It is known that sunspots can trigger panic-based bank runs and that the optimal banking contract can tolerate panic …. Depositors observe different, but correlated, signals on the stability of the bank. I find that if the signals that depositors …, either a full bank run, or a partial bank run, or non bank run occurs depending on the realization of the signals. Computed …

I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …

A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty …