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DTSTART;TZID=Europe/Helsinki:20250917T121500
DTEND;TZID=Europe/Helsinki:20250917T133000
DTSTAMP:20260710T030718
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SUMMARY:Nikhil VELLODI (PSE) - "Self-Prospecting: Optimal Experimentation Under Present-Bias"
DESCRIPTION:Séminaire Microéconomie : Tous les mercredis\nHeure : 12h15 – 13h30\nDate : 17/09/2026\nSalle : 3001 \nNikhil VELLODI (PSE) – “Self-Prospecting: Optimal Experimentation Under Present-Bias” \nCV : A present-biased decision maker (DM) faces a two-armed bandit problem whose risky arm generates random payoffs at exponentially distributed times. Under full information\, the DM’s belief remains unchanged prior to payoff arrivals\, generating a “lumpy” belief process that updates infrequently but conclusively. Our main finding is that coarsening the DM’s information to foster `”gradual optimism” – a continuously increasing path of beliefs during active experimentation – helps motivate the DM more effectively and deliver them greater welfare. We relate our findings to those in behavioral psychology relating to motivation\, learning\, and self-control\, and apply our results to parenting and pedagogy. \nJoint work with : Polina Borisova (PSE) \nOrganisateurs : \nJulien COMBE (Pôle d’Economie du CREST)\n​​​​​​​​​​​​Yves Le YAOUANQ (Pôle d’Economie du CREST)\n​​​​​​​​​Matias NUNEZ (Pôle d’Economie du CREST) \nCommanditaires :\nCREST \n
URL:https://crest.science/event/nikhil-vellodi-pse-tba-2/
CATEGORIES:Microeconomics,Seminars
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