We provide a result on prospect theory decision makers who are naive about the time inconsistency induced by probability weighting. If a market offers a sufficiently rich set of investment… Expand

We explore the learning process and behavior of an individual with unrealistically high expectations (overconfidence) when outcomes also depend on an external fundamental that affects the optimal… Expand

A randomized mechanism strictly outperforms all deterministic mechanisms in terms of worst case guarantee and resolves a question in the design of revenue optimal mechanisms that have access to a single sample from an unknown distribution.Expand

We consider the sequential sampling problem of Wald (1945). The static cost of attaining any experiment is equal to the expectation of the log likelihood ratio. This equivalence between sequential… Expand

We model the joint distribution of choice probabilities and decision times in binary decisions as the solution to a problem of optimal sequential sampling, where the agent is uncertain of the utility… Expand

We analyze how to optimally engage in social distancing (SD) in order to minimize the spread of an infectious disease. We identify conditions under which the optimal policy is single-peaked, i.e.,… Expand

We model the joint distribution of choice probabilities and decision times in binary choice tasks as the solution to a problem of optimal sequential sampling, where the agent is uncertain of the… Expand

It is argued that a quantum spin-glass phase can appear, with a random linear combination of the cavity modes superradiant, in the multimode Dicke model with variable atom-photon couplings.Expand