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Decision making. (Image courtesy of Karen Grant.)
Prof. Bengt Holmstrom
14.124
Spring 2003
Graduate
The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.
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