EC24 Workshop

Information Acquisition

Workshop Theme

 In the modern data-driven world, information acquisition plays a critical role in informed decision-making. This event will explore recent works on acquiring, evaluating, and integrating information from strategic sources, with potential decision-making applications. The workshop will cover topics including elicitation, calibration, decision under falsifiable information, and learning with strategic agents, with invited talks and contributed presentations. 

Confirmed Speakers

Schedules: July 8

Invited Talks

10:00 - 10:30am, break.

Abstract: When myopic decision-makers face a bandit problem, how well do they explore as a collective? We discuss how this issue plays out in several related scenarios, from social learning in bandit environments to incentivized exploration in recommendation systems to incentivized participation in clinical trials. 

Based on three recent papers: NeurIPS'23, EC'24, working paper

Abstract: We consider sequential search by an agent who cannot observe the quality of goods but can acquire information by buying signals from a profit-maximizing principal with limited commitment power. The principal can charge higher prices for more informative signals in any period, but high prices in the future discourage continued search by the agent, thereby reducing the principal's future profits. A unique stationary equilibrium outcome exists, and we show that the principal (i) induces the socially efficient stopping rule, (ii) extracts the full surplus, and (iii) persuades the agent against settling for marginal goods, extending the duration of surplus extraction. However, introducing an additional, free source of information can lead to inefficiency in equilibrium. 

Poster Session

July 8, 1-2 pm.

Call for Papers

We are now calling for poster submissions. We encourage two-page extended abstract submission but also welcome full-paper submissions of recent or unpublished work that are related to the topics above. 

Submission Timelines

The workshop will take place on Monday morining (July 8) during the EC conference. 

Submission Instructions

Please email the submission to ec24workshop-information-acquisition@googlegroups.com.

Organizers

Peking University

Yale University

Northwestern University

Contact