Sex, lies, and the Hillblom estate: A decision analysis

We present three approaches to evaluating a publicly detailed, high-stakes, high-risk decision made by an heir-claimant to the estate of Larry Hillblom. The first two approaches are standard: a decision tree focusing on risk aversion and a multiperiod consumption model that highlights the effects of forgone consumption. In the third approach, we embed several Nash bargaining games into the decision tree developed in the first approach.