Publications

Articles

  1. “Bayes and Hurwicz without Bernoulli” (with P. Rich and J. Stecher), Journal of Economic Theory. 199, 105027, 2022.
  2. “Testing Dynamic Consistency and Consequentialism Under Ambiguity” (with H. Bleichrodt, J. Eichberger, D. Kelsey, and C. Li). European Economics Review, 134, 1-12, 2021.  On line appendix.
  3. Objective and Subjective Rationality and Decisions with the Best- and Worst-Case in Mind (with P. Rich and J. Stecher), Theory and Decision, 90, 309-320, 2021,  (DOI) 10.1007/s11238-020-09777-x
  4. “Ambiguity and Awareness: A Coherent Multiple Priors Model” (with A. Guerdjikova and John Quiggin), B.E. Journal of Theoretical Economics, 21(2), 571 – 612, 2021.
  5. “Costly self-control and limited willpower” (with S-L Hsieh and M-Y Liang),  Economic Theory 70, 607-632, 2020. (DOI) 10.1007/s00199-019-01231-6.
  6. “Contracting under Uncertainty: A Principal-Agent Model with Ambiguity Averse Parties” (with J.J. Kline and J. Quiggin), Games and Economic Behavior, 109, 582-597, 2018.
  7. “The evolution of awareness” (with J. Quiggin), Journal of Economic Psychology, 63, 86-92, 2017. http://dx.doi.org/10.1016/j.joep.2017.01.010
  8. “Randomization and dynamic consistency“ (with J. Eichberger and D. Kelsey), Economic Theory 62, 547-566, 2016.
  9. “Savage Games” (with I. Meneghel and R. Tourky), Theoretical Economics 11, 641-682, 2016.
  10. “A theory of robust experiments for choice under uncertainty” (with J. Kline, I. Meneghel, J. Quiggin and R. Tourky), Journal of Economic Theory 165, 124-151, 2016.
  11. “Sub-models for Interactive Unawareness” (with J. Kline, Patrick O’Callaghan and J. Quiggin), Theory and Decision 79, 601-613, 2015.
  12. “A preference model for choice subject to surprise” (with J. Quiggin), Theory and Decision 79, 167-180, 2015.
  13. “A matter of interpretation: ambiguous contracts and liquidated damages,” (with J. Kline and J. Quiggin), Games and Economic Behavior 85, 180-187, 2014.
  14. “A two-parameter model of dispersion aversion,” (with R. Chambers, B. Polak and J. Quiggin), Journal of Economic Theory 150, 611-641, 2014.
  15. “Inductive reasoning about unawareness,” (with J. Quiggin), Economic Theory, 54, 717-755, 2013.
  16. “Bounded awareness, heuristics and the Precautionary Principle,” (with J. Quiggin), Journal of Economic Behavior and Organization, 93, 17-31, 2013.
  17. “Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion,” (with B. Polak), Journal of Economic Theory, 148, 1361-1398, 2013.
  18. “Generalized neo-additive Capacities and Updating,” (with J. Eichberger and J-P Lefort), International Journal of Economic Theory, 8, 237-257, 2012.
  19. “When is ambiguity-attitude constant?,” (with J. Eichberger and D. Kelsey), Journal of Risk and Uncertainty, 45, 239-263, (DOI) 10.1007/s11166-012-9153-5, 2012.
  20. “A Generalized Representation Theorem for Harsanyi’s (Impartial) Observer,” (with A. Kajii, B. Polak and Z. Safra), Social Choice and Welfare, 39, 833-846, 2012.
  21. “Equally-distributed Equivalent Utility, Ex Post Egalitarianism and Utilitarianism,” (with A. Kajii, B. Polak and Z. Safra), Journal of Economic Theory, 147, 1545-1571, 2012.
  22. “Differential Awareness and Incomplete Contracts: a Model of Contractual Disputes,” (with J. Kline and J. Quiggin), Journal of Economic Behavior and Organization, 82, 494-504, 2012.
  23. “The α-MEU Model: A Comment,” (with D. Kelsey, J. Eichberger and G. Koshevoy), Journal of Economic Theory, 146, 1684-1698, 2011.
  24. “Generalized Utilitarianism and Harsanyi’s Impartial Observer Theorem,” (with A. Kajii, B. Polak and Z. Safra), Econometrica, 78(6), 1939-1971, 2010.
  25. “Comparing Three Ways to Update Choquet Beliefs,” (with J. Eichberger and D. Kelsey), Economic Letters, 107(2), 91-94, 2010.
  26. “Probabilistic Sophistication and Stochastic Monotonicity in the Savage Framework,” (with H. Oszoy and B. Polak), Mathematical Social Sciences, 55(3), 371-380, 2008.
