With spring finally arrived, flowers are not the only things blossoming these days! The WISE schedule is also blooming with new events!
Next Wednesday, March 30, 2011 at 12.30-2 pm in Room 9C, WISE will be proud to host Giacomo Pasini, PhD and former student of the SSE, who will present his work on "Debt and Social interactions", joint work with Dimitris Georgarakos e Michalis Haliassos.
Here is an abstract of his presentation.
ABSTRACT
At the heart of the recent financial turmoil lies the inability of households to pay off their debts. Part of this inability is due to macro conditions, such as house prices. However, it is households themselves who borrowed excessively, making themselves vulnerable to such macro swings. This paper focuses on some possible determinants of household debt behavior beyond intertemporal consumption smoothing. We empirically find that concern for status within a social network increase indebtness, while friends and acquaintances can provide an alternative source of credit thus reducing indebtness.
Please note lunch will take place before the seminar, between 12.30 and 1 pm, with the presentation starting only at 1 pm. Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food.
Looking forward to seeing you all at WISE!
-the WISE staff
The blog of the Wednesday Informal Seminar in Economics (WISE)
New presentation THIS WEEK!!!
A shorter notice due to the recent celebration long weekend should not keep you from signing up for the next WISE presentation! This coming Wednesday, March 23, 2011 at 12.30 a.m. in room E, Department of Economics Paolo Pellizzari will present his work on "Computable dynamic trading equilibria in continuous double auctions".
Here is an abstract of his presentation.
ABSTRACT
Trading optimally in a Continuous Double Auction (CDA) is difficult, due to the nearly countless options available to traders. Analytical models simplify the setup to cope with such a complexity. We present some models of CDAs for which approximate equilibrium trading strategies can be computed and analyzed. We model the CDA as a stochastic sequential game, numerically (and simultaneously) solving for the best strategy for each type of trader. We show that the optimization procedures we use are robust to the "curse of dimensionality" and obtain time-dependent or state-contingent optimal strategies with realistic features.
Please note lunch will take place before the seminar, between 12.30 and 1 pm, with the presentation starting only at 1 pm. Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food.
Looking forward to seeing you all at WISE!
-the WISE staff
Here is an abstract of his presentation.
ABSTRACT
Trading optimally in a Continuous Double Auction (CDA) is difficult, due to the nearly countless options available to traders. Analytical models simplify the setup to cope with such a complexity. We present some models of CDAs for which approximate equilibrium trading strategies can be computed and analyzed. We model the CDA as a stochastic sequential game, numerically (and simultaneously) solving for the best strategy for each type of trader. We show that the optimization procedures we use are robust to the "curse of dimensionality" and obtain time-dependent or state-contingent optimal strategies with realistic features.
Please note lunch will take place before the seminar, between 12.30 and 1 pm, with the presentation starting only at 1 pm. Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food.
Looking forward to seeing you all at WISE!
-the WISE staff
Get passionate about WISE!
With spring on its way, even WISE cannot avoid a touch of passion!
Coming up next week, Umberto Rosin will present present his work on "The Economy of Passion".
Here is an abstract of his presentation:
ABSTRACT
The world is moving toward the enhancement of human work life conditions. Nowadays, along with economic progress, more and more people choose their job looking for well-being achievement rather than mere extrinsic rewards. By studying passion for activities among professionals and entrepreneurs, and identifying contexts here defined as “high passion intensity industries”, the present research sheds light on human behavior as to the way people choose and perform work activities. Sports, arts, collecting, education, creative industries in general, and hundreds of different leisure activities do represent elective high passion intensity industries. The dualistic model of passion (Vallerand et al., 2003) is adopted to frame and measure this important yet “undercover” asset circulating within organizations which is often transferred to customers. Virtuous circles of emotional contagion find a fecund environment in networks of passionate actors, leading to strong marketing and managerial implications. A deep understanding of the chosen empirical context – the board game industry – has been reached through an ethnographic approach using a mix of qualitative and quantitative data analysis techniques.
As usual, lunch will take place before the seminar, between 12.30 and 1 pm, with the presentation starting only at 1 pm. Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food. Please remember also to state whether you require a vegetarian option!
Stay tuned for more WISEdom announcement!
-the WISE staff
Coming up next week, Umberto Rosin will present present his work on "The Economy of Passion".
Here is an abstract of his presentation:
ABSTRACT
The world is moving toward the enhancement of human work life conditions. Nowadays, along with economic progress, more and more people choose their job looking for well-being achievement rather than mere extrinsic rewards. By studying passion for activities among professionals and entrepreneurs, and identifying contexts here defined as “high passion intensity industries”, the present research sheds light on human behavior as to the way people choose and perform work activities. Sports, arts, collecting, education, creative industries in general, and hundreds of different leisure activities do represent elective high passion intensity industries. The dualistic model of passion (Vallerand et al., 2003) is adopted to frame and measure this important yet “undercover” asset circulating within organizations which is often transferred to customers. Virtuous circles of emotional contagion find a fecund environment in networks of passionate actors, leading to strong marketing and managerial implications. A deep understanding of the chosen empirical context – the board game industry – has been reached through an ethnographic approach using a mix of qualitative and quantitative data analysis techniques.
As usual, lunch will take place before the seminar, between 12.30 and 1 pm, with the presentation starting only at 1 pm. Remember also that WISE went green, thus we kindly ask you to confirm by email your participation to the seminar in due time, in order to allow to prepare the right amount of food. Please remember also to state whether you require a vegetarian option!
Stay tuned for more WISEdom announcement!
-the WISE staff
March is just packed with WISEdom!
Dear all,
March does not just mean spring is coming! WISEdom will be spreading this month, with three meetings coming up!
After a short break, seminars will be back on March 16, when Umberto Rosin will present his work in the usual Wednesday slot. Paolo Pellizzari and Giacomo Pasini will be next in line on the two following weeks.
Mark your calendar for this extremely eventful March and keep visiting this blog for updated information!
-the WISE staff
March does not just mean spring is coming! WISEdom will be spreading this month, with three meetings coming up!
After a short break, seminars will be back on March 16, when Umberto Rosin will present his work in the usual Wednesday slot. Paolo Pellizzari and Giacomo Pasini will be next in line on the two following weeks.
Mark your calendar for this extremely eventful March and keep visiting this blog for updated information!
-the WISE staff
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