1 Introduction: An Affirmative View of Microeconomic Theory -- 2 Alternatives to Expected Utility Theory for Risky Decisions -- 3 Consumer Learning and Optimal Pricing Strategies for Products of Unknown Quality -- 4 Rationality and Social Choice -- 5 Resolution of Paradoxes in Social Choice -- 6...

"This is the first of two volumes containing papers and commentaries presented at the Eleventh World Congress of the Econometric Society, held in Montréal, Canada in August 2015. These papers provide state-of-the-art guides to the most important recent research in economics today. This book...