4 papers · 1 filter
Solving Problems of Unknown Difficulty
Nicholas Wu
This paper studies how uncertainty about problem difficulty shapes problem-solving strategies. I develop a dynamic model where an agent solves a problem by brainstorming approaches…
Maximal Procurement under a Budget
Nicole Immorlica, Nicholas Wu, Brendan Lucier
We study the problem of a principal who wants to influence an agent's observable action, subject to an ex-post budget. The agent has a private type determining their cost function.…
From Doubt to Devotion: Trials and Learning-Based Pricing
Tan Gan, Nicholas Wu
An informed seller designs a dynamic mechanism to sell an experience good. The seller has partial information about the product match, which affects the buyer's private consumption…
Sharing Credit for Joint Research
Nicholas Wu
How can one efficiently share payoffs with collaborators when participating in risky research? First, I show that efficiency can be achieved by allocating payoffs asymmetrically be…