Recent Papers

"Reverse Bayesianism": A Choice-Based Theory of Growing Awareness

"Ambiguity Attitudes: An Experimental Investigation"

"Expected Multi-Utility Representations"

"Subjective Expected Utility with Incomplete Preferences"

"Axiomatic Foundations of Expected Utility and Subjective Probability"

"Bayesian Decision Theory with Action-Dependent Probabilities and Risk-Attitudes"

"Helping Patients and Physicians Reach Individualized Medical Decisions: Theory and Application to Prenatal Diagnostic Testing"

"Continuity, Completeness and the Definition of Weak Preferences"

"Red Herrings: Some Thoughts on the Meaning of Zero-Probability Events and Mathematical Modeling"

"Subjective Probabilities on a State Space"

"A Theory of Medical Decision Making under Uncertainty"

Economics 615 -- Mathematical Methods in Economics I:
This graduate course covers some topics in real analysis and static optimization theory. Topics include: Sets and operations on sets; topological concepts in metric spaces; linear spaces and convex analysis; nonlinear programming.

Economics 611 -- Economics of Uncertainty:
This graduate course explores theories of individual decision making under uncertainty. Topics covered include: the foundations of subjective expected utility theory; the theory of risk aversion; the theory of stochastic dominance; nonexpected utility theories. The emphasis in this course is on theory, the implications of the theoretical concepts and ideas, however, are illustrated by application to portfolio selection theory and insurance economics.

Economics 612 -- Economics of Information:
This graduate course provides an economic analysis of economic institutions designed to mitigate the welfare loss associated with disincentives in presence of asymmetric information. Topics covered include: the theory of contracts in the presence of moral hazard; equilibrium analysis in the presence of adverse selection ; the theory of auctions.