International College of Economics and Finance

ICEF Research Seminar by Omer Tamuz (Caltech)

On Thursday, April 26 at 4.40 pm, room 3211 (Shabolovka str. 26) ICEF held the Research Seminar.
Speaker: Omer Tamuz (Caltech)
Theme: "Social Learning Equilibria" joint with E. Mossel, M. Mueller Frank and A. Sly

Abstract: We consider social learning settings in which a group of agents face uncertainty regarding a state of the world, observe private signals, share the same utility function, and act in a general dynamic setting. We introduce Social Learning Equilibria, a static equilibrium concept that abstracts away from the details of the given dynamics, but nevertheless captures the corresponding asymptotic equilibrium behavior. We establish strong equilibrium properties on agreement, herding, and information aggregation.

ICEF seminar