43 citations · 69 across the 3 of their papers we have counts for
4 papers
Observations on Cooperation
Yuval Heller, Erik Mohlin
We study environments in which agents are randomly matched to play a Prisoner's Dilemma, and each player observes a few of the partner's past actions against previous opponents. We…
A closed-form solution to the risk-taking motivation of subordinated debtholders
Yuval Heller, SharonPeleg-Lazar, Alon Raviv
Black and Cox (1976) claim that the value of junior debt is increasing in asset risk when the firm's value is low. We show, using closed-form solution, that the junior debt's value…
Coevolution of deception and preferences: Darwin and Nash meet Machiavelli
Yuval Heller, Erik Mohlin
We develop a framework in which individuals' preferences coevolve with their abilities to deceive others about their preferences and intentions. Specifically, individuals are chara…
Short-Term Investments and Indices of Risk
Yuval Heller, Amnon Schreiber
We study various decision problems regarding short-term investments in risky assets whose returns evolve continuously in time. We show that in each problem, all risk-averse decisio…