PUBLISHED COMMENTS ON MACHINA’S
WRITING
Does not include anything published during my period as a
journal’s co-editor, or anything from books or special issues of journals
for which I was a co-editor or guest co-editor.
“Machina
also gives an excellent account of empirical testings
of the axioms…” Paul Samuelson, Foundations
of Economic Analysis (Enlarged Edition), 1983, 518.
“In an
illuminating review article, Machina (1989) remarks…” Amartya Sen, Theory and Decision, 1985, 18(2), 123.
“Machina’s texts are often elliptic, not very clear, ambiguous, and
consequently difficult to read.” Maurice Allais, in B. R. Munier (ed.), Risk, Decision and Rationality, D. Reidel Publishing Co., 1988, 347.
“The most eloquent spokesman of
independence violations is Machina (1982a,302-306;1983a,b;
1985).” Peter Fishburn, Nonlinear Preference and Utility Theory,
Johns Hopkins University Press, 1988, 72.
“Following
the excellent presentation by Machina (1982),…”
Teddy Seidenfeld, Economics and Philosophy, 1988, 4(2), 269.
“Mark
Machina’s article on the uncertainty literature provided readers like myself whose research interests lie elsewhere a much better
understanding of the current issues and debates in research on
uncertainty,” Robert Goldfarb,
Journal of Economic Perspectives, 1988, 2(2), 179.
“An
excellent review of many ideas is provided by Machina (1987).” Charles
Manski, Review of Peter Fishburn’s Nonlinear
Preference and Utility Theory, Journal
of Economic Literature, 1989, 27(4), 1671.
“A
remarkable survey of recent developments” Jean-Jacques Laffont, Economics of Uncertainty and Information,
MIT Press, 1989, 38.
“…
(for an excellent review, see Machina, 1987).” Randall Ellis, Review of Economics and Statistics,
1989, 71(2), 215.
“See
Mark Machina (1987) for a very readable survey of the evidence and
responses.” Daniel Friedman, American
Economic Review, 1989, 79(5), 1243.
“For a
comprehensive discussion of these developments, see Machina (1987).”
Vernon Smith, Journal of Economic Perspectives, 1989, 3(1), 164.
“Machina
(1982) is a well-written discussion of other ways of modeling choice between
uncertain outcomes.” E. Rasmussen, Games
and Information: An Introduction to Game Theory, 1989, p.66.
“What
behavior then is consistent with an institution-free world …? I begin by
quoting Mark Machina’s characterization of what is meant by expected
utility theory, which is the underlying behavioral assumption of neoclassical economics:…” Douglass North, Institutions, Institutional Change and
Economic Performance, Cambridge Univ. Press, 1990, 18.
“See
Machina (1987) for an insightful survey of a variety of experimental evidence
that seems to challenge one or more of the basic axioms of expected utility
theory.” Paul Carlin, Economics
Letters, 1990, 34, 241.
“Excellent
surveys and discussions of some alternative approaches and considerations are
provided by Machina (1987) and Sarin (1989).” Ira Horowitz, Managerial
and Decision Economics, 1990, 11(5), 356.
“The
chapter by Mark Machina is an excellent account of the achievements and
limitations of expected utility theory…” Benjamin Lockwood, Review
of The Economics of Missing Markets:
Information and Games by Frank Hahn, Economic
Journal, 1990, 100(402), 960.
“…(for excellent surveys, see
Machina, 1987; Weber and Camerer, 1987).” Drazen Prelec,
Journal of Risk and Uncertainty,
1990, 3(3), 247.
“Teachers
will find many interesting examples and arguments in ‘Dynamic Consistency
and Non-Expected Utility Models of Choice under Uncertainty’ by Mark J.
Machina” Bernard Saffran, Journal
of Economic Perspectives, 1990, 4(3), 195 (section titled “Inciting
Classroom Interchange”).
“For a
thorough survey of this evidence see Machina (1987) and the references cited
there.” Peter Kischka and Clemens Puppe, Methods
and Models of Operations Research, 1992, 36, 126.
“…accompanied
by Mark Machina’s expert theoretical survey of alternatives to expected
utility models.” Robert Grafstein, Review of The Limits to Rationality, ed. by K. Cook and M. Levi, Journal of Politics, 1992, 54(1), 264.
“the careful argumentation of Machina (1989) was invaluable
in clarifying distinctions such as dynamic consistency and
consequentialism.” Irving LaValle, “Small Worlds and Sure
Things,” in Edwards (ed.), Utility
Theory: Measurements and Applications, Kluwer Academic Publishers, 1992,
111.
“Both
[Machina’s ‘Expected Utility Hypothesis’ entry and an entry
by another author] are exemplary encyclopaedia
entries…” Roy Bailey, Review of The New Palgrave Dictionaries of
Economics, Money and Finance, Economic Journal, 1994, 104(424), 674.
“Machina
(1987) provides a helpful introduction to non-expected utility
models…” Raymond Sauer, Journal
of Economic Literature, 1998, 36(4), 2028.
“There
are excellent surveys of behavioral decision theory by Camerer (1998), Machina
(1989), Rabin (1977), and Thaler (1991)” Daniel McFadden, Journal of Risk and Uncertainty, 1999, 19, 84.
“A key
reference from the huge economics literature on the Allais Paradox is Mark
Machina 1982.” Arthur Robson, Journal
of Economic Literature, 2001, 39(1), 23.
“Machina
(1987) remains a recommended survey of alternative theories.” Ariel
Rubinstein, Lecture Notes in
Microeconomic Theory: The Economic Agent, Second Edition, 2012, p.103.
“A good
survey of alternatives that deal with the so-called Allais paradox is Machina
(1987).” David Kreps, Microeconomic Foundations I: Choice and
Competitive Markets, Princeton Univ. Press, 2013, 116.
“Machina
(1987) provides a very helpful and clear survey to this literature.”
Sushil Bikhchandani, Jack Hirshleifer and John Riley,
The Analytics of Uncertainty and
Information, 2nd ed., Cambridge Univ. Press, 2013, 35.
“Machina’s
(1983, 1987) overviews contain rich and important methodological insights on
the EU hypothesis and alternative hypotheses,” “In this
new sense, well explained by Machina (1983, 1987),…,”
“Machina includes this utility evaluation effect in his classic
list of effects that are damaging for the EU hypothesis,” Philippe Mongin, Economics
and Philosophy, 2019, 35, 425,433,434.
“…the
literature is thoroughly canvassed in Machina & Siniscalchi, 2014,” “…the
reader is referred to the excellent historical review of the ambiguity
literature in Machina and Siniscalchi (2014…,” Keiran Sharpe, Theory and Decision, 2023, 95, pp.540,541.