Sex, Lies, and the Hillblom Estate: A Decision Analysis

Steven A. Lippman () and Kevin F. McCardle ()
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Steven A. Lippman: Anderson Graduate School of Management, University of California, Los Angeles, 110 Westwood Plaza, Box 951481, Los Angeles, California 90095-1481
Kevin F. McCardle: Anderson Graduate School of Management, University of California, Los Angeles, 110 Westwood Plaza, Box 951481, Los Angeles, California 90095-1481

Decision Analysis, 2004, vol. 1, issue 3, 149-166

Abstract: We present three approaches to evaluating a publicly detailed, high-stakes, high-risk decision made by an heir-claimant to the estate of Larry Hillblom. The first two approaches are standard: a decision tree focusing on risk aversion and a multiperiod consumption model that highlights the effects of forgone consumption. In the third approach, we embed several Nash bargaining games into the decision tree developed in the first approach.

Keywords: decision analysis: applications; theory; sequential; games-group decisions: bargaining; utility-preference: applications; estimation (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ordeca:v:1:y:2004:i:3:p:149-166

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