My inaugural lecture at the University of Graz, October 19, 2016, in German, entitled "Rationales Entscheiden bei Radikaler Unsicherheit":
Rationales Entscheiden bei Radikaler Unsicherheit based on my paper entitled
"Abraham Wald's Complete Class Theorem and Knightian Uncertainty" (now published at Games and Economic Behavior, 2017, 104, 666-673)
This lecture is in German. I gave it to prospective students of economics in the summer of 2017. It is about rational herding. Why do we prefer to go to the busier restaurant? And what does this imply for other restaurant customers?
Christoph KuzmicsInstitut für Volkswirtschaftslehre
Institut für Volkswirtschaftslehre