Testing the equality of percentiles (quantiles) between populations is an effective method for robust, nonparametric comparison, especially when the distributions are asymmetric or irregularly shaped. Unlike global nonparametric tests for homogeneity such as the Kolmogorv-Smirnov test, testing the equality of a set of percentiles (i.e., a percentile profile) yields an estimate of the location a...

* We thank Fatma Lajeri-Chaherli for helpful comments on a previous version. We also owe thanks to Marco LiCalzi and two anonymous referees for advice and fruitful criticism.

Researchers have shown that many, though not all, of the basic results of expected utility analysis can be more or less directly generalized to non-expected utility preferences. This paper describes the essential difference between results which can be extended in this manner and those which cannot and shows that an important family of comparative statics theorems falls into the former class. J...

This paper contains an analysis of a simple principal-agent problem illustrating possible problems that may arise when the prinicpal ascribes to the agent subjective probabilities and utilities that are implied by the subjective expected utility model but do not represent the agent’s beliefs and valuations. In particular, it is possible that an incentive contract designed by the principal induc...

In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness and axiomatizes a probabilistic sophisticated representation of beliefs about ignorance and subjectiv...

Having analytical instances of the eigenstate thermalization hypothesis (ETH) is of obvious interest, both for fundamental and applied reasons. This is generally a hard task, due to the belief that nonlinear interactions are basic ingredients of the thermalization mechanism. In this article we prove that random Gaussian-free fermions satisfy ETH in the multiparticle sector, by analytically comp...