Two Working Papers by Liqun Liu Accepted for Publication in the Journal of Risk and Uncertainty
Jul 05, 2021
Summary: Two working papers by PERC Research Scientist Liqun Liu will be published in the Journal of Risk and Uncertainty.
The paper "Stochastic Superiority
" with Jack Meyer introduces a definition of stochastic superiority and provides a natural solution to the left-tail problem that often arises when comparing random alternatives.
"Optimality of Winner-Take-All Contests: The Role of Attitudes toward Risk
" with Nicolas Treich studies the role of risk attitudes – risk aversion and prudence in particular – in determining the optimality of winner-take-all contests.
Congratulations, Dr. Liu!