MASSACHUSETTS INSTITUTE OF TECHNOLOGY
|
|
- Laurel Stevens
- 6 years ago
- Views:
Transcription
1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY HARRY DI PEI OFFICE CONTACT INFORMATION 77 Massachusetts Avenue, E MIT PLACEMENT OFFICER Professor Ben Olken HOME CONTACT INFORMATION 50 Cherry Street, Apartment #1 Somerville, MA Mobile: MIT PLACEMENT ADMINISTRATOR Ms. Eva Konomi Mr. Thomas Dattilo DOCTORAL STUDIES Massachusetts Institute of Technology (MIT) PhD, Economics, Expected completion June 2018 DISSERTATION: Essays in Dynamic Games and Reputations DISSERTATION COMMITTEE AND REFERENCES PRIOR EDUCATION Professor Daron Acemoglu 77 Massachusetts Avenue, E Professor Juuso Toikka 77 Massachusetts Avenue, E Toulouse School of Economics Master in Economics Tsinghua University Bachelor in Mathematics Professor Drew Fudenberg 77 Massachusetts Avenue, E Professor Alexander Wolitzky 77 Massachusetts Avenue, E CITIZENSHIP China GENDER: Male LANGUAGES FIELDS English (fluent), Chinese (native) Primary Field: Theory Secondary Fields: Organizational Economics, Political Economy
2 OCTOBER PAGE 2 TEACHING EXPERIENCE RELEVANT POSITIONS Microeconomics III: Decision Theory Teaching Assistant to Professor Drew Fudenberg Contract Theory Teaching Assistant to Professor Juuso Toikka Economic Applications of Game Theory Teaching Assistant to Professor Muhamet Yildiz Advanced Organizational Economics Teaching Assistant to Professor Bengt Holmström Organizational Economics Teaching Assistant to Professor Michael Whinston Research Assistant to Professor Alexander Wolitzky Research Assistant to Professor Drew Fudenberg Research Assistant to Professor Daron Acemoglu Research Assistant to Professor Jean Tirole Research Assistant to Professor Christian Hellwig FELLOWSHIPS, HONORS, AND AWARDS PROFESSIONAL ACTIVITIES JOB MARKET PAPER Best TA of the Year Award 2017 Ho-Ching and Han-Ching Scholarship, MIT 2016 Fellowship Jean-Jacques Laffont Fellowship, Toulouse School of Economics Zheng Geru Fellowship, Tsinghua University 2010 Referee: Econometrica, Review of Economic Studies, Journal of the European Economic Association, Journal of Law Economics and Organization, Journal of Economic Behavior and Organization. Presentations: Western Economic Association Graduate Student Workshop (2017) Stanford Institute of Theoretical Economics (SITE 2016) Norms, Actions and Games Workshop in Toulouse (2016) American Economic Association Annual Meeting (2013, 2015) Reputation Effects under Interdependent Values I study reputation effects when individuals have persistent private information that matters for their opponents' payoffs. I examine a repeated game between a patient informed player and a sequence of myopic uninformed players. The informed player privately observes a persistent state, and is either a strategic type who can flexibly choose his actions or is one of the several commitment types that mechanically plays the same action in every period. Unlike the canonical models on reputation effects, the uninformed players' payoffs depend on the state. This interdependence of values introduces new challenges to reputation building, namely, the informed player could face a trade-off between establishing a reputation for commitment and signaling favorable information about the state. My results address the predictions on the informed player's payoff and behavior that apply across all Nash equilibria. When the stage game payoffs satisfy a monotone-supermodularity condition, I show that the informed long-run player can overcome the lack-of-commitment problem and secure a high payoff in every state and in every equilibrium. Under a condition on the distribution over states, he will play the same action in every period and maintain
3 OCTOBER PAGE 3 his reputation for commitment in every equilibrium. If the payoff structure is unrestricted and the probability of commitment types is small, then the informed player's return to reputation building can be low and can provide a strict incentive to abandon his reputation. PUBLICATIONS When Does Restricting Your Opponent's Freedom Hurt You? Games and Economic Behavior, 100, November I examine the payoff consequences for a player when she removes a subset of her opponent's actions before playing a two-player complete information normal form game. When she faces a constraint on the maximal number of actions she can remove, she can be strictly better off by not removing any actions. I present such an example. I also establish sufficient conditions under which removing opponent's actions cannot hurt. As a corollary, I also characterize a necessary condition for a player's optimal Nash Equilibrium in games with generic payoffs when her opponent has strictly more actions than she does. Communication with Endogenous Information Acquisition, Journal of Economic Theory, 160, December I develop a theory of communication in which a sender gathers costly information before giving advice to a receiver. In a general setting, I show that the sender always communicates all her information to the receiver in every equilibrium. In the uniform-quadratic model in which the sender can choose any finite partition as her information structure, an upwardly biased sender can convey more precise information when recommending a larger action. RESEARCH PAPERS Reputation with Strategic Information Disclosure I study the dynamics of an agent's reputation for competence when the labor market's information about his performance is disclosed by an intermediary who cannot commit. I show that this game admits a unique Markov Perfect Equilibrium (MPE). When the agent is patient, his effort is inverse U-shaped, while the rate of information disclosure is decreasing over time. I illustrate the inefficiencies of the unique MPE by comparing it with the equilibrium in the benchmark scenario where the market automatically observes all breakthroughs. I characterize a tractable subclass of non-markov Equilibria and explain why allowing players to coordinate on