Strategic Electoral Rule Choice Under Uncertainty

Strategic Technology Choice and Capacity Investment Under Demand Uncertainty

This paper studies the impact of competition on a firm’s choice of technology (product-flexible or product-dedicated) and capacity investment decisions. Specifically, we model two firms competing with each other in two markets characterized by price-dependent and uncertain demand. The firms make three decisions in the following sequence: choice of technology (technology game), capacity investme...

Strategic Technology Adoption under Technological Uncertainty

Bargaining Under Strategic Uncertainty

This paper provides a novel understanding of delays in reaching agreements based on the idea of strategic uncertainty—i.e., the idea that a Bargainer may face uncertainty about her opponent’s play, even if there is no uncertainty about the structure of the game. It considers a particular form of strategic uncertainty, called on path strategic certainty. On path strategic certainty is the assump...

Decomposable Choice under Uncertainty

Savage motivated his sure thing principle by arguing that, whenever an act would be preferred if an event obtains and preferred if that event did not obtain, it should be preferred overall. The ability to decompose and recompose decision problems in this way has normative appeal. It does not, however, require the full separability embodied in Savage's axiom. We formulate a weaker axiom that suf...

Discrete Choice under Uncertainty

It is not unusual in real-life that one has to choose among …nitely many alternatives when the merits of each alternative are not perfectly known. A natural rule is then to choose the alternative which “looks”best. We show that a version of the monotone likelihood ratio property is su¢ cient, and also essentially necessary, for this decision rule to be optimal. We also analyze how the precision...