Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
Seminar - Alkis Georgiadis-Harris (LSE)
Title of paper: Information Acquisition and the Timing of Actions
This paper develops a dynamic model of information acquisition, in which the decision maker lacks control over the timing of their action. It characterizes the optimal dynamic experiment when the decision maker can flexibly choose all relevant aspects of the information they acquire. The cost of an experiment depends on the quantity of information it produces. At the optimum, the decision maker concentrates resources in generating a single piece of breakthrough news, contradicting their plan of action. In the absence of such news, the decision maker becomes more confident in their intentions. This leads them to sacrifice the frequency with which breakthroughs arrive in order to increase their impact on choice behaviour. These are in stark contrast with the case where the timing of actions is endogenous, in which breakthroughs confirm beliefs, and the resolution of the trade-off between frequency and precision is reversed.
Time to be confirmed.