Browsing by Author "Strzalecki, Tomasz"

Now showing items 1-14 of 14

    • Axiomatic Foundations of Multiplier Preferences 

      Strzalecki, Tomasz (The Econometric Society, 2011)
      This paper axiomatizes the robust control criterion of multiplier preferences introduced by Hansen and Sargent (2001). The axiomatization relates multiplier preferences to other classes of preferences studied in decision ...

    • Axiomatization and Measurement of Quasi-Hyperbolic Discounting 

      Montiel Olea, J. L.; Strzalecki, Tomasz (Oxford University Press (OUP), 2014)
      This article provides an axiomatic characterization of quasi-hyperbolic discounting and a more general class of semi-hyperbolic preferences. We impose consistency restrictions directly on the intertemporal trade-offs by ...

    • Collective Action, Heterogeneous Loyalties and Path Dependence: Micro-evidence from Senegal 

      Platteau, Jean-Philippe; Strzalecki, Tomasz (Oxford University Press, 2004)
      In Senegal, we encountered a situation in which a minority group of migrant fishermen had completely different sets of expectations regarding a collective action depending on the location where they operated. In one village ...

    • Depth of Reasoning and Higher Order Beliefs 

      Strzalecki, Tomasz (Elsevier BV, 2014)
      As demonstrated by the email game of Rubinstein (1989), the predictions of the standard equilibrium models of game theory are sensitive to assumptions about the fine details of the higher order beliefs. This paper shows ...

    • Dynamic Logit with Choice Aversion 

      Fudenberg, Drew; Strzalecki, Tomasz (The Econometric Society, 2015)
      We characterize a generalization of discounted logistic choice that incorporates a parameter to capture different views the agent might have about the costs and benefits of larger choice sets. The discounted logit model ...

    • Efficient Allocations under Ambiguity 

      Strzalecki, Tomasz; Werner, Jan (Elsevier, 2011)
      Important implications of the expected utility hypothesis and risk aversion are that if agents have the same probability belief, then consumption plans in every efficient allocation of resources under uncertainty are ...

    • Essays on Econometrics and Decision Theory 

      Montiel Olea, Jose Luis (2013-09-24)
      This dissertation presents three essays. The first essay, coauthored with Tomasz Strzalecki, is a classical exercise in axiomatic decision theory. We propose a simple and novel axiomatization of quasi-hyperbolic discounting, ...

    • Essays on Random Choice 

      McClellon, Morgan (2015-05-13)
      Chapter 1 introduces and axiomatizes a new class of representations for incomplete preferences called confidence models, which describe decision makers who behave as if they have probabilistic uncertainty over their true ...

    • Games and Decision Under Uncertainty 

      Iijima, Ryota (2016-05-12)
      This dissertation presents three independent essays in microeconomic theory. Chapter 1 (co-authored with Akitada Kasahara) studies the implications of gradual adjustment in strategic interactions, relative to the one-shot ...

    • How Much Would You Pay to Resolve Long-Run Risk? 

      Epstein, Larry G.; Farhi, Emmanuel; Strzalecki, Tomasz (American Economic Association, 2014)
      Though risk aversion and the elasticity of intertemporal substitution have been the subjects of careful scrutiny, the long-run risks literature as well as the broader literature using recursive utility to address asset ...

    • Probabilistic Sophistication and Variational Preferences 

      Strzalecki, Tomasz (Elsevier, 2011)
      This paper shows that in the class of variational preferences the notion of probabilistic sophistication is equivalent to expected utility as long as there exists at least one event such that the independence axiom holds ...

    • Stochastic Choice and Revealed Perturbed Utility 

      Fudenberg, Drew; Iijima, Ryota; Strzalecki, Tomasz (The Econometric Society, 2015)
      Perturbed utility functions—the sum of expected utility and a nonlinear perturbation function—provide a simple and tractable way to model various sorts of stochastic choice. We provide two easily understood conditions each ...

    • Subjective Beliefs and Ex Ante Trade 

      Rigotti, Luca; Shannon, Chris; Strzalecki, Tomasz (Econometric Society, 2008)
      We study a definition of subjective beliefs applicable to preferences that allow for the perception of ambiguity, and provide a characterization of such beliefs in terms of market behavior. Using this definition, we derive ...

    • Temporal Resolution of Uncertainty and Recursive Models of Ambiguity Aversion 

      Strzalecki, Tomasz (Econometric Society, 2013)
      Dynamic models of ambiguity aversion are increasingly popular in applied work. This paper shows that there is a strong interdependence in such models between the ambiguity attitude and the preference for the timing of the ...