Doctoral Program in Economics and Management
Scuola Superiore Sant'Anna, Pisa
Decision Theory, January 2011
Prof.
Salvatore Modica
Syllabus
Expected Utility
deFinetti
von Neumann-Morgenstern
Intro to Savage
Elicitation of Preferences
Risk Aversion
Principal-Agent Model
Adverse Selection
Moral Hazard
Dynamic Moral Hazard, Renegotiation Proofness
Intro to other extentions
Main Reference Texts:
Peter Wakker,
"Prospect Theory", Cambridge University Press, 2009
Jean-Jacques Laffont and David Martimort, "The Theory of Incentives", Princeton University Press 2002
Patrick Bolton and Mathias Dewatripont, "Contract Theory", MIT Press 2005
References to papers and additional material (some of which found
here
) will be given in the course of lectures.