Flexibility and Information
10:00-11:30, Friday, October, 14, 2022
Tencent Meeting（Meeting ID：394 979 219）
Dr. Mark Whitmeyer is now an assistant professor in the Department of Economics, of Arizona State University. He earned his Ph.D. in Economics from the University of Texas-Austin at 2020. His research interests include information economics and game theorey. He has his paper published in the Journal of Political Economy, the annals of Finance and the Journal of Mathematical Economics.
We study the effect of increased flexibility–increasing the number of actions available to an agent by one–on the agent’s value for information. We find that increased flexibility always makes information more valuable if and only if the new action is extremal. This condition is also necessary and sufficient for the agent to not acquire less information as flexibility increases, when information is endogenously acquired by the agent. We apply this finding to a monopolistic screening problem in which the good is information.
For more information of the seminar, scan the following QR code(s) to join Tencent QQ group (904 544 292) or WeChat group named "IAER Seminar (3)", please.
(QR code is valid until 28/9/2022)