October 26, 2016
Researchers use phone records to measure the “hedonic behavior” of earthquake victims.
March 2, 2016
Startups may embrace the “fail-fast” mantra, but many leaders are risk-averse.
May 7, 2014
A group of scholars show why what you see isn’t always what you get.
October 15, 2013
What neuroscience tells us about getting the best out of yourself, your colleagues, and the boss.
September 14, 2012
New research shows that seeing all your options at once makes you happier with the choice you make.
August 27, 2012
Professor Baba Shiv discusses how you can coax risk-averse managers to innovate.
August 16, 2012
The simple things your brain needs to perform at its creative best.
December 15, 2011
People who are lonely prefer products outside the mainstream, but only in private.
November 12, 2011
Baba Shiv's research reveals why hypothetical questions aren't as innocent as they seem.
June 1, 2011
Researchers say news about a company or product blemish may actually strengthen consumers’ positive impressions.
March 1, 2011
Research says how people approach failure can be key to their success.
January 1, 2011
New research says people are more likely to achieve a goal if it’s sketched out in vague terms than if it’s set in stone with a specific target.
August 1, 2009
Rejection increases people’s motivation to pursue that elusive objective. But there’s a catch.
March 1, 2008
Studies show that subjects report a medicine less effective when it doesn't cost as much.
January 1, 2008
A study shows that cost doesn't merely interfere with perceived quality, it actually affects real quality.
September 1, 2005
Research shows that how we feel can be the key to our success.
September 1, 2005
Researchers explore how feelings about mortality affect our self-esteem.

School News

December 11, 2019
Innovative online programs and on-the-ground teaching bring the Stanford GSB experience to Indian entrepreneurs and CEOs, and global study trips give students a broader global perspective.
October 30, 2019
Project-based courses pair students with external organizations to solve real-world business problems.
April 9, 2015
Information session for innovators with ready-to-launch business ideas will be held May 27.
January 31, 2011
Structured trips provide intellectual and emotional experiences with other cultures for Stanford MBA students learning to lead in a global economy.
May 1, 2009
School's MBA, PhD and master's students recognize three faculty members for their innovative teaching methods, enthusiasm and personal attention.
September 1, 2005
Three senior professors — in accounting, organizational behavior, and marketing — have joined the Stanford GSB faculty, along with six junior faculty.