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SUMMARY:The Good\, the Bad and the Complex: Product Design with Imperfect 
 Information
DTSTART:20200515T103000
DTEND:20200515T120000
DTSTAMP:20260930T215136Z
UID:b8837a96c84cfce9488c40da0ff226524e082d9cf9f44433cb6e456c
CATEGORIES:Conferences - Seminars
DESCRIPTION:Victoria VANASCO\, CREI\, UPF and Barcelona GSE\nWe study the 
 joint determination of product quality and complexity in a rational settin
 g. We introduce a novel notion of complexity\, which affects how costly it
  is for an agent to acquire information about product quality. In our mode
 l\, an agent can accept or reject a product proposed by a designer\, who c
 an affect the quality and the complexity of the product. Examples include 
 banks that design financial products that they offer to retail investors\,
  or policymakers who propose policies for approval by voters. We find that
  complexity is not necessarily a feature of low quality products. While an
  increase in alignment between the agent and the designer leads to more co
 mplex but better quality products\, higher product demand or lower competi
 tion among designers leads to more complex and lower quality products. Our
  findings produce novel empirical implications on the relationship between
  quality and complexity\, which we relate to evidence within\nthe context 
 of financial products and regulatory policies.
LOCATION:Zoom Webinar https://epfl.zoom.us/s/95208886299
STATUS:CONFIRMED
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