Thu, 27 May 2010
13:00
DH 1st floor SR

Studying Strategic Thinking Experimentally by Monitoring Search for Hidden Payoff Information

Vincent Crawford
(Economics)
Abstract

The talk concerns experiments that study strategic thinking by eliciting subjects’ initial responses to series of different but related games, while monitoring and analyzing the patterns of subjects’ searches for hidden but freely accessible payoff information along with their decisions.

Thu, 16 Oct 2008

13:00 - 14:00
DH 1st floor SR

Comparative statics, informativeness, and the interval dominance order

John Quah
(Economics)
Abstract

We identify a natural way of ordering functions, which we call the interval dominance order, and show that this concept is useful in the theory of monotone comparative statics and also in statistical decision theory. This ordering on functions is weaker than the standard one based on the single crossing property (Milgrom and Shannon, 1994) and so our monotone comparative statics results apply in some settings where the single crossing property does not hold. For example, they are useful when examining the comparative statics of optimal stopping time problems. We also show that certain basic results in statistical decision theory which are important in economics - specifically, the complete class theorem of Karlin and Rubin (1956) and the results connected with Lehmann's (1988) concept of informativeness – generalize to payoff functions that obey the interval dominance order.

Fri, 22 Feb 2008
09:00
DH 3rd floor SR

Sports Betting

Karen Croxson
(Economics)
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