Exploring the Key Factors for Preventing Public Health Crises Under Incomplete Information

Cooperation under Incomplete Information on the Discount Factors

In the repeated Prisoner’s Dilemma, when every player has a different discount factor, the grim-trigger strategy is an equilibrium if and only if the discount factor of each player is higher than some threshold. What happens if the players have incomplete information regarding the discount factors? In this work we look at repeated games in which each player has incomplete information regarding ...

Bargaining under Incomplete Information

Public health policy for preventing violence.

The current epidemic of violence in America threatens not only our physical health but also the integrity of basic social institutions such as the family, the communities in which we live, and our health care system. Public health brings a new vision of how Americans can work together to prevent violence. This new vision places emphasis on preventing violence before it occurs, making science in...

Skill Formation under Incomplete Information

We consider an economic model of child development with multiple stages. Due to incomplete information, parents are not able to tailor their investments to their child's type when the child is young. We show that incomplete information weakens the importance of early investments in children when inter-stage investments are easily substitutable, but strengthens them when substitution is difficul...

Hedging Demands under Incomplete Information

I present a model of consumption and portfolio choice under market incompleteness and imperfect information regarding the investment opportunity set. I solve analytically the consumption and portfolio choice problem for an investor learning about the true state of the economy. When prices are the only observations, the previously unspanned state variables are spanned by the market securities un...