Strategic Exploration: Pre-emption and Prioritisation by Qingmin Liu

Join us for this Microeconomics Research Seminar Series event as part of our Autumn Term 2020

Professor Qingmin Liu from the Department of Economics, at the Columbia University will present their research seminar entitled Strategic Exploration: Pre-emption and Prioritisation.

Abstract

This paper provides a model of strategic exploration in which two competing players simultaneously explore a set of alternatives over time to study search dynamics, payoff divisions, and distributions of discovery time. The strategic tension is between pre-emption, eg. the incentive to explore alternatives before the opponent explores them in future, and prioritisation, eg. the incentive to explore alternatives with the highest success probabilities.

This seminar will  take place on Zoom. This event is open to all levels of study and is also open to the public. To register your place and gain access to the webinar, please contact the seminar organisers.

This event is part of the Microeconomics Research Seminar Series.