What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...

Colin Camerer is the Robert Kirby Professor of Behavioral Economics at the California Institute of Technology. He earned a Ph.D. from the University of Chicago in 1981 and worked at the Kellogg School ...

We examine a supply chain with a single supplier and multiple retailers to predict retailers’ actual ordering behaviors. If retailer orders exceed supplier capacity, a proportional rationing rule ...

Large language models (LLMs) – the advanced AI behind tools like ChatGPT – are increasingly integrated into daily life, assisting with tasks such as writing emails, answering questions, and even ...