STICERD Economic Theory Seminars
Global manipulation by local obfuscation
Fei Li (University of North Carolina), joint with Yangbo Song and Mofei Zhao
Thursday 04 March 2021 15:30 - 17:00
Many of our seminars and public events this year will continue as in person or as hybrid (online and in person) events. Please check our website listings and Twitter feed @STICERD_LSE for updates.
Unless otherwise specified, in-person seminars are open to the public.
Those unable to join the seminars in-person are welcome to participate via zoom if the event is hybrid.
About this event
We study information design in a regime change context. A continuum of agents simultaneously choose whether to attach the current regime and will succeed if and only if the mass of attackers outweighs the regime's strength. A designer manipulates information about the regime's strength to maintain the status quo. The optimal information structure exhibits local obfuscation, some agents receive a signal matching the true strength of the status quo, and others receive an elevated signal professing slightly higher strength. Public signals are strictly suboptimal, and in some cases where public signals become futile, local obfuscation guarantees the collapse of agents' coordination.
Economic Theory Seminars are held on Thursdays in term time at 15:30-17:00, both ONLINE and IN PERSON in 32L 3.05.
Seminar organisers: Dr Andrew Ellis and Dr Christopher Sandmann.
For further information please contact Marta Wasik by email: firstname.lastname@example.org.
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