
Mark J. Machina Distinguished
Professor of Economics, Emeritus University of California, San
Diego La
Jolla, CA 92093 


RESEARCH
Surveys,
Discussions and Encyclopedia Articles
“Decision
Making in the Presence of Risk”
Science (May 1, 1987) (reprinted
in...)
“Choice under
Uncertainty: Problems Solved and Unsolved” Journal
of Economic Perspectives (Summer 1987) (reprinted
in...)
“Information
and Decision Making”
(with Robin Hogarth, Kenneth MacCrimmon, John Roberts, Alvin Roth, Paul Slovic
& Richard Thaler) Report of the
Working Group on Information and Decision Making for the National Research
Council’s TenYear Outlook on Research Opportunities in the Behavioral and
Social Sciences, 1985 (reprinted in...)
“States
of the World and the State of Decision Theory”
in The Economics of Risk, ed. by D.
Meyer, 2003
“Choice
under Uncertainty”
in Encyclopedia of Cognitive Science,
ed. by Lynn Nadel, 2005
“NonExpected
Utility Theory” in Encyclopedia of Actuarial Science, ed.
by J. Teugels and B. Sundt, 2004
“NonExpected
Utility Theory” in International Encyclopedia of the Social
Sciences, 2nd edition, 2008, ed.
by William Darity, Jr.
“Expected
Utility Hypothesis”
in The New Palgrave Dictionary of
Economics, 2nd edition, 2008, ed. by Steven Durlauf
and Lawrence Blume (1st edition version reprinted in...)
“NonExpected
Utility Theory” in The New Palgrave Dictionary of Economics,
2nd edition, 2008, ed. by Steven Durlauf and Lawrence
Blume
“Risk” (with Michael Rothschild) in The New Palgrave Dictionary of Economics,
2nd edition, 2008, ed. by Steven Durlauf and Lawrence
Blume (1st edition version reprinted in...)
“Ambiguity
and Ambiguity Aversion” (with Marciano Siniscalchi) in Handbook of the Economics of Risk and
Uncertainty, Vol.1, ed. by Mark Machina and W. Kip Viscusi, 2014
Robustifying the
Analytics of the Objective Expected Utility Model
“‘Expected
Utility’ Analysis without the Independence Axiom” Econometrica
(March 1982) (reprinted in...)
“Comparative
Statics and NonExpected Utility Preferences”
Journal of Economic Theory (April
1989)
“NonExpected
Utility and the Robustness of the Classical Insurance Paradigm” Geneva
Papers on Risk and Insurance Theory (June 1995) (reprinted in...)
Robustifying the
Classical Characterization of Subjective Probability
“A
More Robust Definition of Subjective Probability” (with David Schmeidler) Econometrica (July 1992) (reprinted in...)
“Bayes
without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice” (with David Schmeidler) Journal of Economic Theory (October 1995) (reprinted in...)
Robustifying the
ChoiceTheoretic Foundations of Objective Uncertainty
“AlmostObjective
Uncertainty” Economic Theory (July 2004)
Robustifying the Analytics of the Subjective Expected Utility Model
“ ‘Expected
Utility/Subjective Probability’ Analysis without the SureThing Principle or
Probabilistic Sophistication”
Economic Theory (July 2005)
Rational Choice under
Uncertainty
“Dynamic
Consistency and NonExpected Utility Models of Choice under Uncertainty” Journal
of Economic Literature (Dec. 1989) (reprinted in...)
“Bounded
Rationality Modeling”
(with Bertrand Munier, Reinhard Selten, D. Bouyssou, P. Bourgine, R. Day, N. Harvey, D. Hilton, Ph.
Parker, J. Sterman, E. Weber, B. Wernerfelt & R. Wensley) Marketing Letters (August 1999)
Analysis of
NonExpected Utility Risk Preferences
“A
Stronger Characterization of Declining Risk Aversion” Econometrica
(July 1982)
“Generalized
Expected Utility Analysis and the Nature of Observed Violations of the
Independence Axiom”
in Foundations of Utility and Risk Theory
with Applications, ed. by B. Stigum and F. Wenstøp, 1983 (reprinted in...)
“Attitudes
Toward Risk: Further Remarks”
(with Hans Binswanger and Jaime Quizon) Economic
Journal (March 1984)
“Temporal
Risk and the Nature of Induced Preferences”
Journal of Economic Theory (August
1984)
“Stochastic
Choice Functions Generated from Deterministic Preferences over Lotteries” Economic
Journal (September 1985) (reprinted in...)
“The
Ross Characterization of Risk Aversion: Strengthening and Extension” (with William Neilson) Econometrica (September 1987)
“Cardinal
Properties of ‘Local Utility Functions’ ”
in Risk, Decision and Rationality, ed.
by Bertrand Munier, 1988
“Payoff
Kinks in Preferences over Lotteries”
Journal of Risk and Uncertainty
(November 2001)
“Risk,
Ambiguity, and the RankDependence Axioms”
American Economic Review (March 2009)
“EventSeparability
in the Ellsberg Urn”
Economic Theory (October 2011)
“Ambiguity
Aversion with Three or More Outcomes”
American Economic Review (December
2014)
Other Topics in Risk
and Risk Aversion
“On
Path Independent Randomized Choice”
(with Robert Parks) Econometrica
(September 1981)
“Rational
Decision Making vs. Rational Decision Modeling?” Journal
of Mathematical Psychology (October 1981) (reprinted in...)
“Flexibility
and the Demand for Risky Assets”
Economics Letters (Vol. 10, 1982)
“The
Incentive Implications of Incomplete Insurance: The Multiplicative Case” (with Takatoshi Ito)
Economics Letters (Vol. 13, 1983)
“Moment
Preferences and Polynomial Utility”
(with Sigrid Müller) Economics Letters (Vol.
23, 1987)
“Increasing
Risk: Some Direct Constructions”
(with John Pratt) Journal of Risk and
Uncertainty (March 1997)
Econometrics
“Forecasting
and Decision Theory”
(with Clive Granger) in Handbook of
Economic Forecasting, Vol. 1, ed. by Graham Elliott, Clive Granger and
Allan Timmermann, 2006
“Structural
Attribution of Observed Volatility Clustering”
(with Clive Granger) Journal of
Econometrics (NovemberDecember 2006)
Economic History
“On
the Profitability of Russian Serfdom”
(with Evsey Domar) Journal of Economic History (December 1984) (reprinted in...)
RECOGNITION
IN THE LITERATURE
Published
comments on research
Mention in titles of published articles
NEWS,
GOSSIP AND GAMES
Allais
versus Machina (or: “My Battle Against Cardinal Futility”)
“Two
Errors in the ‘Allais Impossibility Theorem’”
“Unceasingly
Repeated Errors or Contradictions of Mark Machina”
“Paralogisms,
Sophisms, Mistakes and Contradictions of Machina”
Miscellany
Astonishing
New Proof of a Fundamental Theorem
How
dare these guys say that about my Mom's “social preferences”!
Clive
& Rob’s Excellent Adventure (account
of 2003 Nobel Prize Ceremonies)
Photos
with some of Mark’s Heroes, Friends and Colleagues (not disjoint sets)