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John W. Pratt

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John W. Pratt
Born1931 (age 92–93)
Alma materPrinceton University
Stanford University
Scientific career
InstitutionsHarvard University
Thesis Some Results in the Decision Theory of One-Parameter Multivariate Polya-Type Distributions  (1956)
Doctoral advisorSamuel Karlin
Doctoral studentsMichael R. Powers

John Winsor Pratt (born 1931) is Emeritus William Ziegler professor business administration at Harvard University. His former education was conducted at Princeton University and Stanford University, where he specialized in mathematics and statistics.[1] Pratt spent most of his academic career at Harvard University. He was an editor of the Journal of the American Statistical Association from 1965 to 1970.[1] His researches on risk aversion, risk sharing incentives, and the nature and discovery of stochastic laws, statistical relationships that describe the effects of decisions.[1] He has made contributions to research in risk aversion theory, notably with Kenneth Arrow on measures of risk aversion.[2][3]

In 1962 he was elected as a Fellow of the American Statistical Association.[4]

Publications

  • Introduction to Statistical Decision Theory[5]
  • The Structure of Business[6]

Articles

  • The Ghosh-Pratt theorem.[7]
  • Fair (and not so fair) Division[8]
  • How Many Balance Functions Does It Take To Determine A Utility Function?[9]
  • Efficient Risk Sharing: The Last Frontier.[10]
  • A New Interpretation of the F Statistic.[11]
  • Increasing Risk: Some Direct Constructions.[12]
  • Willingness to Pay and the Distribution of Risk and Wealth.[13]
  • The Contraction Mapping Approach to the Perron-Frobenius Theory: Why Hilbert's Metric?[14]
  • Evaluating and Comparing Projects: Simple Detection of False Alarms.[15]

Working Papers

  • Some Neglected Axioms in Fair Division.[16]
  • Correlated Equilibrium and Nash Equilibrium as an Observer's Assessment of the Game.[17]

References

[edit]
  1. ^ a b c "John W. Pratt – Faculty – Harvard Business School". www.hbs.edu. Retrieved 2019-04-23.
  2. ^ Pratt, J. W. (1964). "Risk Aversion in the Small and in the Large". Econometrica. 32 (1/2). The Econometric Society: 122–136. doi:10.2307/1913738. JSTOR 1913738.
  3. ^ "John W. Pratt: William Ziegler Professor of Business Administration, Emeritus". Archived from the original on 12 May 2012. Retrieved 25 November 2011.
  4. ^ View/Search Fellows of the ASA Archived 2016-06-16 at the Wayback Machine, accessed 2016-07-23.
  5. ^ Schervish, Mark J.; Pratt, John W.; Raiffa, Howard; Schlaifer, Robert (September 1996). "Introduction to Statistical Decision Theory". Journal of the American Statistical Association. 91 (435): 1376. doi:10.2307/2291759. ISSN 0162-1459. JSTOR 2291759.
  6. ^ Pratt, John W. and Richard Zeckhauser (1991). Principals and Agents: The Structure of Business. Harvard Business School Press.
  7. ^ Pratt, John W. (1961). "Length of Confidence Intervals". Journal of the American Statistical Association. 56 (295): 549–567. doi:10.1080/01621459.1961.10480644. ISSN 0162-1459.
  8. ^ Pratt, John W. (2007-11-20). "Fair (and not so fair) division". Journal of Risk and Uncertainty. 35 (3): 203–236. doi:10.1007/s11166-007-9025-6. ISSN 0895-5646. S2CID 154871522.
  9. ^ Pratt, John W. (September 2005). "How Many Balance Functions Does it Take to Determine a Utility Function?". Journal of Risk and Uncertainty. 31 (2): 109–127. doi:10.1007/s11166-005-3551-x. ISSN 0895-5646. S2CID 121088670.
  10. ^ Pratt, John W. (December 2000). "Efficient Risk Sharing: The Last Frontier". Management Science. 46 (12): 1545–1553. doi:10.1287/mnsc.46.12.1545.12075. ISSN 0025-1909.
  11. ^ Pratt, John W.; Schlaifer, Robert (May 1998). "A New Interpretation of the F Statistic". The American Statistician. 52 (2): 141. doi:10.2307/2685472. ISSN 0003-1305. JSTOR 2685472.
  12. ^ MACHINA, MARK; PRATT, JOHN (1997). "Increasing risk: some direct constructions". Journal of Risk and Uncertainty. 14 (2): 103–127. doi:10.1023/a:1007719626543. ISSN 0895-5646. S2CID 153628899.
  13. ^ Pratt, John W.; Zeckhauser, Richard J. (August 1996). "Willingness to Pay and the Distribution of Risk and Wealth". Journal of Political Economy. 104 (4): 747–763. doi:10.1086/262041. ISSN 0022-3808. S2CID 153478355.
  14. ^ Kohlberg, Elon; Pratt, John W. (May 1982). "The Contraction Mapping Approach to the Perron-Frobenius Theory: Why Hilbert's Metric?". Mathematics of Operations Research. 7 (2): 198–210. doi:10.1287/moor.7.2.198. ISSN 0364-765X.
  15. ^ PRATT, JOHN W.; HAMMOND, JOHN S. (December 1979). "Evaluating and Comparing Projects: Simple Detection of False Alarms". The Journal of Finance. 34 (5): 1231–1242. doi:10.1111/j.1540-6261.1979.tb00068.x. ISSN 0022-1082.
  16. ^ Pratt, John W. (2008). "Some Neglected Axioms in Fair Division" (PDF). SSRN Working Paper Series. doi:10.2139/ssrn.1129248. ISSN 1556-5068. S2CID 23745363.
  17. ^ KOHLBERG, ELON (1990), "Refinement of Nash Equilibrium: The Main Ideas", Game Theory and Applications, Elsevier, pp. 3–45, doi:10.1016/b978-0-12-370182-4.50006-4, ISBN 9780123701824