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Daniel Hauser (Aalto University)
Toulouse: TSE, March 27, 2018, 11:00–12:30, room MF 323
We explore model misspecification in an observational learning framework. Individuals learn from private and public signals and the actions of others. An agent’s type specifies her model of the world. Misspecified types have incorrect beliefs about the signal distribution, how other agents draw...
Yair Antler (University of Essex)
TSE, March 26, 2018, 14:00–15:30, room MF 323
A scheme organizer designs a pyramid scam in order to exploit agents who rely on a simplified model of the world. We find necessary and sufficient conditions on the agents' tendency to spread information by word-of-mouth under which he is able to do so. Further, we show that in order to sustain a...
Irina Zviadadze
TSE, March 26, 2018, 12:30–14:00, room MF 323
Return predictability reveals economic variables that drive expected returns. Alternative economictheories relate fluctuations in predictive variables to different sources of risk. I develop an empiricalapproach that exploits these observations and measures how economically interpretable...
Fredrik Carlsson (University of Göteborg)
Toulouse: TSE, March 26, 2018, 11:00–12:15, room MS 003
Nudges are no longer just used to fix internalities, but can be used to take advantage of individuals’ bounded rationality, and through a change in the choice architecture, affect behavior so that negative externalities are reduced. While we are gaining more and more insights into when and how...
Toulouse, France, March 26–27, 2018, room MS 001
Catherine Casamatta (TSE)
Toulouse: IAST, March 23, 2018, 11:30–12:30
Blockchains are distributed ledgers, operated within peer-to-peer networks. If reliable and stable, they could offer a new, cost effective way to record transactions, but are they? We model the proof-of-work blockchain protocol as a stochastic game and analyse the equilibrium strategies of rational...
Christopher Bail (Duke University)
Toulouse: IAST, March 23, 2018, 11:30–12:30, room MF 323
There is mounting concern that social media sites contribute to political polarization by creating echo chambers that insulate people from opposing views about current events. We surveyed a large sample of Democrats and Republicans who visit Twitter at least three times each week about a range of...
Christopher Udry (Yale University)
Toulouse: TSE, March 22, 2018, 11:00–12:30, room MF 323
We find that returns to capital are higher for farmers who borrow than for those who do not. We measure this using a two‐stage loan and grant experiment. In our first stage, we offer loans to some villages and not others. In the second stage, we provide cash grants to a random subset of all farmers...
Luciano Campi (London School of Economics)
Toulouse: TSE, March 22, 2018, 11:00–12:15, room MS001
We consider a general nonzero-sum impulse game with two players. The main mathematical contribution of the paper is a verification theorem which provides, under some regularity conditions, a suitable system of quasi-variational inequalities for the value functions and the optimal strategies of the...
Nicola Pavoni (Bocconi University)
TSE, March 22, 2018, 10:30–12:00, room MS 003
Is there a role for the government in intervening by taxing trades in financial markets? If so, how does the intervention depend on the structure of the financial system? The structure of the financial system differs across countries: US and UK are market based, Japan and Continental Europe are...
