A basic theorem in n-person game theory due to Scarf states that a balanced game has a nonempty core. Scarf's proof presents a procedure to find a point in the core of a discrete game, where every coalition disposes of a finite number of alternatives. The proof for a general game follows by...

Fair process research has shown that people care not only about outcomes, but also about the process that produces these outcomes. For a decision process to be seen as fair, the people affected must have the opportunity to give input and possibly to influence the decision, and the decision...

Stimulated by Frank Knight's work, "Risk, Uncertainty and Profit," I present a theory of innovation based on what I term Knightian decision theory. This theory includes a concept of uncertainty aversion, a behavioral property that makes people reluctant to undertake new unevaluatable risks. This...