Many disasters are foreshadowed by insufficient preventative care. In this paper, we argue that there is a true problem of prevention, in that insufficient care is often the result of rational calculations on the part of agents. We identify three factors that lead to dubious efforts in care....

We investigate intertemporal planning problems as a way of gaining understanding of the characteristics of individual decision-makers and the choice options presented to them. A frequent simplifying assumption that is made in studies of this sort is that choice of options that yield lower...

In global games in which one player has better information than his rival, it may be that in the unique equilibrium, the better informed player has a lower payoff than the poorly informed player. The reason is that while the better informed player faces less (or even no) uncertainty about...