An agent has access to multiple information sources, each of which provides information about a different attribute of an unknown state. Information is acquired continuously — where the agent chooses both which sources to sample from, and also how to allocate attention across them — until an endogenously chosen time, at which point a decision is taken. The paper presented in this Virtual Market Design Seminar provides an exact characterization of the optimal information acquisition strategy under weak conditions on the agent’s prior belief about the different attributes. The authors then apply this characterization to derive new results regarding: (1) endogenous information acquisition for binary choice, (2) strategic information provision by biased news sources, and (3) the dynamic consequences of attention manipulation.

Rednerin

Annie Liang

Northwestern University, Evanston, USA

If you would like to participate and to stay up to date about upcoming presentations, please join our mailing list. You will receive the Zoom link for each talk.

The seminar presentations are scheduled to last 60 minutes: 45 minutes of presentation and 15 minutes for both comments and questions.

We will experiment with various methods for questions: A moderator collects questions during the presentation. Speakers will be encouraged to pause every few slides to allow a gap for questions. The moderator will relay clarification questions or unmute selectively during the talk. Remaining questions will be collected and asked in the discussion period.

Just like with other initiated virtual seminars, these rules are subject to change as we gain experience with how to handle the seminar most efficiently.

The idea for this format was borrowed from the Chamberlain Seminar. Other online seminars can be found at the AEA website.

The Virtual Market Design Seminar is an open online alternative to seminars cancelled due to the COVID-19. Seminars will cover all fields from market design. The seminar presentations are scheduled to last 60 minutes, after 45 minutes of presentation, 15 minutes are for both comments and question.

Termin

10.05.2021 | 16:00 - 17:00 (CET)

Veranstaltungsort

Online


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