Working papers

All downloads are in .pdf format

• "Ambiguity Aversion: An Axiomatic Approach Using Second Order Probabilities," April 1993. Download
  Revised and updated version: "A Simplified Axiomatic Approach to Ambiguity Aversion," March 2009. Download


• "Ambiguity Aversion and Hedging," August 2007.
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• "An Axiomatic Characterization of the Fehr-Schmidt Model of Inequity Aversion" has been revised and expanded. Its new title is "Axiomatic Reference Dependence in Behavior Toward Others and Toward Risk."


• "Endogenous Games, Multiculuralism and Assimilation," with John Conley, March 2009.
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• "Enforcement Leverage with Fixed Inspection Capacity," written with Lirong Liu, June 2009.
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• "High Scores but Low Skills," with Liqun Liu, March, 2009.
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• "Impulsive Actions and Agonizing Decisions," July 2008.
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• "Incentives under Weather Derivatives vs. Crop Insurance," with Timothy Gronberg, July 2007.
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• "Is Competition Among Charities Bad?" with Inkyung Cha, December 2001.
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• "Terrorism and Counterterrorism," with Paan Jindapon, January 2008.
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• "Value and Outcome Uncertainty as (Further) Explanations for the WTA vs WTP Disparity," with Michael McKee and Robert P. Berrens, January 2002.
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• "Victory and Defeat in Behavior Toward Risk," September 2006.
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• "Voluntary Pollution Abatement when Emissions are Not Monitored," with Geum Soo Kim, February 2005.
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