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TZOFFSETFROM:-0500
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DTSTART:20070311T020000
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BEGIN:VEVENT
DTSTAMP:20260811T181522
DTSTART;TZID=America/Detroit:20260901T183000
DTEND;TZID=America/Detroit:20260803T190000
SUMMARY:Sporting Event:Volleyball vs South Carolina
DESCRIPTION:Volleyball vs South Carolina
UID:149797-21907195@events.umich.edu
URL:https://events.umich.edu/event/149797
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Athletics,Athletics - Volleyball
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T153730
DTSTART;TZID=America/Detroit:20260901T190000
DTEND;TZID=America/Detroit:20260901T203000
SUMMARY:Social / Informal Gathering:Game Nights at The Connector
DESCRIPTION:Do you like board games? Card games? Do you like free popcorn? We welcome all types of players here! Every Tuesday\, the Connector Community Assistants are hosting a game night where we eat delicious popcorn and have a chill (or competitive\, if that’s your energy!) night of joy and connection with one another! Bring your friends and hang! \n\nThe Connector is located in West Quad.
UID:150142-21908190@events.umich.edu
URL:https://events.umich.edu/event/150142
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Community Building,Community Engagement,Community Gathering,Free,Housing
LOCATION:The Connector
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260803T121533
DTSTART;TZID=America/Detroit:20260901T190000
DTEND;TZID=America/Detroit:20260529T010000
SUMMARY:Sporting Event:Volleyball vs South Carolina
DESCRIPTION:Volleyball vs South Carolina
UID:148461-21904334@events.umich.edu
URL:https://events.umich.edu/event/148461
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Athletics,Athletics - Volleyball
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260807T181508
DTSTART;TZID=America/Detroit:20260902T070000
DTEND;TZID=America/Detroit:20260902T220000
SUMMARY:Exhibition:2026 Second Year Studio Exhibition
DESCRIPTION:\n\nAugust 24 - October 18\, 2026\nExhibition Reception: October 1\, 1-2:30 p.m.\n\nIn their second year\, Stamps students complete a major milestone: Second Year Studio (SYS). It’s a course where\, per the syllabus\, students \"develop the capacity to work independently by identifying\, exploring\, and pursuing a single independent project that involves multiple iterations.\" Each student takes their own path\, encountering questions that can shape the direction of their creative practice. At the end of the semester\, students formally report on their experience in a presentation called the Sophomore Review and receive direct feedback from a panel of Stamps faculty members. \n\nInstalled throughout the Art & Architecture Building\, the Second Year Studio Exhibition showcases the art and design work created in this pivotal course by our rising third-year and transfer students\, and invites first-year students and other newcomers to explore both the building and the creative possibilities ahead. The show features 50 students who have volunteered to participate\, yet it honors every Stamps major who reaches the SYS milestone. \n\nThe works in this year’s exhibition engage a wide range of questions and concerns. Students investigate memory\, identity\, materiality\, ecology\, technology\, labor\, social relationships\, and the built environment through equally diverse formal approaches. While these subjects recur across the exhibition\, what stands out most is not a dominant thematic direction\, but a shared commitment to sustained inquiry.\n\n–Sally Clegg\, Lecturer & Student Exhibitions Coordinator & Pedram Baldari\, Assistant Professor\n\nExhibiting Artists and Designers\n<ul class=\"twocol\">\n\nNailah Aguilar\n\nAkylah Archer\n\nZachary Berenbaum\n\nSamantha Blaine\n\nLauren Boyce\n\nKas Brajkovic\n\nAnna Browne\n\nLilah Chow\n\nIsabella Cortes\n\nMagdalena Dimovski\n\nLeah Elliott\n\nAya Fadlelzebair\n\nM. Faurote\n\nClaire Fuller\n\nNoelle Gall\n\nLacy Galligan\n\nAbigail Garcia\n\nElise Goldberg\n\nAva Grace\n\nElla Graeb\n\nDeja Green\n\nGrace Hardy\n\nKore Hernández\n\nMikayla Holcomb\n\nReese Johnson\n\nOonagh Kossman\n\nKade Kuba\n\nAvelina Kusiak\n\nOliver Levans\n\nAlef Liu\n\nFiona Maier\n\nCaitlyn McConville\n\nTyler Meerschaert\n\nEve Mellis\n\nErica Meunier\n\nAlexis Minor\n\nCatherine Mitzel\n\nCharlotte Mullin\n\nAnupama Narayan\n\nMia Noel\n\nAva Paananen\n\nDominique Robinson\n\nSophie Scott\n\nVictoria Selektor\n\nSamridhi Sharma\n\nJanet Shasha\n\nSadie Smith\n\nGabriella Spagnuolo\n\nAva Sproull\n\nJesse Strohauer\n\nDavid Wang\n\nZimu Wang\n\nLily Whitcomb\n\nLexi Wu\n\nMelaniya Zazovskaya\n\n
UID:150015-21907822@events.umich.edu
URL:https://events.umich.edu/event/150015
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Art
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260807T081915
DTSTART;TZID=America/Detroit:20260902T080000
DTEND;TZID=America/Detroit:20260902T170000
SUMMARY:Exhibition:CCPS Photo Exhibition. This is the Place
