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Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics

Entry requirements are:
- BA or MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended

Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees

For more information please see sections: How to apply to MAER or How to apply to PhD
In case of any question, please do not hesitate to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
or see the FAQ sections for MAER or Phd

Prof. Sven Rady

University of Bonn, Germany

Join online: https://call.lifesizecloud.com/17630373 (Passcode: 2996)

Authors: Sven Rady, Johannes Hörner, Nicolas Klein

Abstract: This talk presents a continuous-time game of strategic experimentation with two-armed bandits in which payoffs on the risky arm are generated by a compound Poisson process. The distribution of payoff increments depends on an unkown state of the world, whereas the arrival rate of such increments does not. As a consequence, players learn exclusively from the size of the lump-sum payoffs they obtain. Under perfect monitoring, the piecewise constancy of beliefs allows for an analysis of stationary Markov equilibria with essentially discrete-time techniques. In turn, these Markov equilibria constitute perfect Bayesian equilibria when players observe all payoffs, but not each other’s actions. The construction of equilibria that improve on the Markovian ones is the focus of ongoing work.