payoff-irrelevant events can improve efficiency on top of the unique MPE and the exogenous information benchmark. When the intermediary can commit, her optimal Markov disclosure policy has a deadline, after which no breakthrough will be disclosed. However, deadlines are not incentive compatible in the game without commitment, illustrating a time inconsistency problem faced by the intermediary. My model can be applied to professional service industries, such as law and consulting. My results provide an explanation to the observed wage and promotion patterns in Baker, Gibbs and Holmström (1994). Trust and Betrayals: Repeated Interaction without Commitment I study situations in which a large player (for example, a government or a seller) wishes to win the trust of many small players (for example, citizens or buyers) but has a strict incentive to betray their trust. I examine the extent to which repeated interactions can overcome this lack-of-commitment problem and
4 OCTOBER PAGE 4 improve the large player's payoff. In the complete information benchmark, the large player's equilibrium payoff is bounded away from her Stackelberg payoff. When the large player s benefit from betrayal is her private information, the highest equilibrium payoff she can attain only depends on her true benefit from betrayal and the lowest possible benefit according to small players' prior belief. When the lowest possible benefit vanishes, every type can approximately obtain her Stackelberg payoff. I explain the differences between my model and the canonical reputation models in which the large player can be a commitment type that is mechanically playing the same action (pure or mixed) in every period. The main technical contribution is a constructive proof of the large player s limiting equilibrium payoff set. My approach can be generalized to study other repeated Bayesian games with private values and monotone-supermodular stage game payoffs. Monotone Equilibria in Signaling Games (with Shuo Liu) We study the monotonicity of sender's equilibrium strategy with respect to her type in signaling games. We use counterexamples to show that when the sender's payoff is non-separable, the Spence-Mirrlees condition cannot rule out equilibria in which the sender uses non-monotone strategies. These equilibria can survive standard refinements as incentives are strict and the sender plays every action with positive probability. We provide sufficient conditions under which the sender's strategy is monotone in every Nash equilibrium. Our conditions require the sender's payoff to have strictly increasing differences between the state and the action profile and monotone with respect to each player's action. We also identify and fully characterize a novel property on the sender's payoff that is called increasing absolute differences over distributions, under which every pair of distributions over the receiver's actions can be ranked endogenously. Our sufficient conditions fit into a number of applications, which include advertising, warranty provision, education and job assignment, etc. Uncertainty about Uncertainty in Communication (revise and resubmit, Games and Economic Behavior) I study the impact of higher order uncertainty on communication outcomes when the sender's (he) preference is unknown to the receiver (she) and players have no conflict of interest with positive probability. When there is no higher order uncertainty, there exists an equilibrium in which the congruent sender can fully reveal his information conditional on not pooling with non-congruent ones. This is no longer true when the sender faces second order uncertainty. I show that in every equilibrium, the probability with which the sender fully reveals the state is zero. My proof uses a novel contagion argument, which exploits the interactions between higher order uncertainty, the sender's indifference conditions and the receiver's sequential rationality constraints. RESEARCH IN PROGRESS Constitutional Design: An Optimal Delegation Approach (with Daron Acemoglu) We study the optimal regulation of principal-agent relationships without monetary transfers. We model this as a hierarchical optimal delegation problem in which a benevolent designer specifies a set of permissible delegation sets (or a constitution) behind the veil of ignorance, and the principal offers one of them
5 OCTOBER PAGE 5 to the agent after observing the payoff environment. Constitutional design trades off the gains from adapting the delegation set to the payoff environment and protecting the agent against the principal's exploitation. Our result provides sufficient conditions under which it is without loss of generality to focus on constitutions that respect the following freedom principle: whenever a delegation set is permissible, any superset of it is also permissible. As a result, designing the optimal constitution is equivalent to designing a guaranteed payoff schedule for the agent, making it tractable to characterize. Our optimal constitution is robust in the sense that it does not depend on the designer's prior belief about the payoff environment. Equilibrium Payoffs in Repeated Games with Interdependent Values I characterize the limiting equilibrium payoff set in repeated Bayesian games between a patient long-run player and a sequence of short-run players. The longrun player has private information about a persistent state that directly affects the short-run players payoffs. The key assumption is that the stage game has monotone-supermodular payoffs. I show the sufficient part by constructing a class of sequential equilibria that can arbitrarily approximate every extreme point of the limiting equilibrium payoff set when the long-run player is patient. I show the necessity part by defining two linear programs based on the short-run player s myopic incentives under her prior belief. The values of these programs provide upper and lower bounds on the long-run player s Nash equilibrium payoff when she is sufficiently patient.
