Learning to Be Unpredictable: An Experimental Study (2009)
Arijit Mukherji, David E. Runkle
This study tests experimentally whether the ability of subjects to play a noncooperative game’s mixed-strategy equilibrium (to make their play unpredictable) is affected by how much information...
Activity-Based Costing for Economic Value (2007)
Added By Regina, Regina M. Anctil, Arijit Mukherji
Economic value added, which is the currently popular term for the traditional accounting concept of residual income (RI), subtracts from operating income an interest charge for invested capital. This...
Can We Really Observe Hyperbolic Discounting? ∗ (2007)
Jesús Fernández-villaverde, Arijit Mukherji, Juan Carlos Conesa, John Dickhaut, Carlos Garriga, Tom Holmes, ...
This paper proposes a new, more robust, experiment to test for the presence of hyperbolic discounting. Recently, a growing literature has studied intertemporal choice when individuals discount the...
Running title: Repeated Two-Sided Moral Hazard (2006)
Rui R. Zhao, Arijit Mukherji, Ket Richter, V. V. Chari, Harold Cole, Christ Phelan, ...
∗ This paper grew out of my PhD dissertation submitted to the University of Minnesota in November 2001. I am indebted to Narayana Kocherlakota for his guidance. I thank Andy
Can We Really Observe Hyperbolic Discounting? ∗ (2006)
Jesús Fernández-villaverde, Arijit Mukherji, Tom Holmes, Karsten Jeske, Narayana Kocherlakota, Jing Li
This paper proposes a new, more robust experiment to test for the presence of hyperbolic discounting. We motivate the experiment by pointing out the problems in interpreting the existing evidence...
Degree granted in Computer Science.
Earnings Management and the Revelation Principle (1998)
Anil Arya, Jonathan Glover, Shyam Sunder, Murgie Krishnan, Richard Lambert, Arijit Mukherji, ...
: When the Revelation Principle (RP) holds, managing earnings confers no advantage over revelation. We construct an explanation for earnings management that is based on limitations on owners'...
A Theory of Analyst Forecast Bias (1995)
Murugappa Krishnan (Murgie), K. Sivaramakrishnan, Jerry Feltham, Jonathan Glover, Arijit Mukherji, ...
In this paper, we provide an equilibrium explanation for the observed optimism in analysts' earnings forecasts. We show that a strategic analyst, who is motivated by improving the combined...
Learning to be unpredictable : an experimental study.
Arijit Mukherji, David E. Runkle
This study tests experimentally whether the ability of subjects to play a noncooperative game's mixed-strategy equilibrium (to make their play unpredictable) is affected by how much information...
An experimental study of learning and limited information in games
Kevin A. McCabe, Arijit Mukherji, David E. Runkle
We report on experiments that tested the predictions of competing theories of learning in games. Experimental subjects played a version of the three-person matching-pennies game. The unique...
Self-Fulfilling Currency Crises: The Role of Interest Rates
Christian Hellwig, Arijit Mukherji, Aleh Tsyvinski
We develop a stylized currency crises model with heterogeneous information among investors and endogenous determination of interest rates in a noisy rational expectations equilibrium. Our model...
Delayed financial disclosure: Mexico's recent experience
R. Anton Braun, Arijit Mukherji, David E. Runkle
This article documents a delay in the public release of Mexican international reserve data in the months before Mexico's debt crisis at the end of 1994. The article establishes that in that year...
Learning to be unpredictable : an experimental study.
Arijit Mukherji, David E. Runkle
This study tests experimentally whether the ability of subjects to play a noncooperative game's mixed-strategy equilibrium (to make their play unpredictable) is affected by how much information...
Information management and valuation: an experimental investigation
Dickhaut, John, Ledyard, Margaret, Mukherji, Arijit, Sapra, Haresh
Oligopoly, Financial Structure, and Resolution of Uncertainty
John S. Hughes, Jennifer L. Kao, Arijit Mukherji
We characterize equilibria of a multistage game in which competing duopolists may acquire and share information in advance of choosing their financial structure which, in turn, precedes production....
Self-Fulfilling Currency Crises: The Role of Interest Rates
Christian Hellwig, Arijit Mukherji, Aleh Tsyvinski
We develop a model of currency crises, in which traders are heterogeneously informed, and interest rates are endogenously determined in a noisy rational expectations equilibrium. In our model,...
Arijit Mukherji, Kevin A. McCabe, David E. Runkle
Recent experiments on mixed-strategy play in experimental games reject the hypothesis that subjects play a mixed strategy even when that strategy is the unique Nash equilibrium prediction. However,...
An experimental study of strategicinformation transmission
John W. Dickhaut, Kevin A. McCabe, Arijit Mukherji
We examine strategic information transmission in an experiment. Senders are privately informed about a state. They send messages to Receivers, who choose actions resulting in payoffs to Senders and...