Yesterday, news broke that the SEC is accusing Goldman-Sachs of exploiting its middleman position for fraudulent purposes. This case is a striking example of what failures the relational or network structure of the global economy can cause without proper regulation and governance. In fact, this case has several important implications for our understanding of the global economy.
Month: April 2010
New page on game theory and applications
I just added a new page to this web site with recent working papers on game theory and its applications. I posted two papers, one with Dimitrios Diamantaras on using ambiguity equilibrium concepts to understand social opinion formation and one with Zhengzheng Pan on a dynamic, boundedly rational learning process in a setting where interaction…