Behavioral Game Theory
Outline (September 3, 2007) Outline (September 3, 2007) Introduction Outline (September 3, 2007) Introduction Examples of laboratory experiments Outline (September 3, 2007) Introduction Examples of laboratory
More informationInformation Design, Bayesian Persuasion, and Bayes Correlated Equilibrium
American Economic Review: Papers & Proceedings 206, 06(5): 7 http://dx.doi.org/0.257/aer.p206046 Information Design and Bayesian Persuasion Information Design, Bayesian Persuasion, and Bayes Correlated
More informationIrrationality in Game Theory
Irrationality in Game Theory Yamin Htun Dec 9, 2005 Abstract The concepts in game theory have been evolving in such a way that existing theories are recasted to apply to problems that previously appeared
More informationMASSACHUSETTS INSTITUTE OF TECHNOLOGY
tkwillia@mit.edu MASSACHUSETTS INSTITUTE OF TECHNOLOGY OFFICE CONTACT INFORMATION 50 Memorial Drive, E52-354 269-532-2759 tkwillia@mit.edu HOME CONTACT INFORMATION 254 Summer St Somerville, MA 02143-2244
More informationWalras-Bowley Lecture 2003 (extended)
Walras-Bowley Lecture 2003 (extended) Sergiu Hart This version: November 2005 SERGIU HART c 2005 p. 1 ADAPTIVE HEURISTICS A Little Rationality Goes a Long Way Sergiu Hart Center for Rationality, Dept.
More informationNash Equilibrium and Dynamics
Nash Equilibrium and Dynamics Sergiu Hart June 2008 Conference in Honor of John Nash s 80th Birthday Opening Panel SERGIU HART c 2008 p. 1 NASH EQUILIBRIUM AND DYNAMICS Sergiu Hart Center for the Study
More informationMasayuki Sawada. December Department of Economics Yale University New Haven, CT Telephone: +1 (203)
Masayuki Sawada Office: -8268 Telephone: +1 (203) 444-7351 E-mail: masayuki.sawada@yale.edu Personal web page: https://masayukisawada.com/ Citizenship: Japan, J-1 Visa Fields of Concentration: Econometrics
More informationPublicly available solutions for AN INTRODUCTION TO GAME THEORY
Publicly available solutions for AN INTRODUCTION TO GAME THEORY Publicly available solutions for AN INTRODUCTION TO GAME THEORY MARTIN J. OSBORNE University of Toronto Copyright 2012 by Martin J. Osborne
More informationSome Thoughts on the Principle of Revealed Preference 1
Some Thoughts on the Principle of Revealed Preference 1 Ariel Rubinstein School of Economics, Tel Aviv University and Department of Economics, New York University and Yuval Salant Graduate School of Business,
More informationHandout on Perfect Bayesian Equilibrium
Handout on Perfect Bayesian Equilibrium Fudong Zhang April 19, 2013 Understanding the concept Motivation In general, the Perfect Bayesian Equilibrium (PBE) is the concept we are using when solving dynamic
More informationThe Game Prisoners Really Play: Preference Elicitation and the Impact of Communication
The Game Prisoners Really Play: Preference Elicitation and the Impact of Communication Michael Kosfeld University of Zurich Ernst Fehr University of Zurich October 10, 2003 Unfinished version: Please do
More informationLecture 2: Learning and Equilibrium Extensive-Form Games
Lecture 2: Learning and Equilibrium Extensive-Form Games III. Nash Equilibrium in Extensive Form Games IV. Self-Confirming Equilibrium and Passive Learning V. Learning Off-path Play D. Fudenberg Marshall
More informationToday s lecture. A thought experiment. Topic 3: Social preferences and fairness. Overview readings: Fehr and Fischbacher (2002) Sobel (2005)
Topic 3: Social preferences and fairness Are we perfectly selfish? If not, does it affect economic analysis? How to take it into account? Overview readings: Fehr and Fischbacher (2002) Sobel (2005) Today
More informationUnlike standard economics, BE is (most of the time) not based on rst principles, but on observed behavior of real people.