  27. “Incorporating Fairness in Generalized Games of Matching Pennies,” (with R. Boylan), International Journal of Economic Theory, 4(4), 445-458, 2008.
  28. “Differentiating Ambiguity: A Comment,” (with J. Eichberger and D. Kelsey) Economic Theory, 36(2), 327-336, 2008.
  29. “Updating Choquet Beliefs”, (with D. Kelsey, J. Eichberger), Journal of Mathematical Economics, 43(7-8), 888-899, 2007.
  30. “Choice under Uncertainty with the Best and Worst in Mind: Neo-additive Capacities,” (with A. Chateauneuf and J. Eichberger), Journal of Economic Theory, 137, 538-567, 2007.
  31. “The Epsilon-Gini-Contamination Multiple Priors Model Admits a Linear-Mean-Standard-Deviation Utility Representation,” (with A. Kajii), Economic Letters, 95(1), 39-47, 2007.
  32. “Bayesian Beliefs with Stochastic Monotonicity: An Extension of Machina and Schmeidler” (with B. Polak), Journal of Economic Theory, 130, 264-282, 2006.
  33. “Auctions with Options for Reauction” (with A. Kajii, F. Menezes and M.J. Ryan), International Journal of Economic Theory, 2, 17-39, 2006.
  34. “The Risk Premium for Equity: Implications for Resource Allocation, Welfare and Policy” (with J. Quiggin), Australian Economic Papers, 45(3), 253-268, 2006.
  35. “Increasing Uncertainty: A Definition” (with J. Quiggin), Mathematical Social Sciences, 49(2), 117-141, 2005.
  36. “CEU Preferences and Dynamic Consistency” (with J. Eichberger and D. Kelsey), Mathematical Social Sciences, 49(2), 143-151, 2005.
  37. “A Note on Concave Utility Functions” (with M. Monti and D. Osherson), Mind and Society, 4(1), 85-96, 2005.
  38. “Why does it matter that beliefs and valuations be correctly represented?” (with E. Karni), International Economic Review, 46(3), 917-934, 2005.
  39. “What Does the Equity Premium Mean?” (with J. Quiggin), The Economists’ Voice, 2(4), Article 2, 2005.
  40. “A Theory of Quantifiable Beliefs” (with E. Karni), Journal of Mathematical Economics, 40(5), 515-546, 2004.
  41. “Noise Trader Risk and the Welfare Effects of Privatization” (with J. Quiggin), Economics Bulletin, 5(9), 1-8, 2004.
  42. “A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility” (with A. Chateauneuf and J. Eichberger), Economic Theory, 22(4), 907-915, 2003.
  43. “Public investment and the risk premium for equity” (with J. Quiggin), Economica, 70(277), 1-18, 2003.
  44. “Corrigendum to `Bargaining and Boldness’ [Games Econ. Behav. 38 (2002) 28–51]” (with A. Burgos and A. Kajii), Games and Economic Behavior, 41(1), 165-168, 2002.
  45. “Bargaining and Boldness” (with A. Burgos and A. Kajii), Games and Economic Behavior, 38(1), 28-51, 2002.
  46. “The risk premium for equity: implications for the proposed diversification of the social security trust fund”, (with J. Quiggin), American Economic Review, 92(5), 1104-1115, 2002.
  47. “On the Equivalence of Preferences” (with E. Karni), Economic Letters, 70(3), 341-348, 2001.
  48. “Different notions of disappointment aversion” (with A. Kajii and B. Polak), Economic Letters, 70(2), 203-208, 2001.
  49. ” `Third down with a yard to go’: recursive expected utility and the Dixit-Skeath conundrum” (with B. Polak and A. Kajii), Economic Letters, 73(3), 275-286, 2001.
  50. “Preference for Information and Dynamic Consistency” (with A. Kajii and B. Polak), Theory and Decision, 48(3), 263-286, 2000.
  51. “Decomposable Choice” (with B. Polak and A. Kajii), Journal of Economic Theory, 92(2), 169-197, 2000.
  52. “Temporal Resolution of Uncertainty and Recursive Non-Expected Utility Models” (with A. Kajii and B. Polak), Econometrica, 68(2), 425-434, 2000.
  53. “The interaction between the equity premium and the risk-free rate” (with J. Quiggin), Economic Letters, 69(1), 71-79, 2000.
  54. “First Author Conditions” (with M. Engers, J. Gans, and S.P. King), Journal of Political Economy, 107(4), 859-883, 1999.
  55. “Myopic Corporate Behaviour with Optimal Management Incentives” (with G. Garvey and S.P. King), Journal of Industrial Economics, 47(2), 231-250, 1999.
