An Overview 3 18 2018 Sunder Research for Accounting Policy

An Overview 3/18/2018 Sunder, Research for Accounting Policy 2

3/18/2018 Sunder, Research for Accounting Policy 3

3/18/2018 Sunder, Structure and Behavior 4

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Smith (1962) Chart 1 3/18/2018 Sunder, Structure and Behavior 9

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Inference 3/18/2018 Sunder, Structure and Behavior 13

Properties of Accounting Systems 3/18/2018 Sunder, Research for Accounting Policy 14

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 15

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Did that Settle the Issue? 3/18/2018 Sunder, Research for Accounting Policy 18

Relax the Common Knowledge Assumption of Rationality 3/18/2018 Sunder, Research for Accounting Policy 19

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 20

Bubbles and Price Indeterminacy in Asset Markets 3/18/2018 Sunder, Research for Accounting Policy 21

Long-term Horizon Session (Trade) 22

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Short-term Horizon Session (Trade) 24

Figure 10: Stock Prices and Efficiency of Allocations for Session 8 (Endogenous Terminal Payoff Session) 25

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Models of Expectations 27

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Using Historical Data for Forward Induction 3/18/2018 Sunder, Research for Accounting Policy 30

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 31

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 32

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Logic of Inference 3/18/2018 Sunder, Research for Accounting Policy 36

Logic of Inference 3/18/2018 Sunder, Research for Accounting Policy 37

Logic of Inference and Policy 3/18/2018 Sunder, Research for Accounting Policy 38

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 39

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 40

Some Examples 3/18/2018 Sunder, Research for Accounting Policy 41

(c) Copyright 2004 Shyam Sunder

What Can We Do? (c) Copyright 2004 Shyam Sunder

Tax and Financial Reporting (c) Copyright 2004 Shyam Sunder

(c) Copyright 2004 Shyam Sunder

Management Plays Two Games (c) Copyright 2004 Shyam Sunder

Tax Return = Income Statement (c) Copyright 2004 Shyam Sunder

Consequences (c) Copyright 2004 Shyam Sunder

(c) Copyright 2004 Shyam Sunder

Law, Economics and Accounting Failures 3/18/2018 Sunder, Research for Accounting Policy 50

An Overview 3/18/2018 Sunder, Research for Accounting Policy 51