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 Reseach Group Name research group are:
Events
MIWP Workshop - Yusufcan Demirkan (KU)
Title: Visual Choice
Abstract: I propose a procedural model of random choice called visual choice based on the eye movements of individuals. The decision maker fixates randomly on alternatives and performs saccades to other alternatives based on the fixation point. The choice probabilities are determined using a random tie-breaking between these saccaded alternatives and weighting according to the fixation probabilities, both formulated using the well-known Luce rule. I discuss the cases of fixation-independent and fixation-dependent saccades. The former connects to the recent literature extending the Luce rule giving a procedural interpretation for these choice rules. For the latter, I discuss a special case called satisficing visual choice which determines the choice probability of an alternative x by calculating the weighted average of the contribution coming from the fixated alternatives strictly dominated by x. The main results of the model are related to the rationality properties of this procedure, and a behavioral characterization result based on conditions imposed on the choice data
Weblink: https://www.dropbox.com/scl/fi/xvw4qnbqbaq9jdt7etj90/VC.pdf?rlkey=34npoxpffwmwqfe6owsmy4kda&e=1&dl=0