  56. “On Relative Performance Contracts and Fund Managers’ Incentives” (with J. Eichberger and S.P. King), European Economic Review, 43(1), 135-161, 1999.
  57. “Intrinsic Preference for Information” (with B. Polak and A. Kajii), Journal of Economic Theory, 83, 233-259, 1998.
  58. “The Meeting Place Problem: Salience and Search” (with J. Quiggin), Journal of Economic Behavior and Organization, 33, 271-283, 1998.
  59. “AUSI Expected Utility: An Anticipated Utility Theory of Relative Disappointment Aversion” (with A. Kajii), Journal of Economic Behavior and Organization, 37, 277-290, 1998.
  60. “Talking Down the Firm: Short-term Market Manipulation and Optimal Management Compensation” (with G. Garvey and S.P. King), International Journal of Industrial Organization, 16(5), 555-570, 1998.
  61. “Dynamically Consistent Preferences with Quadratic Beliefs” (with J. Eichberger), Journal of Risk and Uncertainty, 14(2), 189-207, 1997.
  62. “Strategic Trade Policy under Uncertainty: Sufficient Conditions for the Optimality of Ad Valorem, Specific and Quadratic Trade Taxes” (with J. Quiggin), International Economic Review, 38(1), 187-204, 1997.
  63. “The Fiscal Dividend Myth of an Income/Sales Tax Switch” (with S.P. King), Australian Economic Papers, 36, 167-178, 1997.
  64. “Capital Precommitment and Competition in Supply Schedules” (with J. Quiggin), Journal of Industrial Economics, 44, 427-441, 1996.
  65. “Information Externalities, Share-Price Based Incentives and Managerial Behaviour” (with S.P. King and B. Polak), Journal of Economic Surveys, 10, 1-21, 1996.
  66. “A Strong (Ross) Characterisation of Multivariate Risk Aversion”, Theory and Decision, 38, 131-152, 1995.
  67. “A Cardinal Characterization of the Rubinstein-Safra-Thomson Axiomatic Bargaining Theory” (with A. Kajii), Econometrica, 63, 1241-1249, 1995.
  68. “Subjective Probability without Eventwise Monotonicity: or How Machina’s Mom May also be Probabilistically Sophisticated”, Econometrica, 63, 159-189, 1995.
  69. “Nash Equilibrium with Markup-Pricing Oligopolists” (with J. Quiggin), Economic Letters, 45, 246-251, 1994.
  70. “The Treatment of Deductions under a Sales Tax” (with S.P. King), Australian Economic Papers, 33, 21-26, 1994.
  71. “Many Good Risks: An Interpretation of Multivariate Risk and Risk Aversion without the Independence Axiom” (with A. Kajii and B. Polak), Journal of Economic Theory, 56, 338-351, 1992.
  72. “Many Good Choice Axioms: When Can Many be Treated as One?” (with A. Kajii and B. Polak), Journal of Economic Theory, 56, 313-337, 1992.
  73. “Implementing the core of a two-person pure allocation game without free disposal or integer games” (with A. Kajii, S. Peterson and B. Polak), Economic Letters, 37, 223-227, 1991.

Contributed Book Chapters

  1. “Expected Utility Theory,” (with T. Van Zandt), in Handbook of Rational and Social Choice, eds P. Anand, P. Pattanaik and C. Puppe, Oxford University Press, Oxford, 2009: 21-68.
  2. “Conjectures, refutations and discoveries: incorporating new knowledge in models of belief and decision under uncertainty,” (with J. Quiggin) in Uncertainty and Risk: Mental, Formal and Experimental Representations (Theory and Decision Library C), eds M. Abdellaoui, D. Luce, M. J. Machina and B. Munier, Springer, 2007: 9-26.
  3. “The equity premium puzzle and the privatisation paradox”, (with J. Quiggin), in Productivity Commission and Australian National University, 1998 Industry Economics Conference, Conference Proceedings, Ausinfo, Canberra, Australia, 1998: 3-22.
  4. “Risk assessment and Creutzfeldt-Jakob disease”, in Mad Cows and Modernity: Cross-disciplinary Reflections on the Crisis of Creutzfeldt-Jakob Disease, Humanities Research Centre Monograph, Australian National University, Canberra, Australia, 1998: 84-94.
  5. “Dynamically consistent preferences, quadratic beliefs and choice under uncertainty”, in R. Nau, E. Grønn, M. Machina and O. Bergland (eds), Economic and Environmental Risk and Uncertainty: New Models and Methods, Kluwer Academic Publishers, Dordrecht, The Netherlands, 1997: 195-205.
  6. “Auctions and privatisation: a non-techinical introduction”, in K. Davis and I. Harper (eds) Privatisation: Financial Implications, Allen & Unwin, Melbourne, 1993: 134-149.