The ability to 'sense'the social environment and thereby to understand the thoughts and
actions of others allows humans to fit into their social worlds, communicate and cooperate …

Research on quality adjusted life year (QALY) has been underway for just over 50 years,
which seems like a suitable milestone to review its history. The purpose of this study is to …

A mechanism is strategy-proof if agents can never profitably manipulate it, in any state of the
world; however, not all non-strategy-proof mechanisms are equally easy to manipulate …

Do individuals anticipate time inconsistency in others? This paper jointly investigates beliefs
about one's own and others' present bias. In an online laboratory experiment, participants …

Surveys typically use hypothetical questions to measure subjective and unverifiable
concepts like happiness and quality of life. We test whether this is problematic using a large …

We introduce choice-matching, a class of mechanisms for eliciting honest responses to a
multiple choice question (MCQ), as might appear in a market research study, opinion poll, or …

Peer prediction mechanisms incentivize self-interested agents to truthfully report their
signals even in the absence of verification by comparing agents' reports with their peers. We …

The classic wisdom-of-the-crowd problem asks how a principal can" aggregate" information
about the unknown state of the world from agents without understanding the information …

Thanks to digital innovation, the wisdom of the crowd, which aims at gathering information
(eg Wikipedia) and making a prediction (eg using prediction markets) from a group's …

An individual's desire to hedge risks, as implied by risk aversion, is accepted as a normative
paradigm and documented as valid descriptively. Insurance markets satisfy this desire …