Seminar

Experiments as convex functions: three applications

Emir Kamenica (Chicago Booth School of Business)

June 6, 2017, 11:00–12:30

Toulouse

Room MS 001

Economic Theory Seminar

Abstract

When the state space is binary or when only posterior means matter, it is possible to represent any experiment (joint distribution of truth and data) as a convex function. I present three applications of this representation: (i) manipulating posterior means, (ii) determining joint informational content of multiple datasets, and (iii) rationalizing reactions to unknowns sources of information.