Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Chapter 1 Models for Discontinuous Markets -- Risk Models and Model Risk -- Time-Invariant Models and Crisis -- Ergodic Stationarity in Classical Time Series Analysis -- Recalibration Does Not Overcome the Limits of a...

This paper considers a two-stage sequential investment problem where the principal wishes to cancel the project if it fails in the first stage. Suppose that only the first-stage agent can observe the outcome in the first stage. There are two organizational forms to choose from: integration,...

This paper studies markets, such as Internet marketplaces for used cars or mortgages, in which consumers engage in sequential search. In particular, we consider the impact of information-brokers (experts) who can, for a fee, provide better information on true values of opportunities. We...

This article uses data from NASCAR to examine strategic decision making with professional players and high stakes. The authors look at driver decisions to pit, enabling car performance to be improved at the cost of track position. Unlike other sports choices that have been used to test...