Cognition and Incomplete Contracts
By Jean Tirole. 2009
279 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Law
View Paper: https://www.semanticscholar.org/paper/345b4529793685f62d5261a4ba9226800e09d4ce
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Amit Seru
- Vikrant Vig
- Dylan Hadfield-Menell
- Stuart J. Russell
- Pieter Abbeel
- Uday Rajan
- Gillian K. Hadfield
- Tomasz Piskorski
In Law
Citations in the corpus
- The Off-Switch Game (2016, background): “e to specify a reward function that incentivizes the correct behavior in all states a priori. The is directly analogous to the assumption of incompleteness studied in theories of optimal contracting (Tirole, 2009). Kerr (1975) is a classic paper that describes a wide variety of misaligned incentives”
- Incomplete Contracting and AI Alignment (2018, background): “…the value of the contract [6, 49], parties may choose not to cover all contingencies because learning about them would be biased and wasteful [50], or parties may choose not to include all known and contractible contingencies in order to control strategic behavior in response to other…”
- The Failure of Models that Predict Failure: Distance, Incentives and Defaults (2010, background): “3Bolton and Faure-Grimaud (2009) and Tirole (2009) argue that contracts will be endogenously incomplete when there are costs involved in verifying or processing information.”