In this episode, we focus on ‘decision theory’ and discuss with Shachar its connection to Game Theory. Shachar shares the three key trade-offs relevant for taking a decision.
We also discuss the ‘dictator game’ and how Shachar applied a modified version of the dictator game to study preferences of decision makers in real life.
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Shachar Kariv is Benjamin N. Ward Professor of Economics at the University of California, Berkeley. His current research interests are focused on economic/decision theory and on social networks, social learning, personal and social preferences.