Publications
Publications
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- Faculty Publications (15)
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- 2008
- Working Paper
Some Neglected Axioms in Fair Division
By: John W. Pratt
Conditions one might impose on fair allocation procedures are introduced. Nondiscrimination requires that agents share an item in proportion to their entitlements if they receive nothing else. The "price" procedures of Pratt (2007), including the Nash... View Details
- 2008
- Book
Introduction to Statistical Decision Theory
By: John W. Pratt, Howard Raiffa and Robert Schlaifer
- December 2007
- Article
Fair (and Not So Fair) Division
By: John W. Pratt
Drawbacks of existing procedures are illustrated and a method of efficient fair division is proposed that avoids them. Given additive participants' utilities, each item is priced at the geometric mean (or some other function) of its two highest valuations. The... View Details
- 2007
- Working Paper
Fair (and Not So Fair) Division
By: John W. Pratt
Drawbacks of existing procedures are illustrated and a method of efficient fair division is proposed that avoids them. Given additive participants' utilities, each item is priced at the geometric mean (or some other function) of its two highest valuations. The... View Details
- 2007
- Working Paper
Correlated Equilibrium and Nash Equilibrium as an Observer's Assessment of the Game
By: John Hillas, Elon Kohlberg and John W. Pratt
Noncooperative games are examined from the point of view of an outside observer who believes that the players are rational and that they know at least as much as the observer. The observer is assumed to be able to observe many instances of the play of the game; these... View Details
- December 2000
- Article
Efficient Risk Sharing: The Last Frontier
By: John W. Pratt
Keywords: Risk and Uncertainty
- 1997
- Article
Increasing Risk: Some Direct Constructions
By: John W. Pratt and Mark J. Machina
Keywords: Risk and Uncertainty
- August 1996
- Article
Willingness to Pay and the Distribution of Risk and Wealth
By: John W. Pratt and Richard Zeckhauser
- 1995
- Book
Introduction to Statistical Decision Theory
By: John W. Pratt, Howard Raiffa and Robert Schlaifer
- 1991
- Book
Principals and Agents: The Structure of Business
By: John W. Pratt and Richard Zeckhauser
Keywords: Organizational Structure
- December 1979
- Article
Evaluating and Comparing Projects: Simple Detection of False Alarms
By: John S. Hammond and John W. Pratt
Keywords: Performance Evaluation
- January 1971 (Revised March 1992)
- Case
Rubicon Rubber Co.
By: John W. Pratt
Keywords: Rubber Industry