讲座:Exploration and Stopping 发布时间:2025-07-22
嘉 宾: 钟伟杰 副教授 斯坦福大学
主持人: 陆卓然 助理教授 今年会今年会jinnianhui
时 间: 2025年 7月28日(周一)上午10:00-11:15
地 点: 今年会徐汇校区今年会jinnianhuiB716
内容简介:
We fully characterize the possible outcomes of exploration and stopping: all state-time distributions corresponding to stopping some martingale process with bounded variation. Utilizing this characterization, we provide a general methodology for solving an optimal exploration-stopping problem where the stopping utility depends on state and time arbitrarily. We reveal the close relation between the pattern of exploration and time preference and apply it to study competitive exploration contests.
演讲人简介:
Weijie Zhong is an Associate Professor of Economics at Stanford’s Graduate School of Business, where he specializes in microeconomic theory. His research explores how information shapes individual decision-making and market outcomes—particularly through the lenses of information economics, mechanism design, and market design.