Agenda

12 Dic 2018 14:30

Seminario "Decentralized dynamics in buyer-seller markets: theory and experimental evidence"

Aula Saraceno - Campus San Giobbe

Appuntamento con il seminario dal titolo: "Decentralized dynamics in buyer-seller markets: theory and experimental evidence". Relatore Heinrich Nax, dell'Università Ca' Foscari di Venezia.

 

Abstract

We study dynamics of price convergence in buyer-seller markets using evolutionary game theory and the theory of learning in games. We discuss old and new (own) evidence from controlled lab and online experiments in such markets. We identify the key features of human decision-making, analyze the value of information, and investigate the resulting convergence properties of such behaviorally founded models. Particular attention is paid to equilibrium and out-of-equilibrium dynamics.

Lingua

L'evento si terrà in italiano

Organizzatore

Dipartimento di Management

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