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Pratt, W. John Remove Pratt, W. John →

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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
Keywords: Resource Allocation; Valuation; Price; Cost
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  • 2008
  • Book

Introduction to Statistical Decision Theory
By: John W. Pratt, Howard Raiffa and Robert Schlaifer
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  • 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
Keywords: Price; Management Practices and Processes; Valuation
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  • 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
Keywords: Fairness; Price
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  • 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
Keywords: Decision Choices and Conditions; Game Theory; Cooperation
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  • Article

How Many Balance Functions Does It Take To Determine A Utility Function?
By: John W. Pratt
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  • December 2000
  • Article

Efficient Risk Sharing: The Last Frontier
By: John W. Pratt
Keywords: Risk and Uncertainty
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  • Article

A New Interpretation of the F Statistic
By: John W. Pratt and Robert Schlaifer
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  • 1997
  • Article

Increasing Risk: Some Direct Constructions
By: John W. Pratt and Mark J. Machina
Keywords: Risk and Uncertainty
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  • August 1996
  • Article

Willingness to Pay and the Distribution of Risk and Wealth
By: John W. Pratt and Richard Zeckhauser
Keywords: Risk and Uncertainty; Wealth
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  • 1995
  • Book

Introduction to Statistical Decision Theory
By: John W. Pratt, Howard Raiffa and Robert Schlaifer
Keywords: Mathematical Methods; Decision Making; Theory
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  • 1991
  • Book

Principals and Agents: The Structure of Business
By: John W. Pratt and Richard Zeckhauser
Keywords: Organizational Structure
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  • 1982
  • Article

The Contraction Mapping Approach to the Perron-Frobenius Theory: Why Hilbert's Metric?
By: Elon Kohlberg and John W. Pratt
Keywords: Theory; Measurement and Metrics
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  • December 1979
  • Article

Evaluating and Comparing Projects: Simple Detection of False Alarms
By: John S. Hammond and John W. Pratt
Keywords: Performance Evaluation
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  • January 1971 (Revised March 1992)
  • Case

Rubicon Rubber Co.
By: John W. Pratt
Keywords: Rubber Industry
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