Y. Sarafidis

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We analyse the choices of 399 contestants in the Australian version of the television game show Deal or no Deal. We calculate risk-aversion bounds for each contestant , revealing considerable heterogeneity. We then estimate a structural stochastic choice model that captures the dynamic decision problem faced by contestants. To address individual(More)
How should a rational monopolist respond to boundedly rational con-sumers? This paper looks at the inter-temporal price discrimination game that arises when a monopolist faces naive-time-inconsistent consumers. En route to solving this game, we introduce two new solution concepts for dynamic games where some players are time inconsistent. The first solution(More)
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