… When multiple equilibrium points can be Pareto ranked, it is possible to use concepts of
efficiency to select a subset of selfenforcing equilibrium points: examples include R. Duncan …

Deductive equilibrium analysis often fails to provide a unique equilibrium solution in many
situations of strategic interdependence. Consequently, a theory of equilibrium selection would …

… A more coherent picture emerges when a study with relatively small numbers of nonhuman
subjects, undertaken by Green, Kagel & Battalio (in press), is considered along with the …

We provide evidence that identifiable subsets of investors use significantly different information
sets. Investors initiating large trades respond to analysts’ earnings forecast errors, while …

… Assuming that the gains function u() is strictly concave and continuous with u(0) r 0, then
it is well known that u(r)/t decreases with t for all t > 0. Thus u(6)/6 > u(20)/20 or u(6)/u(20) > .3. …

This book details the results of the authors' research using laboratory animals to investigate
individual choice theory in economics--consumer-demand and labor-supply behavior and …

Publisher Summary This chapter introduces a framework borrowed from economics within
which choices between different commodities may be studied in a consistent manner. This …

… Our analysis of games 2R, R, and 0.6R is motivated by the … in game R and six tenths as large
in game 0.6R as it is in game R. … premia of games 2R, R, and 0.6R to induce systematically …

… is the put's bid price, EEP is the early exercise premium, r L is the T-bill lending rate, T is the
… where C Bid is the call's bid price, P Ask is the put's ask price, and r B is the T-bill borrowing …

We examine how the September 2008 short sale restrictions and the accompanying confusion
and regulatory uncertainty impacted equity option markets. We find that the short sale ban …