We periodically invite to campus distinguished
scholars to give mini-courses on a topic of current interest.
These mini-courses are open to all members of the Northwestern
community as well as visitors from other Colleges and Universities.
Vincent Crawford, Drummond Professor of Political Economy at the University of Oxford,will present a mini-course on �Level-k Thinking: Theory, Evidence, and Applications� during his visit to Northwestern in April.
The first lecture will be Tuesday, April 18, 2017.
11:00am-12:30pm - Global Hub #2130.
In the first lecture, Vince will review his work on mechanism design with k-level thinking in this lecture (reading 1 below).
In the second lecture, Friday, April 21, 11:00am-12:30pm, Global Hub #5101, Vince will review various kinds of evidence on k-level thinking in games (readings 2-6 below).
1. Vincent P. Crawford. �Efficient Mechanisms for Level-k Bilateral Trading�
2. Vincent P. Crawford, Miguel A. Costa-Gomes, and Nagore Iriberri. 2013. �Structural Models of Nonequilibrium Strategic Thinking: Theory, Evidence, and Applications,� Journal of Economic Literature, 51(1): 5�62
3. Costa-Gomes, Miguel A., Vincent P. Crawford, and Bruno Broseta. 2001. �Cognition and Behavior in Normal-Form Games: An Experimental Study.� Econometrica 69 (5): 1193�1235.
4. Costa-Gomes, Miguel A., and Vincent P. Crawford. 2006. �Cognition and Behavior in Two-Person Guessing Games: An Experimental Study.� American Economic Review 96 (5): 1737�1768.
5. Brocas, Isabelle, Juan D. Carrillo, Stephanie W. Wang, Colin F. Camerer. 2014. �Imperfect Choice or Imperfect Attention? Understanding Strategic Thinking in Private Information Games.� Review of Economic Studies 81 (3): 944-970.
6. Wang, Joseph, Michael Spezio, and Colin F. Camerer. 2010. �Pinocchio's Pupil: Using Eyetracking and Pupil Dilation to Understand Truth Telling and Deception in Sender-Receiver Games� American Economic Review 100 (3): 984-1007.
Slides for the mini-course are available here.
There are four slide decks for the mini-course:
1. Efficient mechanisms for level-k bilateral trading
2. A level-k model for games with asymmetric information
3. Measuring cognition in economic decisions: How and why? II: Studying cognition via information search in game experiments
4. Structural and nonparametric econometrics
Vince plans to discuss deck (1) on Tuesday, April 18, and decks (2)-(4) on Friday, April 21.
For information on past mini-courses,