Thomas Philippon, Cecilia Parlatore Apr 26,2022
We develop a tractable framework to study the optimal design of stress scenarios. A principal wants to manage the unknown risk... Read More
Thomas Philippon, Cecilia Parlatore Apr 26,2022
We develop a tractable framework to study the optimal design of stress scenarios. A principal wants to manage the unknown risk... Read More
Alice Hsiaw, Ing-Haw Cheng Nov 14,2022
Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception:... Read More
Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More
Brendan Daley , Brett Green May 04,2017
We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gradually learning... Read More