Economic
and Game Theory
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Bryan Ellickson: In early August we lost a beautiful mind. What Bryan Ellickson meant to me. [Posted at 09/04/2024 01:31 AM by David K. Levine ] Behavioral Mechanism Design: Those of us who have analyzed experimental data or watched participants in the laboratory have noticed that while some people seem to be inattentive and unpredictable others seem to be striving to create incentives for good social outcomes. I developed a formal model of noise, ethical, and selfish players in a new paper "Behavioral Mechanism Design as a Benchmark for Experimental Studies." The remarkable fact is that calibrating the model to data on non-strategic decision problems does a remarkably good job in predicting quantitatively what happens in experiments involving strategic interactions. [Posted at 06/30/2024 03:19 AM by David K. Levine ] The Skeptical Economist: Complex Systems and Social Incentives: Appeasement and Deterrence: Lee Ohanian and I have a new paper arguing that appeasement is under-appreciated: When to Appease and When to Punish: Hitler, Putin, and Hamas [Posted at 04/07/2024 01:36 AM by David K. Levine ] Social Mechanisms and Political Economy: The Book: Our new book available for download: Levine, Mattozzi and Modica study how special interests such as cartels and lobbyists together with political parties influence our well-being. Drawing on existing and ongoing theoretical, empirical, and experimental research by the authors and others, the book develops a unified theory of peer pressure and social networks. The theory is firmly grounded in modern economic and game theory and is based on incentive constraints, auction theory, learning theory, and stochastic evolution. [Posted at 12/19/2022 02:51 AM by David K. Levine ] Intervention:
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