一、报告题目
Innovation Adoption by Forward-Looking Social Learners
二、报告人
Mira Frick，Mira Frick is a postdoctoral research fellow at the Cowles Foundation at Yale University and will join Yale's economics department as an assistant professor in July 2017. Mira is a microeconomic theorist interested in game theory, decision theory, information economics, and behavioral economics. Her recent papers study the effect of an economy’s potential for social learning on the adoption of innovations of uncertain quality; the robustness of refinements of rationality in incomplete-information games; and decision-theoretic characterizations of“choice overload.
Prior to joining Yale, she received a PhD in Business Economics from Harvard University in May 2015, and completed undergraduate and graduate-level studies in mathematics and philosophy at the University of Oxford, ÉcoleNormale Supérieure (Paris), and UC Berkeley. In 2003, she spent a semester studying Mandarin at Shandong University.
三、报告时间
2016年12月27日14:00
四、报告地点
知新楼B423聚贤报告厅
五、报告摘要
Motivated by the rise of social media, we build a model studying the effect of an economy’s potential for social learning on the adoption of innovations of uncertain quality. Provided consumers are forward-looking (i.e., recognize the value of waiting for information), equilibrium dynamics depend non-trivially on qualitative and quantitative features of the informational environment. We identify informational environments that are subject to a saturation effect, whereby increased opportunities for social learning can slow down adoption and learning and do not increase consumer welfare. We also suggest a novel, purely informational explanation for different commonly observed adoption curves (S-shaped vs. concave curves).
六、主办单位
山东大学经济学院
