Special Interests

The above tabs contain ideas, observations, and readings of intellectual interest that do not appear in the form of a paper.

Special Interests

The above tabs contain ideas, observations, and readings of intellectual interest that do not appear in the form of a paper.

Recent Working Papers
  • “This Time is Different.” **
  • “Uncertainty and Disagreement in Equilibrium Models,” with Eran Shmaya, 2012. Paper, slides. R&R, JPE.
  • “Learning and Long-Run Fundamentals in Stationary Environments,” with Eran Shmaya. Paper.
  • “An Economic Model of Induction,” with Luciano Pomatto and Alvaro Sandroni. Paper.
  • “Subjective Foundations of Objective Probability,” with Luciano de Castro, 2009. Paper, slides.
  • “Complexity and Undescribability,” with Luca Anderlini and Leonardo Felli. **
(** ) Contact me for the most recent version of these papers.


Recent Published Papers
  • “Merging and Testing of Opinions,” with Luciano Pomatto and Alvaro Sandroni. Paper. Forthcoming, Annals of Statistics.

  • “A Bayesian Framework for Precautionary Policies.” Forthcoming in Journal of Legal Studies. Paper,
    • Slides summarize this paper and other ideas on modeling Knightian Uncertainty.
    • Paper prepared for a law conference. Its style has in mind a general audience of legal scholars, climate scientists, and practitioners interested in Knightian Uncertainty.

  • “A Bayesian Model of Knightian Uncertainty,” with Jonathan Weinstein, 2012. Forthcoming in Theory and Decision. Paper. slides.

  • “Coarse Decision Making,” with Mallesh Pai, Journal of Economic Theory, 2014. Paper, slides.

  • “Parametric Representation of Preferences,” with Luciano de Castro, Journal of Economic Theory, 2014. Paper.
    • “Observability and Second ‘Order Acts’,” with Luciano de Castro, 2010. Paper. This short note explains in greater detail why ‘second-order acts’ do not make sense
    • This issue is discussed very briefly in the published “Parameteric Representation” paper above.

  • “A Difficulty with the Testing of Strategic Experts,” with A. Sandroni. Mathematical Social Sciences, 2013. Link to paper.

  • “Subjective Probability” with Luciano de Castro. The Wiley Encyclopedia of Operations Research and Management Science, 2011. Link to paper,

  • “Testing Theories with Learnable and Predictive Representations,” with Alvaro Sandroni, Rann Smorodinsky, and Jonathan Weinstein. Journal of Economic Theory, 2010. Link to paper, slides.

  • “Decision Makers as Statisticians: Diversity, Ambiguity, and Learning.” Econometrica, 2009. Link to paper.

  • “The ambiguity Aversion Literature: A Critical Assessment,” with Jonathan Weinstein. Economics and Philosophy, 2009 (lead paper in a special issue on ambiguity with replies and rejoinder). Links to paper, slides.

  • “Large Games and the Law of Large Numbers.” Games and Economic Behavior, 2009. Link to paper, slides.

  • “Market Forces Meet Behavioral Biases: Cost Mis-allocation and Irrational Pricing,” with S. Baliga and D. Besanko. RAND Journal of Economics, 2008. Link to paper, slides.


  • “Finitely Additive Representation of Lp Spaces.” Journal of Mathematical Analysis and Applications, 2008. Link to paper, slides .

  • “The Efficiency of Competitive Mechanisms under Private Information,” with Rann Smorodinsky. Journal of Economic Theory, 2007. Link to paper, slides.

  • “Undescribable Events” with Luca Anderlini and Leonardo Felli. Review of Economic Studies, 2006. Link to paper.

  • “Aggretation and the Law of Large Numbers in Large Economies” Games and Economic Behavior, 2004. Link to paper.

  • “Probabilistic Representation of Complexity” with Ramon Casadesus-Masanell and Emre Ozdenoren. Journal of Economic Theory, 2003. Link to paper.

  • “Large Non-Anonymous Games” with Rann Smorodinsky. Journal of Economic Theory, 2001. Link to paper.

  • “A Reputational Model of Authority” Journal of Economic Behavior and Organization, 2001. Link to paper.

  • “Pivotal Players and the Characterization of Influence with Rann Smorodinsky. Journal of Economic Theory, 2000. Link to paper.

  • “Provision of Public Goods with Bounded Project Cost” with Rann Smorodinsky. Economic Letters, 2000. Link to paper.


For papers published prior to 2000, see my vita.

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