Microeconomic Theory
Microeconomic Theory
The Department of Economics at the University of Warwick has an active Microeconomic Theory Research Group, with a weekly external seminar, a weekly internal workshop, and high quality PhD students. We also organise international conferences on campus, or in Venice.
Our activities
CRETA Seminars in Economic Theory
Wednesday: 4-5.30pm
Since its creation in 2006, CRETA has run a seminar series with external and internal talks on economic theory and applications. For a detailed scheduled of speakers please follow the link below:
Organisers: Daniele Condorelli and Costas Cavounidis
Micro Theory Work in Progress (MIWP) Workshop
Thursday: 1-2pm
For faculty and PhD students at Warwick and other top-level academic institutions across the world. For a detailed scheduled of speakers please follow the link below.
Organiser: Agustin Troccoli-Moretti
People
Academics
Academics associated with the Microeconomic Theory Research Group are:
Events
CRETA Seminar - Alex Smolin (Toulouse)
Title: Robust Trust (with Piotr Dworczak)
Abstract: An agent chooses an action based on her private information and a recommendation from an informed but potentially misaligned adviser. With a known probability, the adviser truthfully reports his signal; with the remaining probability, he can send any message. We characterize optimal robust decision rules that maximize the agent's worst-case expected payoff. Every optimal rule is equivalent to a trust-region policy i belief space: the adviser's reported beliefs are taken at face value if they fall within the trust region but are otherwise clipped to the trust region's boundary. We derive alignment thresholds above which advice is strictly valuable and fully characterize the solution in both binary-state and binary-action environments.