Behavioral Economics Lecture 1. Introduction and the Methodology of Experimental Economics 1. Introduction Characteristica of Behavioral Economics (BE) Unlike standard economics, BE is (most of the time)
More informationUNIVERSITY OF OSLO DEPARTMENT OF ECONOMICS
UNIVERSITY OF OSLO DEPARTMENT OF ECONOMICS Take home exam: ECON5200/9200 Advanced Microeconomics Exam period: Monday 11 December at 09.00 to Thursday 14 December at 15.00 Guidelines: Submit your exam answer
More informationClicker quiz: Should the cocaine trade be legalized? (either answer will tell us if you are here or not) 1. yes 2. no
Clicker quiz: Should the cocaine trade be legalized? (either answer will tell us if you are here or not) 1. yes 2. no Economic Liberalism Summary: Assumptions: self-interest, rationality, individual freedom
More informationCURRICULUM VITAE (January 2018) Juan D. CARRILLO
CURRICULUM VITAE (January 2018) Juan D. CARRILLO Department of Economics - KAP 330B, University of Southern California, 3620 S. Vermont Ave., Los Angeles, CA 90089-0253 Ph: (310) 699.0956, email: ,
More informationCeDEx Discussion Paper Series ISSN
Discussion Paper No. 2009 09 Daniele Nosenzo and Martin Sefton April 2009 Endogenous Move Structure and Voluntary Provision of Public Goods: Theory and Experiment CeDEx Discussion Paper Series ISSN 1749
More informationSimple Mechanisms and Preferences for Honesty
Simple Mechanisms and Preferences for Honesty Navin Kartik, Olivier Tercieux, and Richard Holden November 22, 2013 Abstract We consider full implementation in complete-information environments when agents
More informationPerfect Bayesian Equilibrium
Perfect Bayesian Equilibrium Econ 400 University of Notre Dame Econ 400 (ND) Perfect Bayesian Equilibrium 1 / 27 Our last equilibrium concept The last equilibrium concept we ll study after Nash eqm, Subgame
More informationThe Common Priors Assumption: A comment on Bargaining and the Nature of War
The Common Priors Assumption: A comment on Bargaining and the Nature of War Mark Fey Kristopher W. Ramsay June 10, 2005 Abstract In a recent article in the JCR, Smith and Stam (2004) call into question
More informationNetwork Architecture, Salience and Coordination
Network Architecture, Salience and Coordination Syngjoo Choi, Douglas Gale, Shachar Kariv, and Thomas Palfrey January 5, 2011 Abstract This paper reports the results of an experimental investigation of
More informationGame Theory. Uncertainty about Payoffs: Bayesian Games. Manar Mohaisen Department of EEC Engineering
240174 Game Theory Uncertainty about Payoffs: Bayesian Games Manar Mohaisen Department of EEC Engineering Korea University of Technology and Education (KUT) Content Bayesian Games Bayesian Nash Equilibrium
More informationSignalling, shame and silence in social learning. Arun Chandrasekhar, Benjamin Golub, He Yang Presented by: Helena, Jasmin, Matt and Eszter
Signalling, shame and silence in social learning Arun Chandrasekhar, Benjamin Golub, He Yang Presented by: Helena, Jasmin, Matt and Eszter Motivation Asking is an important information channel. But the
More informationCURRICULUM VITAE (September 2018) Juan D. CARRILLO
CURRICULUM VITAE (September 2018) Juan D. CARRILLO Department of Economics - KAP 330B, University of Southern California, 3620 S. Vermont Ave., Los Angeles, CA 90089-0253 Ph: (310) 699.0956, email: ,
More informationLecture 9: The Agent Form of Bayesian Games
Microeconomics I: Game Theory Lecture 9: The Agent Form of Bayesian Games (see Osborne, 2009, Sect 9.2.2) Dr. Michael Trost Department of Applied Microeconomics December 20, 2013 Dr. Michael Trost Microeconomics
More informationTeam Reasoning and a Rank-Based Function of Team s Interests
Team Reasoning and a Rank-Based Function of Team s Interests Jurgis Karpus Mantas Radzvilas April 2015 Abstract Orthodox game theory is sometimes criticized for its failure to single out intuitively compelling
More informationbehavioural economics and game theory
behavioural economics and game theory In traditional economic analysis, as well as in much of behavioural economics, the individual s motivations are summarized by a utility function (or a preference relation)
More informationAn Experimental Investigation of Self-Serving Biases in an Auditing Trust Game: The Effect of Group Affiliation: Discussion
1 An Experimental Investigation of Self-Serving Biases in an Auditing Trust Game: The Effect of Group Affiliation: Discussion Shyam Sunder, Yale School of Management P rofessor King has written an interesting
More informationAn Experiment to Evaluate Bayesian Learning of Nash Equilibrium Play
. An Experiment to Evaluate Bayesian Learning of Nash Equilibrium Play James C. Cox 1, Jason Shachat 2, and Mark Walker 1 1. Department of Economics, University of Arizona 2. Department of Economics, University
More informationKARUN ADUSUMILLI OFFICE ADDRESS, TELEPHONE & Department of Economics
LONDON SCHOOL OF ECONOMICS & POLITICAL SCIENCE Placement Officer: Professor Wouter Den Haan +44 (0)20 7955 7669 w.denhaan@lse.ac.uk Placement Assistant: Mr John Curtis +44 (0)20 7955 7545 j.curtis@lse.ac.uk
More informationIdentity, Homophily and In-Group Bias: Experimental Evidence
