6월 12일 BK 목요세미나 안내
- ecos
- 조회수1417
- 2025-06-09
6월 12일에 진행되는 목요세미나를 안내해드립니다.
- 일시: 2025년 6월 12일 (목) 16:30 - 17:45
- 장소: 경영관 33503호
- 발표자: 장동규 교수님 (City University of Hong Kong)
- 주제: Unveiling the Failure of Positive Selection
- Abstract: In dynamic screening problems between an uninformed seller and a privately-informed buyer, theory suggests that the presence of the buyer’s outside option leads to a significant surplus for the seller. However, this prediction relies on multiple layers of positive selection reasoning. To examine whether participants demonstrate positive selection in their belief updates, we conduct a two-round bargaining experiment with finite price alternatives, which enable us to identify first-, second-, and third-order positive selection reasoning. Few subjects adhere to the equilibrium reasoning, and the majority fail even at the first-order reasoning. Consequently, the seller payoffs fall short of the theoretical benchmark.
- 장소: 경영관 33503호
- 발표자: 장동규 교수님 (City University of Hong Kong)
- 주제: Unveiling the Failure of Positive Selection
- Abstract: In dynamic screening problems between an uninformed seller and a privately-informed buyer, theory suggests that the presence of the buyer’s outside option leads to a significant surplus for the seller. However, this prediction relies on multiple layers of positive selection reasoning. To examine whether participants demonstrate positive selection in their belief updates, we conduct a two-round bargaining experiment with finite price alternatives, which enable us to identify first-, second-, and third-order positive selection reasoning. Few subjects adhere to the equilibrium reasoning, and the majority fail even at the first-order reasoning. Consequently, the seller payoffs fall short of the theoretical benchmark.
