We give simple proofs of refinements of the complexity results of Gilboa and Zemel (1989), and we derive additional results of this sort. Our constructions employ imitation games, which are two person games in which both players have the same sets of pure strategies and the second player wishes...

An imitation game is a finite two person normal form game in which the two players have the same set of pure strategies and the goal of the second player is to choose the same pure strategy as the first player. We explain how, in two different settings, observations obtained from imitation games...

We consider the optimality of liquidated damages contracts in a setting of contractual ambiguity and potential for disputes. We show that when parties are ambiguity averse enough, they will optimally choose liquidated damages contracts and sacrifice risk sharing opportunities.