Organizers:
Prof Eric Maskin (Harvard University)
Prof Eyal Winter (The Hebrew Univeristy)
Decision making is at the heart of economics: production, exchange, and consumption are all the result of choices made by individual agents. For over sixty years, the benchmark framework for studying agents’ decisions whose consequences are uncertain has been the expected utility model. But anomalies from experimental work in psychology and behavioral economics have led to revisions of expected utility and of utility theory more generally. The Summer School will explore both the standard model and some of the most important alternatives.
Lecturers:
Maya Bar-Hillel, The Hebrew University
Itzhak Gilboa, Tel Aviv University
Daniel Kahneman, Princeton University
David Laibson, Harvard University
Mark Machina, University of California, San Diego
Eric Maskin, Harvard University
Wolfgang Pesendorfer, Princeton University
Ariel Rubinstein, Tel Aviv University
Eyal Winter, The Hebrew University
Organizers:
Prof Eric Maskin (Harvard University)
Prof Eyal Winter (The Hebrew Univeristy)
Decision making is at the heart of economics: production, exchange, and consumption are all the result of choices made by individual agents. For over sixty years, the benchmark framework for studying agents’ decisions whose consequences are uncertain has been the expected utility model. But anomalies from experimental work in psychology and behavioral economics have led to revisions of expected utility and of utility theory more generally. The Summer School will explore both the standard model and some of the most important alternatives.
Lecturers:
Maya Bar-Hillel, The Hebrew University
Itzhak Gilboa, Tel Aviv University
Daniel Kahneman, Princeton University
David Laibson, Harvard University
Mark Machina, University of California, San Diego
Eric Maskin, Harvard University
Wolfgang Pesendorfer, Princeton University
Ariel Rubinstein, Tel Aviv University
Eyal Winter, The Hebrew University