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Thaler and Sunstein (2008) advance the concept of ‘nudge’ policies—non-regulatory and non-fiscal mechanisms designed to enlist people's cognitive biases or motivational deficits so as to guide their behaviour in a desired direction. A core assumption of this approach is that policymakers...
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1. Introduction to causal analysis -- 2. Qualitative causal models -- 3. Application : interview case study -- 4. Quantitative causal models -- 5. Situational analysis -- 6. Application : modeling business financials -- 7. Single-agent interventions -- 8. Application : disrupting the taxi...
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Formal contracting addresses the moral hazard problems inherent in interfirm deals via explicit terms designed to achieve incentive alignment. Alternatively, when firms expect to interact repeatedly, relational mechanisms may achieve similar results without the associated costs. However, as we...
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We analyze what can be inferred about a game's information structure solely from the probability distributions on action profiles generated during play; i.e., without reference to special behavioral assumptions or equilibrium concepts. Our analysis focuses on deriving payoff-independent...
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