43 citations · 83 across the 11 of their papers we have counts for
9 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…
Social Welfare in Search Games with Asymmetric Information
Gilad Bavly, Yuval Heller, Amnon Schreiber
We consider games in which players search for a hidden prize, and they have asymmetric information about the prize location. We study the social payoff in equilibria of these games…
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…