Qiaoxi Zhang:Delegation of Costly information Acquisition

主讲人: Qiaoxi Zhang

Qiaoxi Zhang received her PhD in Economics from Caltech in 2016. She has been working on game theory in Chile from 2016-2020. She will join Xiamen University as an assistant professor in Fall 2021.

主持人: Jiong Zhu

Learning is crucial to effective organizational decision making, but often it has to be delegated. We examine a dynamic delegation problem where a principal needs to decide on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns about the profitability over time and communicates to the principal. We formulate learning delegation as a dynamic mechanism design problem and characterize the optimal delegation scheme. Our results show that private learning gives rise to the tradeoff between how much information to acquire and how promptly the acquired information is reflected in the decision. We discuss implications on learning delegation for distinct organizations.

时间: 2021-06-10(Thursday)16:40-18:00
地点: Room N302, Economics Building
期数: 经济学科学术新秀系列讲座第10讲
主办单位: 中文字幕不卡高清视频在线、王亚南经济研究院
承办单位: 中文字幕不卡高清视频在线、王亚南经济研究院
类型: 系列讲座