Arbitrage and Rational Decisions

Robert Nau is a Professor Emeritus of Business Administration in the Fuqua School of Business, Duke University. He received his Ph. D. in Operations Research from the University of California at Berkeley. His research deals with mathematical models of decision-making under uncertainty, and his papers have been published in journals such as Operations Research, Management Science, Annals of Statistics, Journal of Economic Theory, and the International Journal of Game Theory. Throughout his career he taught a Ph. D. course on rational choice theory that drew students from other departments and schools at Duke University, as well as graduate courses in decision modeling and statistical forecasting.