Thomas S. Gruca
George Daly Professor in Marketing and Director, Iowa Electronic Markets
Current Positions
- George Daly Professor in Marketing, Marketing
- Director, Iowa Electronic Markets, Marketing
- Professor, Marketing
Education
- PhD in Decision and Information Sciences, University of Illinois Urbana-Champaign
- MBA in Management Information Systems, University of Illinois Urbana-Champaign
- BS in Mathematics and Computer Science, University of Illinois-Chicago
Research Interests
- Health Care
- Prediction Markets
- Marketing/Finance Interface
Selected Awards & Honors
- MBA Marketing Professor of the Year - Tippie College of Business, 2019
- MBA Marketing Professor of the Year - Tippie College of Business, 2018
- President & Provost Award for Teaching Excellence - University of Iowa, 2018
- MBA Marketing Professor of the Year - Tippie College of Business, 2017
- MBA Alumni Faculty Award - Tippie College of Business, 2017
- MBA Marketing Professor of the Year - Tippie College of Business, 2016
- Iowa MBA Instructor of the Year - Core, 2014
- MBA Marketing Professor of the Year - Tippie College of Business, 2013
- MBA Marketing Professor of the Year - Tippie College of Business, 2006
Selected Publications
- Karmini Motahhar, V. & Gruca, T. (2025). Modeling Differences in Compensatory and Non-Compensatory Biases in Geopolitical Forecasts. International Journal of Forecasting. 41 (2) pp. 487-498.
- Gruca, T. & Rietz, T. (2025). Iowa Electronic Markets: Forecasting the 2024 U.S. Presidential Election. PS: Political Science & Politics. 58 (2) pp. 258-266. DOI: doi:10.1017/S1049096524000921.
- Karimi Motahhar, V., Gruca, T., & Tavakoli, M. H. (2025). Emotions and the Status Quo: The Anti-Incumbency Bias in Political Prediction Markets . International Journal of Forecasting. 41 (2) pp. 571-579. DOI: https://doi.org/10.1016/j.ijforecast.2024.06.003.
- Bae, Y., Gruca, T., Russell, G., & Lim, H. (2024). Category-level drivers of the market share-rank power law relationship. European Journal of Marketing. DOI: https://doi.org/10.1108/EJM-05-2022-0360.
- Bell, J., Lee, S., & Gruca, T. (2024). Bringing the Doctor to the Patients: Competition and Cardiology Outreach to Rural Areas. Journal of Marketing. 88 (1) pp. 31-52.
- Kim, S. & Gruca, T. (2024). Net Promoter Score and Future Consumer Behavior in the Casino Gaming Industry. International Journal of Market Research. 66 (2-3) pp. 345-358. DOI: 10.1177/14707853231198777.
- Radke, S., Smeins, L., Ryckman, K., & Gruca, T. (2023). Closure of Labor & Delivery units in rural counties is associated with reduced adequacy of prenatal care, even when prenatal care remains available. The Journal of Rural Health. 39 (4) pp. 746-755.
- Berg, J., Gruca, T., & Rietz, T. (2023). Iowa Electronic Markets Seat Distribution Forecasts for the 2022 US House and Senate Elections: A Retrospective. Polity. 55 (3). DOI: https://doi.org/10.1086/725241.
- Berg, J., Gruca, T., & Rietz, T. (2022). Designing Prediction Markets to Forecast Multi-Stage Elections: Market Design for the 2022 French Presidential Election. PS: Political Science & Politics. 55 (4) pp. 719-725. DOI: doi:10.1017/S104909652200052X.
- Zhu, J., Gruca, T., & Rego, L. (2021). What Drives Brand Equity? A Comprehensive Study of Price and Volume Premiums In Marketing Accountability for Marketing and Non-Marketing Outcomes (Review of Marketing Research). (Vols. 18) pp. 75-109. Kumar, V. and Stewart, D.W. (Eds.) Emerald Publishing Ltd.. DOI: doi.org/10.1108/S1548-643520210000018004.
Selected Presentations
- "Iowa Electronic Markets: Forecasting the 2024 U.S. Elections," Guest/Invited Speaker at American Political Science Association Annual Meeting, Philadelphia, Pennsylvania, September 2024.
- "Peering into the Black Box: An Analysis of Trader Strategies," Guest/Invited Speaker at American Political Science Association Annual Meeting, Los Angeles, California, September 2023.
- "Pricing Power: Measures, Trends and Impact on Firm Value," Accepted Speaker at Marketing Strategy Meets Wall Street Conference, Chicago, Illinois, August 2022.
- "The Time-varying Associations between Customer Satisfaction, Future Cash flow, and Shareholder Value," Accepted Speaker at Winter AMA Academic Conference, February 2022.
- "Maternal Health Equity: Community Factors: Labor & Delivery Closures," Guest/Invited Speaker at Public Health Conference of Iowa, April 2021.
- "Trends in Medical Oncology Outreach in Iowa," Guest/Invited Speaker at University of Iowa, Iowa City, Iowa, February 2015.
- "What Can Markets Teach Us, and Can They Really Predict? - External Prediction Markets," at Collective Intelligence Forum II, Phoenix, Arizona, October 2008.
- "Brand Equity, Firm Performance and Shareholder Value," Keynote Speaker at ANPAD, Curitiba, Brazil, May 2008.
- "Wisdom within the crowd: Does better information lead to higher returns?," Guest/Invited Speaker at INFORMS ISMS Marketing Science Conference, Ann Arbor, Michigan, July 2009.
Selected Grants & Contracts
- Gruca, T. (Co-Principal), Principal Investigator(s): Berg, J. Rietz, T. & Forsythe, R. Active Learning in Undergraduate Education Using the Iowa Electronic Markets (IEM). National Science Foundation (NSF). Funded. January 2000 - December 2003.
- Gruca, T. (Co-Principal), Principal Investigator(s): Berg, J., Rietz, T. & Forstyhe, R. Enhancing Economic Literacy Through the Iowa Electronic Market. United States Department of Education. January 1997 - December 2000.
Working Papers
- Pyo, T., Gruca, T., & Russell, G. (2018). A New Generalized Bass Model Utilizing Social Network Data.
Employment History
- Faculty Director, MBA Marketing Career Academy, University of Iowa, 2008 - 2019
- PhD Program Director, Marketing Department, University of Iowa, 2008 - 2014
- Henry B. Tippie Professor of Marketing, Marketing, University of Iowa, 2006 - 2021