Identity, Homophily and In-Group Bias: Experimental Evidence Friederike Mengel & Sergio Currarini Univeersity of Nottingham Universita Ca Foscari and FEEM, Venice FEEM, March 2012 In-Group Bias Experimental
More informationTopic 3: Social preferences and fairness
Topic 3: Social preferences and fairness Are we perfectly selfish and self-centered? If not, does it affect economic analysis? How to take it into account? Focus: Descriptive analysis Examples Will monitoring
More informationThoughts on Social Design
577 Center for Mathematical Economics Working Papers September 2017 Thoughts on Social Design Walter Trockel and Claus-Jochen Haake Center for Mathematical Economics(IMW) Bielefeld University Universitätsstraße
More informationGames With Incomplete Information: Bayesian Nash Equilibrium
Games With Incomplete Information: Bayesian Nash Equilibrium Carlos Hurtado Department of Economics University of Illinois at Urbana-Champaign hrtdmrt2@illinois.edu June 29th, 2016 C. Hurtado (UIUC - Economics)
More informationPerfect Bayesian Equilibrium
In the final two weeks: Goals Understand what a game of incomplete information (Bayesian game) is Understand how to model static Bayesian games Be able to apply Bayes Nash equilibrium to make predictions
More informationBelief Formation in a Signalling Game without Common Prior: An Experiment
Belief Formation in a Signalling Game without Common Prior: An Experiment Alex Possajennikov University of Nottingham February 2012 Abstract Using belief elicitation, the paper investigates the formation
More informationThis article appeared in a journal published by Elsevier. The attached copy is furnished to the author for internal non-commercial research and
This article appeared in a journal published by Elsevier. The attached copy is furnished to the author for internal non-commercial research and education use, including for instruction at the authors institution
More informationThe Foundations of Behavioral. Economic Analysis SANJIT DHAMI
The Foundations of Behavioral Economic Analysis SANJIT DHAMI OXFORD UNIVERSITY PRESS CONTENTS List offigures ListofTables %xi xxxi Introduction 1 1 The antecedents of behavioral economics 3 2 On methodology
More informationComplex Disclosure. Ginger Zhe Jin 1 University of Maryland, NBER, & FTC. Michael Luca Harvard Business School
Complex Disclosure Ginger Zhe Jin 1 University of Maryland, NBER, & FTC Michael Luca Harvard Business School Daniel Martin Northwestern University Kellogg School of Management December 2015 Preliminary
More informationEmanuela Carbonara. 31 January University of Bologna - Department of Economics
Game Theory, Behavior and The Law - I A brief introduction to game theory. Rules of the game and equilibrium concepts. Behavioral Games: Ultimatum and Dictator Games. Entitlement and Framing effects. Emanuela
More informationSelf-Esteem, Shame and Personal Motivation
Roberta Dessí 1 Xiaojian Zhao 2 1 Toulouse School of Economics 2 Hong Kong University of Science and Technology Literature In psychology, a large literature documents people s need for positive self-view.
More informationarxiv: v1 [cs.gt] 14 Mar 2014
Generalized prisoner s dilemma Xinyang Deng a, Qi Liu b, Yong Deng a,c, arxiv:1403.3595v1 [cs.gt] 14 Mar 2014 a School of Computer and Information Science, Southwest University, Chongqing, 400715, China
More informationJakub Steiner The University of Edinburgh. Abstract
A trace of anger is enough: on the enforcement of social norms Jakub Steiner The University of Edinburgh Abstract It is well documented that the possibility of punishing free-riders increases contributions
More informationFlip a coin or vote: An Experiment on Choosing Group Decision
University of Mannheim / Department of Economics Working Paper Series Flip a coin or vote: An Experiment on Choosing Group Decision Timo Hoffmann Sander Renes Working Paper 16-11 June 2016 Flip a coin
More informationKnowledge in economics: game-theoretic vs market-process
Knowledge in economics: game-theoretic vs market-process Lawrence A. Boland CRISTINA BICCHIERI, Rationality and Coordination, New York; Cambridge University Press 1993, pp. xiii + 270 ESTEBAN F. THOMSEN,
More informationA Game Theoretical Approach for Hospital Stockpile in Preparation for Pandemics
Proceedings of the 2008 Industrial Engineering Research Conference J. Fowler and S. Mason, eds. A Game Theoretical Approach for Hospital Stockpile in Preparation for Pandemics Po-Ching DeLaurentis School
More informationA Comment on the Absent-Minded Driver Paradox*
Ž. GAMES AND ECONOMIC BEHAVIOR 20, 25 30 1997 ARTICLE NO. GA970508 A Comment on the Absent-Minded Driver Paradox* Itzhak Gilboa MEDS KGSM, Northwestern Uni ersity, E anston, Illinois 60201 Piccione and
More informationCorrelation Neglect in Belief Formation
Correlation Neglect in Belief Formation Benjamin Enke Florian Zimmermann Bonn Graduate School of Economics University of Zurich NYU Bounded Rationality in Choice Conference May 31, 2015 Benjamin Enke (Bonn)
More informationEquilibrium Selection In Coordination Games
Equilibrium Selection In Coordination Games Presenter: Yijia Zhao (yz4k@virginia.edu) September 7, 2005 Overview of Coordination Games A class of symmetric, simultaneous move, complete information games
