Erya Yang

Sun Yat-Sen University | SYSU · Business School

This paper uses the rank-dependent expected utility (RDEU) model to capture the effects of optimism and pessimism on the choice between a pre-trial settlement and a trial (or more generally, between a private settlement and a litigation). These two legal procedures are described as a bargaining game and a contest game, respectively. My models predi...

This paper incorporates fairness constraints into the classic single-unit reduced-form implementation problem (Border in Economet J Econ Soc, 59(4):1175–1187, 1991, Econ Theory 31(1):167–181, 2007; Che et al. in Econometrica 81(6): 2487–2520, 2013; Manelli and Vincent in Econometrica, 78(6):1905–1938, 2010) with two agents. To do so, I use a new ap...

We propose a random quasi-linear utility model (RQUM) where quasi-linear utility functions are drawn randomly via some probability distribution π, and utility ties are broken by a convenient lexicographic rule. We characterize RQUM and identify π uniquely in terms of stochastic choice data. McFadden's (1973) additive random utility model is obtaine...

We model choices of a person (a doer) whose preferences and considerations sets can be strategically manipulated by another agent (a planner) via costly unobserved incentives. This interpretation can be interpersonal-where the planner and the doer are distinct individuals-or intrapersonal where the planner motivates her future self. In general, doe...

We develop a hierarchy of families of stochastic choice rules in terms of increasing complexity based on the concepts of a conditional probability space (Rényi, 1955) and a dimensionally-ordered system of measures (Rényi, 1956). The levels of our hierarchy are: single-valued or point conditional probability spaces (PCPS's); conditional probability...

We propose a random quasi-linear utility model (RQUM) where quasi-linear utility functions are drawn randomly via some probability distribution π, and utility ties are broken by a convenient lexicographic rule. We characterize RQUM and identify π uniquely in terms of stochastic choice data. McFadden’s (1973) additive random utility model is obtaine...

We model a broad range of incentives that one person (called a planner) can use to affect choices of another agent (called a doer). For instance, a planner can regulate her own future decisions by self-control, willpower, promises, resolutions etc. She can affect other individuals by monetary payments , commands, advertising, persuasion, or by sele...

A continuation under the same name was published as a joint paper, but there is still some novel material in this version that might be used later in a separate paper.

A Correction to this paper has been published: 10.1007/s40505-021-00211-1

To delegate future choices, planners can influence doers in various ways. In the intrapersonal case, a planner can motivate her future self by commitments , promises, deadlines etc. In the interpersonal case, doers can be selected and/or persuaded to change their beliefs. Even if delegations and persuasions are not observed directly, they can be st...

To delegate future choices, planners can influence doers in various ways. In the intrapersonal case, a planner can motivate her future self by commitments , promises, deadlines etc. In the interpersonal case, doers can be selected and/or persuaded to change their beliefs. Even if delegations and persuasions are not observed directly, they can be st...