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X-WR-CALDESC:Events for CREST
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TZID:Europe/Helsinki
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TZOFFSETFROM:+0200
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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Helsinki:20191106T001500
DTEND;TZID=Europe/Helsinki:20191106T133000
DTSTAMP:20260713T012805
CREATED:20190826T123324Z
LAST-MODIFIED:20190826T123324Z
UID:12304-1572999300-1573047000@crest.science
SUMMARY:Harry Di Pei (Northwestern University) - "Reputation Building with Endogenous Speed of Learning"
DESCRIPTION:CREST Microeconomics Seminar :  \n\nTime: 12:15 pm – 1:30pm\nDate: 6th Nov. 2019\nPlace: Room 3001.\nHarry Di Pei (Northwestern University) – Reputation Building with Endogenous Speed of Learning\nAbstract: “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.” \nOrganizers: \n\n\nRoxana Fernandez Machado (CREST)\, Marie Laure Allain (CREST)\, and Linda Schilling (CREST)\nSponsors:\nCREST\nLunch registration:\nfood provided\, no registration needed\n\n  \n
URL:https://crest.science/event/harry-di-pei-northwestern-university-reputation-building-with-endogenous-speed-of-learning/
LOCATION:3001
CATEGORIES:Microeconomics
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