More informationEffects of Sequential Context on Judgments and Decisions in the Prisoner s Dilemma Game
Effects of Sequential Context on Judgments and Decisions in the Prisoner s Dilemma Game Ivaylo Vlaev (ivaylo.vlaev@psy.ox.ac.uk) Department of Experimental Psychology, University of Oxford, Oxford, OX1
More informationEconomic Computation and Economic Cybernetics Studies and Research, Issue 4/2015
Economic Computation and Economic Cybernetics Studies and Research, Issue 4/205 Assistant Professor Sigifredo LAENGLE, PhD Department of Management Control, Universidad de Chile E-mail: slaengle@fen.uchile.cl
More informationBelief Updating in Sequential Games of Two-Sided Incomplete Information: An Experimental Study of a Crisis Bargaining Model
Quarterly Journal of Political Science, 2010, 5: 1 13 Belief Updating in Sequential Games of Two-Sided Incomplete Information: An Experimental Study of a Crisis Bargaining Model Dustin H. Tingley 1 and
More informationLecture 3. QIAO Zhilin ( 乔志林 ) School of Economics & Finance Xi an Jiaotong University
Lecture 3 QIAO Zhilin ( 乔志林 ).co School of Economics & Finance Xi an Jiaotong University October, 2015 Introduction Ultimatum Game Traditional Economics Fairness is simply a rhetorical term Self-interest
More informationZachary Grossman Economics Department, UC Santa Barbara 2015 Research Statement
Zachary Grossman Economics Department, UC Santa Barbara 2015 Research Statement I am a microeconomist who mainly studies the impact of social and psychological motivations, as well as cognitive phenomena,
More informationNudges: A new instrument for public policy?
Nudges: A new instrument for public policy? M.C. Villeval (CNRS, GATE) - Origin: Behavioral Economics BE blends experimental evidence and psychology in a mathematical theory of strategic behavior (Camerer,
More informationEpistemic Game Theory
Epistemic Game Theory Adam Brandenburger J.P. Valles Professor, NYU Stern School of Business Distinguished Professor, NYU Tandon School of Engineering Faculty Director, NYU Shanghai Program on Creativity
More informationTwo-sided Bandits and the Dating Market
Two-sided Bandits and the Dating Market Sanmay Das Center for Biological and Computational Learning Massachusetts Institute of Technology Cambridge, MA 02139 sanmay@mit.edu Emir Kamenica Department of
More informationFull terms and conditions of use:
This article was downloaded by: [148.251.232.83] On: 18 November 2018, At: 10:37 Publisher: Institute for Operations Research and the Management Sciences (INFORMS) INFORMS is located in Maryland, USA Management
More informationAn Experimental Study of Ambiguity and Vagueness in the Announcement Game
An Experimental Study of Ambiguity and Vagueness in the Announcement Game Marina Agranov* and Andrew Schotter** * Caltech and CESS, ** New York University and CESS Revised: July, 2010 Abstract Communication
More informationJournal of Political Economy, Vol. 93, No. 2 (Apr., 1985)
Confirmations and Contradictions Journal of Political Economy, Vol. 93, No. 2 (Apr., 1985) Estimates of the Deterrent Effect of Capital Punishment: The Importance of the Researcher's Prior Beliefs Walter
More informationBehavioral Game Theory
School of Computer Science, McGill University March 4, 2011 1 2 3 4 5 Outline Nash equilibria One-shot games 1 2 3 4 5 I Nash equilibria One-shot games Definition: A study of actual individual s behaviors
More informationJournal of Economic Behavior & Organization
Journal of Economic Behavior & Organization 85 (2013) 20 34 Contents lists available at SciVerse ScienceDirect Journal of Economic Behavior & Organization j our nal ho me p age: www.elsevier.com/locate/jebo
More informationPredictive Game Theory* Drew Fudenberg Harvard University
* Drew Fudenberg Harvard University Abstract: Game theory is used in a variety of field inside and outside of social science. The standard methodology is to write down a description of the game and characterize
More informationEquilibrium Cooperation in Three-Person, Choice-of-Partner Games
Equilibrium Cooperation in Three-Person, Choice-of-Partner Games Douglas D. Davis and Charles A. Holt * Abstract The experiment involves three-person games in which one player can choose which of two others
More informationAnswers to Midterm Exam
Answers to Midterm Exam Econ 159a/MGT522a Ben Polak Fall 2007 The answers below are more complete than required to get the points. In general, more concise explanations are better. Question 1. [15 total
More informationIntegration of medical humanistic spirits and economic principles. under market economy. ---medical humanism under market economy
Second International Conference on Economic and Business Management (FEBM 2017) Integration of medical humanistic spirits and economic principles under market economy ---medical humanism under market economy
More informationTheoretical Explanations of Treatment Effects in Voluntary Contributions Experiments
Theoretical Explanations of Treatment Effects in Voluntary Contributions Experiments Charles A. Holt and Susan K. Laury * November 1997 Introduction Public goods experiments are notable in that they produce
More informationAffective Social Ties without the Need to Belong?
