Oxford Events, the new replacement for OxTalks, will launch on 16th March. The two-week OxTalks freeze period starts on Monday 2nd March. During this time, there will be no facility to publish or edit events. The existing OxTalks site will remain available to view during this period. Once Oxford Events launches, you will need a Halo login to submit events. Full details are available on the Staff Gateway.
We study the role of risk in strategic information transmission. Revisiting the choice between delegation and communication, we find that a uniform scaling of variance has no effect on the optimal choice of authority, and thus in no adequate measure of risk. We, then, consider the effect of the shape of the distribution, in particular, the weight in the tails. We find that a high risk of extreme events diminishes the quality of information sharing. As a result, delegation of authority becomes relatively more attractive compared to communication in environments with more weight in the tails.
Please sig up for meetings here: docs.google.com/spreadsheets/d/1bH85x-6DkQqESblvVoH5mySYRE0o8-4IIGx7I46Z4cE/edit#gid=0
