Loading Events

« All Events

  • This event has passed.

Harry Di Pei (Northwestern University) – “Reputation Building with Endogenous Speed of Learning”

November 6, 12:15 am - 1:30 pm

CREST Microeconomics Seminar : 

Time: 12:15 pm – 1:30pm
Date: 6th Nov. 2019
Place: Room 3001.

Harry Di Pei (Northwestern University) – Reputation Building with Endogenous Speed of Learning

Abstract: “I study reputation models where each short-run player observes a (possibly stochastic) bounded subset of the long-run player’s previous period  actions, in addition to the entire history of her predecessors’ actions. Reputation effects fail because the speed of learning decreases endogenously with the long-run player’s patience. When each short-run player can also observe an informative signal about the long-run player’s current period action, I propose a resistent to learning condition under which reputation effects fail. This is because the short-run player’s action can be uninformative about the long-run player’s type in periods where the latter receives a low stage-game payoff. When the environment is not resistent to learning, the patient long-run player can secure his  commitment payoff in all equilibria. I explain the differences between my resistent to learning condition and the bounded informativeness condition in  observational learning models.”

Organizers:

Roxana Fernandez Machado (CREST), Marie Laure Allain (CREST), and Linda Schilling (CREST)

Sponsors:
CREST

Lunch registration:
food provided, no registration needed

 

Details

Date:
November 6
Time:
12:15 am - 1:30 pm
Event Category:

Venue

3001