RMM Vol. 4, 2013, 20 27 Special Topic: Coevolving Relationships between Political Science and Economics Edited by Herbert David, Hartmut Kliemt and Elinor Ostrom http://www.rmm-journal.de/ Matthias Greiff
More informationOn the diversity principle and local falsifiability
On the diversity principle and local falsifiability Uriel Feige October 22, 2012 1 Introduction This manuscript concerns the methodology of evaluating one particular aspect of TCS (theoretical computer
More informationEliciting Beliefs by Paying in Chance
CMS-EMS Center for Mathematical Studies in Economics And Management Science Discussion Paper #1565 Eliciting Beliefs by Paying in Chance ALVARO SANDRONI ERAN SHMAYA Northwestern University March 17, 2013
More informationTHE EMPIRICAL CONTENT OF MODELS WITH SOCIAL INTERACTIONS
THE EMPIRICAL CONTENT OF MODELS WITH SOCIAL INTERACTIONS BRENDAN KLINE AND ELIE TAMER NORTHWESTERN UNIVERSITY Abstract. Empirical models with social interactions or peer effects allow the outcome of an
More informationTowards a Justification the Principle of Coordination
TI 2000-017/1 Tinbergen Institute Discussion Paper Towards a Justification the Principle of Coordination Maarten C.W. Janssen Tinbergen Institute The Tinbergen Institute is the institute for economic research
More informationLong-Term Commitment and Cooperation
University of Zurich Department of Economics Working Paper Series ISSN 1664-7041 (print) ISSN 1664-705X (online) Working Paper No. 130 Long-Term Commitment and Cooperation Frédéric Schneider and Roberto
More informationTesting models with models: The case of game theory. Kevin J.S. Zollman
Testing models with models: The case of game theory Kevin J.S. Zollman Traditional picture 1) Find a phenomenon 2) Build a model 3) Analyze the model 4) Test the model against data What is game theory?
More informationWhat Happens in the Field Stays in the Field: Professionals Do Not Play Minimax in Laboratory Experiments
What Happens in the Field Stays in the Field: Professionals Do Not Play Minimax in Laboratory Experiments Steven D. Levitt, John A. List, and David H. Reiley American Economic Review July 2008 HELLO! I
More informationInformation Cascade Experiments
Information Cascade Experiments Lisa R. Anderson and Charles A. Holt * I. CASCADES ' The theoretical literature on "herding" pertains to situations where people with private, incomplete information make
More informationIntroduction to Game Theory Autonomous Agents and MultiAgent Systems 2015/2016
Introduction to Game Theory Autonomous Agents and MultiAgent Systems 2015/2016 Ana Paiva * These slides are based on the book by Prof. M. Woodridge An Introduction to Multiagent Systems and the online
More informationBayes Linear Statistics. Theory and Methods
Bayes Linear Statistics Theory and Methods Michael Goldstein and David Wooff Durham University, UK BICENTENNI AL BICENTENNIAL Contents r Preface xvii 1 The Bayes linear approach 1 1.1 Combining beliefs
More informationPhone: (518) Homepage:
Linna Xu 1400 Washington Avenue Albany, NY 12222 Phone: (518) 577-2668 Email: linna.xu709@gmail.com Homepage: http://linnaxu.weebly.com/ Education Ph.D. in Economics,, May 2018 (expected) M.A. in Economics,,
More informationStrategic Interdependence, Hypothetical Bargaining, and Mutual Advantage in Non-Cooperative Games
The London School of Economics and Political Science Strategic Interdependence, Hypothetical Bargaining, and Mutual Advantage in Non-Cooperative Games Mantas Radzvilas A thesis submitted to the Department
More informationPareto-optimal Nash equilibrium detection using an evolutionary approach
Acta Univ. Sapientiae, Informatica, 4, 2 (2012) 237 246 Pareto-optimal Nash equilibrium detection using an evolutionary approach Noémi GASKÓ Babes-Bolyai University email: gaskonomi@cs.ubbcluj.ro Rodica
More informationAP SEMINAR 2016 SCORING GUIDELINES
AP SEMINAR 2016 SCORING GUIDELINES AP SEMINAR END OF COURSE EXAM RUBRIC: SECTION I, PART A CONTENT AREA PERFORMANCE LEVELS Question 1 1 Understanding and Analyzing Argument Question 2 The response misstates
More informationBehavioural Economics University of Oxford Vincent P. Crawford Michaelmas Term 2012
Behavioural Economics University of Oxford Vincent P. Crawford Michaelmas Term 2012 Introduction to Behavioral Economics and Decision Theory (with very large debts to David Laibson and Matthew Rabin) Revised
