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05.06. Micro Theory Seminar: Barton Lipman

Micro Theory Seminar with Barton Lipman (Boston University)

Event details
What
  • Micro Theory Seminar
When Jun 05, 2019
from 12:00 to 13:30
Where room 0.017
Contact Name Stephan Lauermann
Contact Email
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Topic

  Acquisition of/Stochastic Evidence

Abstract

 We consider a model of evidence acquisition and a model of stochastic evidence for use in both games and mechanism design. We discuss conditions under which we can simplify the mechanism design problem for evidence acquisition, showing that it reduces to the mechanism design problem for stochastic evidence under certain assumptions. Finally, we give a no—value-to-commitment result which uses extremely weak assumptions on the evidence technology and the nature of the interaction between the principal and the agent.
 


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