The 24th Jerusalem School in Economic Theory

Decision Making

Event date: June 10 - June 19, 2013

    Prof Eric Maskin (Harvard University)
    Eyal Winter (Hebrew Univeristy)




    Maya Bar-HillelThe Hebrew University
    Itzhak GilboaTel Aviv University
    Daniel KahnemanPrinceton University
    David LaibsonHarvard University
    Mark MachinaUniversity of California, San Diego
    Eric MaskinHarvard University
    Wolfgang PesendorferPrinceton University
    Ariel RubinsteinTel Aviv University
    Eyal  WinterThe Hebrew University

     Decision making is at the heart of economics: production, exchange, and consumption are all the result of choices made by individual agents. For over sixty years, the benchmark framework for studying agents' decisions whose consequences are uncertain has been the expected utility model. But anomalies from experimental work in psychology and behavioral economics have led to revisions of expected utility and of utility theory more generally. The Summer School will explore both the standard model and some of the most important alternatives