43 citations · 69 across the 3 of their papers we have counts for
5 papers · 1 filter
Naive analytics equilibrium
Ron Berman, Yuval Heller
We study interactions with uncertainty about demand sensitivity. In our solution concept (1) firms choose seemingly-optimal strategies given the level of sophistication of their da…
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…
Instability of Defection in the Prisoner's Dilemma Under Best Experienced Payoff Dynamics
Srinivas Arigapudi, Yuval Heller, Igal Milchtaich
We study population dynamics under which each revising agent tests each strategy k times, with each trial being against a newly drawn opponent, and chooses the strategy whose mean…