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Raphaële Chappe

  • Ph.D. Student, The New School For Social Research
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Raphaële Chappe just finished her PhD in Economics at The New School for Social Research. Her current research interests include the link between financial markets and wealth inequality, and microeconomics. She is currently a member of The Cultures of Finance Working Group at the Institute For Public Knowledge (NYU).

Prior to that, she practiced as an attorney for eight years in the financial services industry. In her last position, she worked as a VP with Goldman Sachs in the Tax Department. She holds a Master of Laws (LLM) in International Tax from New York University (School of Law), a Maitrise and Master’s degree in Comparative Business Law from the University of Pantheon-Sorbonne in Paris, France, and an LL.B from King’s College London.

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Thirteen Ways to Split a Cake*

Article By Raphaële Chappe | Jun 19, 2013

Axiomatic bargaining is presented in MWG in the context of welfare economics (Ch. 22), the aim being the formulation of reasonable criteria for dividing gains resulting from cooperative endeavors (the “joint surplus”). It is further presented as an application of cooperative game theory, in which an arbitrator distributes the joint surplus in a manner that reflects “fairly” the bargaining strength of the different agents (although we could conceive of a situation where the parties are bargaining without an external party). If bargaining fails, the outcome is the parties’ own fallback positions (the threat point, or status quo).

“Choice Under Uncertainty”: A Misnomer

Article By Raphaële Chappe | Dec 7, 2012

The Risk Society

Pleasure, Happiness and Fulfillment: The Trouble With Utility

Article By Raphaële Chappe | Nov 3, 2012

For nineteenthth century figures such as Bentham and Jevons, the concept of utility was associated with satisfaction or pleasure experienced.

Is The Weak Axiom of Revealed Preference Falsifiable?

Article By Raphaële Chappe | Oct 12, 2012

MWG introduces the theory of consumer behavior by presenting two distinct approaches to modeling consumer behavior, the preference-based approach (based upon unobservable preferences generating a utility function) and the choice-based approach (based upon observable choice behavior), and attempting to establish connections between the two.

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