demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …

This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …

probability weighting using rank dependent utility theory. The fundamental difference with the standard scheduling model based on … expected utility is that the probabilities of arrivals are treated in a non-linear way. This paper shows how scheduling …

divergence preferences (cf. Maccheroni et al. 2006) and optimal portfolios generated by classical expected utility. As a special … case we connect optimization of truncated quadratic utility (cf. Cerny 2003) to the optimal monotone mean …

Stochastic coupling is a powerful technique in probability theory that facilitates comparison between two probability … diffusions. Our strategy combines techniques borrowed from the theory of rough paths, on one hand, and multilevel Monte Carlo on … transport cost function in a natural data-driven way. Then, under affine decision rules and conventional convexity assumptions …