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Joachim R Groeger

Applied Microeconomist

 

Research

 

I conduct research in the areas of Industrial Organization, Inverse Reinforcement Learning, and Reinforcement Learning.

IRL/RL Research

Inverse Reinforcement Learning with Conditional Choice Probabilities https://arxiv.org/abs/1709.07597

with Mohit Sharma, Robert A. Miller and Kris M. Kitani

We make an important connection to existing results in econometrics to describe an alternative formulation of inverse reinforcement learning (IRL). In particular, we describe an algorithm using Conditional Choice Probabilities (CCP), which are maximum likelihood estimates of the policy estimated from expert demonstrations, to solve the IRL problem. We show via extensive experimentation on standard IRL benchmarks that CCP-IRL is able to outperform MaxEnt-IRL, with as much as a 5x speedup and without compromising on the quality of the recovered reward function.

Applied Micro Research

A Study of Participation in Dynamic Auctions

Published in Vol. 55, No. 4, November 2014,  International Economic Review

This paper studies repeated entry and bidding decisions in construction procurement auctions. We find evidence in the data that suggest the presence of significant cost savings from entering contracts of the same type. We estimate a dynamic auction model to measure the gains to experience for bidders. An auctioneer can increase competition by awarding contracts of the same type in sequence. As a result, procurement costs for each contract can be lowered by 7%, a saving of $110,000.

Draft Version

Bidding frictions in Ascending Auctions with Aaron Barkley and Robert A. Miller (supersedes "Ascending Auctions with Costly monitoring"), Accepted at Journal of Econometrics

This paper develops an approach for identifying and estimating the distribution of valuations in ascending auctions where an indeterminate number of bidders have an unknown number of bidding opportunities. To finesse the complications for identification and estimation due to multiple equilibria, our empirical analysis is based on the fact that bidders play undominated strategies in every equilibrium. We apply the model to a monthly financial market in which local banks compete for deposit securities. This market features frequent jump bidding and winning bids well above the highest losing bid, suggesting standard empirical approaches for ascending auctions may not be suitable. We find that frictions are costly both for revenue and allocative efficiency. 

 

The informational content of the limit order book: an empirical study of prediction markets

In this paper I empirically investigate prediction markets for binary options (Arrow-Debreu securities) for political events.

arXiv:1609.03471

 

Estimating a Dynamic Congestion Game: A Study of the U.S. River System with Aaron Barkley

 
 
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Now

What I’m Doing Now

  • My primary work is as a data scientist in the Nike Sport Research Lab

  • Reading the third Dune novel and “Seeing like a State”

  • Exploring/getting settled with the family in Portland

Inspired by The /now page movement via Sean Bonner

 
 

Employment

2019-Present: Principal Data Scientist, Nike Sport Research Lab

2017-2019: Amazon Senior Economist

2010-2017: Assistant Professor of Economics, Carnegie Mellon University, Tepper School of Business