More informationNash Equilibrium and Dynamics
Nash Equilibrium and Dynamics Sergiu Hart September 12, 2008 John F. Nash, Jr., submitted his Ph.D. dissertation entitled Non-Cooperative Games to Princeton University in 1950. Read it 58 years later,
More informationChapter 1 Social Science and Its Methods
Chapter 1 Social Science and Its Methods MULTIPLE CHOICE 1) Scientific knowledge is knowledge that has been: A) systematically gathered, classified, related, and interpreted. B) rediscovered and cherished
More informationCity, University of London Institutional Repository
City Research Online City, University of London Institutional Repository Citation: Glycopantis, D. & Stavropoulou, C. (2017). An agency relationship under general conditions of uncertainty: A game theory
More informationThe Voluntary Provision of a Public Good with Binding Multi-Round Commitments
September 28, 2005 The Voluntary Provision of a Public Good with Binding Multi-Round Commitments Matthew A. Halloran Department of Economics, Kansas State University, Waters Hall 339A, Manhattan, KS 66506,
More informationA Note On the Design of Experiments Involving Public Goods
University of Colorado From the SelectedWorks of PHILIP E GRAVES 2009 A Note On the Design of Experiments Involving Public Goods PHILIP E GRAVES, University of Colorado at Boulder Available at: https://works.bepress.com/philip_graves/40/
More informationThe Role of Trust in Ubiquitous Computing Marc Langheinrich ETH Zurich, Switzerland
When Trust Does Not Compute The Role of Trust in Ubiquitous Computing Marc Langheinrich ETH Zurich, Switzerland Time for Trust! Pervasive Computing Systems Require a Security Architecture Based on Trust
More informationPERUVIAN ECONOMIC ASSOCIATION. Ordered Leniency: An Experimental Study of Law. Enforcement with Self-Reporting
PERUVIAN ECONOMIC ASSOCIATION Ordered Leniency: An Experimental Study of Law Enforcement with Self-Reporting Claudia M. Landeo Kathryn E. Spier Working Paper No. 127, September 2018 The views expressed
More informationThe Role of Implicit Motives in Strategic Decision-Making: Computational Models of Motivated Learning and the Evolution of Motivated Agents
Games 2015, 6, 604-636; doi:10.3390/g6040604 Article OPEN ACCESS games ISSN 2073-4336 www.mdpi.com/journal/games The Role of Implicit Motives in Strategic Decision-Making: Computational Models of Motivated
More informationLEARNING AND EQUILIBRIUM, II: EXTENSIVE-FORM GAMES. Simons Institute Economics and Computation Boot Camp UC Berkeley,August 2015 Drew Fudenberg
LEARNING AND EQUILIBRIUM, II: EXTENSIVE-FORM GAMES Simons Institute Economics and Computation Boot Camp UC Berkeley,August 2015 Drew Fudenberg Extensive-Form Games Used to model games with sequential and/or
More informationCertificate in Peer Support (Mental Health) (Level 4)
Mind and Body Learning and Development Certificate in Peer Support (Mental Health) (Level 4) Further Information Postal Address: PO Box 26 396 Epsom Auckland, 1344 Phone: (09) 630 5909 ext. 803 Email:
More informationOn the Evolution of Choice Principles
On the Evolution of Choice Principles Michael Franke 1 and Paolo Galeazzi 2 1 Department of Linguistics, University of Tübingen 2 Institute for Logic, Language and Computation, Universiteit van Amsterdam
More informationThe False Beliefs of Women - How Women Believe Their Male Counterparts to Be Better Than Themselves
The False Beliefs of Women - How Women Believe Their Male Counterparts Be Better Than Themselves Chrisph Stumm (Chrisph.Stumm@rub.de) January 12 University of Passau Abstract: By conducting a P-Beauty
More informationIs Psychology the Future of Economics?
Is Psychology the Future of Economics? Douglas Gale September 15, 2005 I For most of my career, being an economic theorist has involved building models of economic phenonomena using two fundamental ideas,
More informationLearning and Peer Effects Disadvantageous lies
No. 71 november 2011 Urs Fischbacher Verena Utikal Learning and Peer Effects Disadvantageous lies Research Paper Series Thurgau Institute of Economics and Department of Economics at the University of Konstanz
More informationSUPPLEMENTARY INFORMATION
Supplementary Statistics and Results This file contains supplementary statistical information and a discussion of the interpretation of the belief effect on the basis of additional data. We also present
More information