I analyze two expected utility models which abandon the consequentialist assumption of terminal wealth positions. In the expected utility of gambling wealth model, in which initial wealth is allowed ...

Ross had an interesting post several days ago that I've been meaning to respond to, centered around the limited utility of theory in guiding action on foreign policy: There's definitely something to ...

Ecological transition zones are increasingly recognized as systems that play a critical role in controlling or modifying flows of organisms, materials, and energy across landscapes. Many concepts ...

From a practical standpoint, the august professors were talking about the value of that last dollar, the one at the top of a potentially very high stack that you might possess. And the function for ...

This article establishes a framework for formulating how information flows impact upon the way investors make decisions under ...