Introduction

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.

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.