Social and Behavioral Sciences | Open Access Articles

Information And The Existence Of Stationary Markovian Equilibrium, Ioannis Karatzas, Martin Shubik, William D. Sudderth

Cowles Foundation Discussion Papers

We describe conditions for the existence of a stationary Markovian equilibrium when total production or total endowment is a random variable. Apart from regularity assumptions, there are two crucial conditions: (i) low information — agents are ignorant of both total endowment and their own endowments when they make decisions in a given period, and (ii) proportional endowments — the endowment of each agent is in proportion, possibly a random proportion, to the total endowment. When these conditions hold, there is a stationary equilibrium. When they do not hold, such equilibrium need not exist.

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Separating Wheat From Chaff: Helping First-Year Students Become Information Savvy, Trudi E. Jacobson, Beth Mark

Library Staff Presentations & Publications

Many traditional first-year students arrive on college and university campuses with a great deal of experience in searching the Internet. In fact, they can find prodigious amounts of information with relative ease—as evidenced by the lists of Web sites used to document many of their research papers. Most of these students, however, lack the critical-thinking skills and database-searching proficiency necessary for them to fine-tune their information searches. They need to know how to focus their topics, where (in addition to the Internet) to search, and how to evaluate and use the information they retrieve—skills commonly encompassed in the phrase “information …

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Looseleafing The Flow: An Anecdotal History Of One Technology For Updating, Howard T. Senzel

Faculty Publications

This work will show that there is a great gulf between the culture of lawmakers and the culture of those who comply. Lawmakers - legislators, administrators, and especially judges - function by producing primary authorities in law. The texts of these authorities are the law itself. Because they were created in the course of deciding actual cases - cases which produced insights to a truth of lasting value, these texts have an authority equal to all the other insights produced down through the ages. The excitement that accompanies such insights tends to blind lawmakers to the chore of compliance. Those …

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Full-Text Articles in Social and Behavioral Sciences

Information And The Existence Of Stationary Markovian Equilibrium, Ioannis Karatzas, Martin Shubik, William D. Sudderth

Cowles Foundation Discussion Papers

Separating Wheat From Chaff: Helping First-Year Students Become Information Savvy, Trudi E. Jacobson, Beth Mark

Library Staff Presentations & Publications

Looseleafing The Flow: An Anecdotal History Of One Technology For Updating, Howard T. Senzel

Faculty Publications