This paper provides an analysis of discrimination and prejudices from the perspective of inductive game theory. We extend the festival game, originally given by Kaneko-Matsui, to ...
Paul Milgrom (The Bell Journal of Economics, 12(2): 380–391) showed that if the strict monotone likelihood ratio property (MLRP) does not hold for a conditional distribution the...
The paper develops a contracting model where the principal frames the contract when the agent is unaware of some contingencies, yet is aware that she may be unaware. We call the c...
We consider bargaining problems under the assumption that players are loss averse, i.e., experience disutility from obtaining an outcome lower than some reference point. We follow...