An agent must verify that n objects are present. While counting, the agent might lose track and need to start over. The scheme that minimizes the expected counting time involves several layers in which objects are grouped into stacks, which are grouped into stacks of stacks, and so on. The size...

This paper compares the principal's payoff in agency models under different assumptions about the agent's access to information. The agent may make decisions before (is uninformed) or after (is informed) learning the state of nature. When there are two possible outcomes, the principal typically...

This paper comments on "On the Potential of Neuroeconomics: A Critical (but Hopeful) Appraisal" by B. Douglas Bernheim. (JEL D01, D87)