Shyam Sunder
Biographic Data
| ID | 3609538 |
|---|---|
| NAME | Shyam Sunder |
| GIVEN NAMES | Shyam |
| FAMILY NAME | Sunder |
| SIGNATURE | SUNDER S |
| AFFILIATIONS | Yale University |
| ORCID | 0000-0001-8623-6409 |
| VERIFIED | Yes |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 92 |
| AUTHOR COUNT | 14 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1982 |
| LATEST PUBLICATION YEAR | 2020 |
| H-INDEX | 2 |
How did the U.S. stock market recover from the Covid-19 contagion
Physics and decisions: An exploration
The physical basis of decision-making lies at the heart of the millennia-long debate over the existence of free will in philosophy, mostly to advocate determinism (such as within the ‘clockwork’ framework of Newtonian physics), but also to defend libertarianism as in the works of Kane (1985). Other novel proposals to link physics and decision making appear in Mousavi and Sunder (forthcoming) using classical physics, as well as in Schade (2018) wh…
Physics and decisions: An inverted perspective
In social science, we seek to understand human decisions in terms of social-psychological primitives: a decision maker or conscious self, aware of its opportunity sets, resource constraints, preferences, and somewhat contentiously, endowed with at least a spoonful of free will.Tired of swimming and reluctant to brave cold rapids, one decides to devise a bridge of logs.Without the self-conscious and the associated free will, this concept of decisi…
Rational order from ‘irrational’ actions
When and Why Individuals Obey Form-Adhesive Contracts: Experimental Evidence of Consent, Compliance, Promise, and Performance
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Rationality in economics: Constructivist and ecological forms
Economic Theory: Structural Abstraction or Behavioral Reduction
Research Article| December 01 2006 Economic Theory: Structural Abstraction or Behavioral Reduction? Shyam Sunder Shyam Sunder Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (Suppl_1): 322–342. https://doi.org/10.1215/00182702-2005-028 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools Perm…
Changing expectations as a source of and remedy for corruption
Corruption is not simply a problem of greedy men and women using public office for private gain. It is a degenerated state of expectations the citizens hold about the behavior of one another. Expectations, or culture, of proper behavior are a type of wealth of a society, at least as important as human and natural resources. When people expect corrupt behavior from one another, the expectations capital is depleted, and the society becomes and stay…
Pricing Electronic Mail to Solve the Problem of Spam
Junk e-mail or spam is rapidly choking off e-mail as a reliable and efficient means of communication over the Internet. Although the demand for human attention increases rapidly with the volume of information and communication, the supply of attention hardly changes. Markets are a social institution for efficiently allocating supply and demand of scarce resources. Charging a price for sending messages may help discipline senders from demanding mo…
Chekhov on Opportunity Cost
Japan Why It Works, Why It Doesn't: Economics in Everyday Life
Experimental Methods: A Primer for Economists
Introduction 2. Principles of economics 3. Experimental design 4. Human subjects 5. Laboratory facilities 6. Conducting an experiment 7. Data analysis 8. Reporting your results 9. The emergence of experimental economics Appendices Glossary References Index
Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality
This paper reports market experiments in which human traders are replaced by "zero-intelligence" programs that submit random bids and offers. Imposing a budget constraint (i.e., n ot permitting traders to sell below their costs or buy above their valu es) is sufficient to raise the allocative efficiency of these auctions close to 100 percent. Allocative efficiency of a double auction deri ves largely from its structure, independent of traders' mo…
Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models
The study reports on the ability of competing models of market information integration and dissemination to explain the behavior of simple laboratory markets for a one-priced security. Returns to the security depended upon a randomly drawn state of nature. Some agents (insiders), whose identity was unknown to other agents, knew the state before the markets opened. With replication of market conditions, the predictions of a fully revealing rationa…
Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality
This paper reports market experiments in which human traders are replaced by "zero-intelligence" programs that submit random bids and offers. Imposing a budget constraint (i.e., n ot permitting traders to sell below their costs or buy above their valu es) is sufficient to raise the allocative efficiency of these auctions close to 100 percent. Allocative efficiency of a double auction deri ves largely from its structure, independent of traders' mo…
Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models
The study reports on the ability of competing models of market information integration and dissemination to explain the behavior of simple laboratory markets for a one-priced security. Returns to the security depended upon a randomly drawn state of nature. Some agents (insiders), whose identity was unknown to other agents, knew the state before the markets opened. With replication of market conditions, the predictions of a fully revealing rationa…
Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models
The study reports on the ability of competing models of market information integration and dissemination to explain the behavior of simple laboratory markets for a one-priced security. Returns to the security depended upon a randomly drawn state of nature. Some agents (insiders), whose identity was unknown to other agents, knew the state before the markets opened. With replication of market conditions, the predictions of a fully revealing rationa…
Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality
This paper reports market experiments in which human traders are replaced by "zero-intelligence" programs that submit random bids and offers. Imposing a budget constraint (i.e., n ot permitting traders to sell below their costs or buy above their valu es) is sufficient to raise the allocative efficiency of these auctions close to 100 percent. Allocative efficiency of a double auction deri ves largely from its structure, independent of traders' mo…
Experimental Methods: A Primer for Economists
Introduction 2. Principles of economics 3. Experimental design 4. Human subjects 5. Laboratory facilities 6. Conducting an experiment 7. Data analysis 8. Reporting your results 9. The emergence of experimental economics Appendices Glossary References Index
Japan Why It Works, Why It Doesn't: Economics in Everyday Life
Changing expectations as a source of and remedy for corruption
Corruption is not simply a problem of greedy men and women using public office for private gain. It is a degenerated state of expectations the citizens hold about the behavior of one another. Expectations, or culture, of proper behavior are a type of wealth of a society, at least as important as human and natural resources. When people expect corrupt behavior from one another, the expectations capital is depleted, and the society becomes and stay…
Pricing Electronic Mail to Solve the Problem of Spam
Junk e-mail or spam is rapidly choking off e-mail as a reliable and efficient means of communication over the Internet. Although the demand for human attention increases rapidly with the volume of information and communication, the supply of attention hardly changes. Markets are a social institution for efficiently allocating supply and demand of scarce resources. Charging a price for sending messages may help discipline senders from demanding mo…
Chekhov on Opportunity Cost
Economic Theory: Structural Abstraction or Behavioral Reduction
Research Article| December 01 2006 Economic Theory: Structural Abstraction or Behavioral Reduction? Shyam Sunder Shyam Sunder Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (Suppl_1): 322–342. https://doi.org/10.1215/00182702-2005-028 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools Perm…
Rationality in economics: Constructivist and ecological forms
When and Why Individuals Obey Form-Adhesive Contracts: Experimental Evidence of Consent, Compliance, Promise, and Performance
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
How did the U.S. stock market recover from the Covid-19 contagion
Physics and decisions: An exploration
The physical basis of decision-making lies at the heart of the millennia-long debate over the existence of free will in philosophy, mostly to advocate determinism (such as within the ‘clockwork’ framework of Newtonian physics), but also to defend libertarianism as in the works of Kane (1985). Other novel proposals to link physics and decision making appear in Mousavi and Sunder (forthcoming) using classical physics, as well as in Schade (2018) wh…
Physics and decisions: An inverted perspective
In social science, we seek to understand human decisions in terms of social-psychological primitives: a decision maker or conscious self, aware of its opportunity sets, resource constraints, preferences, and somewhat contentiously, endowed with at least a spoonful of free will.Tired of swimming and reluctant to brave cold rapids, one decides to devise a bridge of logs.Without the self-conscious and the associated free will, this concept of decisi…
Rational order from ‘irrational’ actions
Economics (9 works) · Epistemology (7 works) · Philosophy (7 works) · Computer Science (6 works) · Philosophy (5 works) · Psychology (5 works) · Microeconomics (4 works) · Philosophy of science (4 works) · Positive economics (4 works) · Business (3 works)