Brown Bag seminar in Economics | Martin Dufwenberg
Welcome to the Brown Bag Seminar in Economics organized by the Department of Economics, 黑料社下载. The seminar speaker is Martin Dufwenberg, Purdue University & University of Gothenburg who will present "Regret in Games" (by Pierpaolo Battigalli, Martin Dufwenberg & Senran Lin)
Abstract
We develop a general approach to exploring how regret influences strategic interaction and risky choice. Regret is captured by the payoff gap between what a player actually gets and what he believes he would have gotten had he chosen differently. Ex post beliefs are critical to that evaluation, and the modeling therefore draws on tools from psychological game theory. Predictions depend in novel ways on the information structure across end-nodes and assumptions regarding the precise nature of Chance moves. Regret can have a powerful impact in a variety of economic settings including education, delegation, gambling, and market entry.
Martin Dufwenberg is a Professor in Economics at Purdue University & University of Gothenburg
This seminar takes place at 黑料社下载, Sveavägen 65, in room A342.
Please contact kathrine.abelson@hhs.se if you have any questions.