•  136
    This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to the development of generalized models including rank-dependent expected utility theory. In turn, the development of generalized expected ut…Read more
  •  119
    Globalization and economic sovereignty
    Journal of Political Philosophy 9 (1). 2001.
    In this paper, attention will focus primarily on economic and financial aspects of the globalization debate, and on their implications for public policy. Nevertheless, these issues cannot be separated from their historical and political context. The current discussion of globalization can only be understood in relation to the development of economic and political institutions over the past century. Globalization is frequently discussed as a counterpoint to national sovereignty. It is commonly as…Read more
  •  68
    Games without rules
    with Flavio Menezes
    Theory and Decision 63 (4): 315-347. 2007.
    We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of another interaction. We then characterize the Nash equilibria arising in such extensions and demonstrate a folk-type theorem stating that any individually rational element of the outcome space is a Nash equilibrium
  •  47
    Economic choice in generalized expected utility theory
    Theory and Decision 38 (2): 153-171. 1995.
  •  38
    Uncertainty, production, choice, and agency: the state-contingent approach
    with Robert G. Chambers
    Cambridge University Press. 2000.
    This book demonstrates that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems ...
  •  38
    Supermodularity and the comparative statics of risk
    with Robert G. Chambers
    Theory and Decision 62 (2): 97-117. 2007.
    In this article, it is shown that a wide range of comparative statics results from expected utility theory can be extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent representations of preferences
  •  27
    The value of information and the value of awareness
    Theory and Decision 80 (2): 167-185. 2016.
    Recent literature has examined the problem facing decision makers with bounded awareness, who may be unaware of some states of nature. A question that naturally arises here is whether a value of awareness, analogous to value of information, can be attributed to changes in awareness. In this paper, such a value is defined. It is shown that the sum VOA +\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage…Read more
  •  11
    Justification Logic with Confidence
    with Ted Shear
    Studia Logica 1-28. forthcoming.
    Justification logics are a family of modal logics whose non-normal modalities are parametrised by a type-theoretic calculus of terms. The first justification logic was developed by Sergei Artemov to provide an explicit modal logic for arithmetical provability in which these terms were taken to pick out proofs. But, justification logics have been given various other interpretations as well. In this paper, we will rely on an interpretation in which the modality \ is read ‘S accepts \ as justificat…Read more
  •  9
    Dynamic awareness and zero probability beliefs
    Theory and Decision 83 (3): 309-313. 2017.
    In this note, it is shown that in a Bayesian model with unawareness of impossible, or vanishingly improbable, events, awareness can only change after such an improbable event has actually been observed.
  •  7
    Free trade and economic integration with the United States : A critical view
    Dialogue: Academy of the Social Sciences in Australia. 22 (2): 33-37. 2003.
    The debate over a possible Free Trade Agreement (FTA) with the United States is complicated to the point that the famous Schleswig-Holstein question seems straightforward by comparison. As a result, the debate has been fragmented into a series of arguments on separate issues, more or less ensuring that it will not reach any satisfactory conclusion
  •  6
    Zombie Economics: How Dead Ideas Still Walk Among Us
    Princeton University Press. 2010.
    But the book contributes much more. Its discussion of how macroeconomics developed, and the ideology that has grown up around it, is every bit as important and interesting."--Mark Thoma, University of Oregon "This is a terrific book.
  •  5
    Brain Drain or Intellectual Traffic
    with David Chalmers, Julian Disney, Hugo Graeme, Patricia Ranald, Ian Henschke, and Adelaide Festival Corporation
    Adelaide Festival of Ideas session, Bonython Hall, 2:30pm, Saturday 9 July, 2005. Chaired by Ian Henschke.
  •  1
    Symposium on Globalization: Globalization and Economic Sovereignty
    Journal of Political Philosophy 9 (1): 56-80. 2001.