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A conditional probability hierarchy for stochastic choice
We introduce point conditional probability spaces (PCPSs) as primitive building blocks for stochastic choice. This concept goes back to …
Erya Yang and Adam Brandenburger
DOI
Random Quasi-linear Utility
We propose a random quasi-linear utility model (RQUM) where quasi-linear utility functions are drawn randomly via some probability …
Erya Yang and Igor Kopylov
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Reduced-Form Mechanism Design and Fairness Constraints
This paper incorporates fairness constraints into the classic single-unit reduced-form implementation problem (Border, 1991, 2007; Che, …
Erya Yang
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Optimism and pessimism in bargaining and contests
This paper uses the rank-dependent expected utility (RDEU) model to capture the effects of optimism and pessimism on the choice between …
Erya Yang
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