4 papers
Axiomatizing Local Asymptotic Minimax Risk
Ricky Li
Local asymptotic minimax (LAM) risk is a foundational efficiency criterion in statistics and econometrics. The literature uses two definitions of LAM risk: one which appears in cla…
Misspecification-Averse Estimation
Isaiah Andrews, Ricky Li, Yucheng Shang
We study optimal estimation when the likelihood may be misspecified. Building on tools from the theory of decision-making under uncertainty, we analyze a class of axiomatically gro…
Inertial Coordination Games
Andrew Koh, Ricky Li, Kei Uzui
We analyze inertial coordination games: dynamic coordination games with an endogenously changing state that depends on (i) a persistent fundamental players privately learn about ov…
Dynamic Random Choice
Ricky Li
I study dynamic random utility with finite choice sets and exogenous total menu variation, which I refer to as stochastic utility (SU). First, I characterize SU when each choice se…