Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
Wednesday, November 17, 2010
-Export as iCalendar |
Peter HammondS2.79"Resilience Values in Enlivened Decision Trees" Abstract: Standard normative decision theory considers behaviour within a fixed decision tree, which history gradually prunes as counterfactual events and decisions are removed. Applied to decision trees with moves by both chance and nature, the consequentialist rationality principle of normal form invariance implies that behaviour should maximize a preference ordering over roulette mixtures of horse lotteries that satisfies both the independence axiom and the Anscombe/Aumann version of Savage's sure-thing principle. Yet tractability allows only bounded trees to beconsidered. Then unmodelled events or decisions could emerge later as new branches of an enlivened tree. This paper discusses the possibility of extending the consequentialist rationality principle to a relevant domain of enlivened trees. A generalization of the dynamic programming principle of optimality will apply, allowing "resilience values" to reflect ex-ante subjective estimates of the ex post rational state valuation function in the current bounded model. |
-Export as iCalendar |
CRETA seminar Nicola Gennaioli (CREI)S2.79(CREI)
|