Yianis Sarafidis

Learn More
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 consumers? 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)
Best Available Techniques (BATs) contribute significantly to the reduction of industrial environmental burdens with respect to air pollution, wastewater, and solid wastes. In Europe, the application of BATs is prescribed by Directive 96/61/EC, which, however, leaves the selection of specific BATs to plant operators. In making their choices, installations(More)
  • 1