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, Kantemirovskaya 3 A.
The Department of Economics brings together experienced professors, of theoretical and applied economics and young teachers, educated in the best Russian and foreign universities who are introducing new technology into the learning process, interactive ways of working and innovational teaching approaches. The main criteria for selecting the teachers is their research work.
Orlando G., Sportelli M.
Ekaterinburg: Springer, 2022.
Nesterov A. S., Rospuskova O., Rubtsova S.
Social Choice and Welfare. 2024. P. 1-30.
Orlando G., Sportelli M.
In bk.: Consequences of Social Transformation for Economic Theory. Proceedings of the 2022 Euro-Asian Symposium on Economic Theory (EASET), Ekaterinburg, Russia. Ekaterinburg: Springer, 2022. P. 5-34.
Slepov Fedor, Kokovin S. G.
Basic research program. WP BRP. National Research University Higher School of Economics, 2023. No. 262/EC/2023.
Professor Svetlana Boyarchenko
If you would like to attend the seminar, please send your name and affiliation to: ykaprova@hse.ru.
While risks related to events that arrive randomly play important role in many real life decisions, models of learning and experimentation based on twoarmed Poisson bandits remain mostly abstract theoretical models with few economic applications. We suggest a new class of models of strategic experimentation which are almost as tractable as exponential models, but incorporate such realistic features as dependence of the expected rate of news arrival on the time elapsed since the start of an experiment and judgement about the quality of a “risky” arm based on evidence of a series of trials as opposed to a single evidence of success or failure as in exponential models with conclusive experiments. We demonstrate that, unlike in the exponential models, players may stop experimentation before the first breakdown happens. Moreover, ceteris paribus, experimentation in a model with breakthroughs may last longer than experimentation in the corresponding model with breakdowns.