DESCRIPTION:There are nearly one million refugees currently living in Poland. While the vast majority arrived from Ukraine\, Poland has also welcomed forcibly displaced people from Central Asia\, Latin America\, Africa\, and the Middle East. While refugees may be different\, they all search for a place that reminds them of home.\nIn *This Is The Place*\, a project supported by the UN Refugee Agency (UNHCR)\, Anna Liminowicz asked refugees to show what\, in Poland\, reminds them of their home. These portraits and the personalized confessions her subjects handwrote in their native languages tell poignant stories about safety and hope.\nAnna Liminowicz is an award-winning photographer and reportage journalist based in Warsaw\, Poland. A frequent contributor to the *The New York Times*\, *The Guardian*\, *The Wall Street Journal*\, *The Washington Post*\, *El Pais*\, *Der Spiegel* and UNHCR\, Liminowicz divides her time  between assignments and long-term personal projects\, mainly focusing on social issues like identity and loss\, and what uplifts her subjects. She has covered the war in Ukraine and Ukrainian refugees in Poland since the start of Russia's full-scale invasion\, and received the 2022 Grand Press Photo Award for her project “Too Precious to Leave Behind”.\n\nIf there is anything we can do to make this event accessible to you\, please contact us. Please be aware that advance notice is necessary as some accommodations may require more time for the university to arrange.
UID:149978-21907699@events.umich.edu
URL:https://events.umich.edu/event/149978
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:russia,Ukraine
LOCATION:Weiser Hall - Room 547
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260806T162236
DTSTART;TZID=America/Detroit:20260902T080000
DTEND;TZID=America/Detroit:20260902T170000
SUMMARY:Exhibition:WCEE Exhibition. The Art of Memory\, Paintings by Felix Lembersky
DESCRIPTION:Felix Lembersky (1913-1970) was a painter\, theater stage designer\, teacher\, and leader of artistic groups. He began his career within the Soviet Avant-Garde in Ukraine before studying realist painting in Leningrad (now Saint Petersburg). Throughout his life he worked across realist and modernist styles that fell outside of Soviet-mandated Socialist Realism. His Execution: Babyn Yar series (ca. 1944-52) is the earliest known artistic representation of Babyn Yar\, a Holocaust massacre site in Kyiv. For political reasons\, these paintings\, along with his later nonconformist work\, were barred from exhibition in the Soviet Union.\n\nHaving witnessed two world wars\, the 1917 revolution\, and political terror\, Lembersky reflected on these experiences with candor while imbuing his work with hope and optimism. He was drawn to vulnerable\, neglected\, and marginalized people: children\, the elderly\, ethnic minorities\, and industrial workers subjected to harsh labor and dangerous conditions. Regardless of their circumstances\, Lembersky  portrayed his subjects with empathy\, dignity\, and admiration.  \n\n“For my father\, honesty and integrity meant more than anything else. Art was an expression of freedom\, individuality\, and personalized creativity\, without which it ceased to be art.”\n— Galina Lembersky\, daughter\n\nExhibit curated by Yelena Lembersky\, granddaughter of Felix Lembersky\, and Geneviève Zubrzycki\, WCEE Director.\n\nWorks on loan from the private collection of Yelena Lembersky.\n\nContact weisercenter@umich.edu to schedule a viewing.\n\nIf there is anything we can do to make this event accessible to you\, please contact us at weisercenter@umich.edu. Please be aware that advance notice is necessary as some accommodations may require more time for the university to arrange.
UID:149975-21907463@events.umich.edu
URL:https://events.umich.edu/event/149975
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Art,russia,ukraine
LOCATION:Weiser Hall - Room 1010
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260508T155502
DTSTART;TZID=America/Detroit:20260902T090000
DTEND;TZID=America/Detroit:20260902T200000
SUMMARY:Exhibition:The People’s Bicentennial
DESCRIPTION:This selection of original artifacts documents the work of the Peoples Bicentennial Commission (PBC)\, which challenged the official\, corporate-sponsored commemoration of the 1976 bicentennial. This year we celebrate the 250th anniversary of the signing of the Declaration of Independence.\n\nItems on display are from the Joseph A. Labadie Collection\, which documents social protest movements and radical history.\n\nHOURS\nSunday 2-8pm\nMonday-Thursday 9am-8pm\nFriday 9am-4pm\nSaturday 11am-5pm
UID:147925-21902528@events.umich.edu
URL:https://events.umich.edu/event/147925
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Free,History,Library
LOCATION:Hatcher Graduate Library - Hatcher Gallery Exhibit Room (1st floor)
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260612T121750
DTSTART;TZID=America/Detroit:20260902T100000
DTEND;TZID=America/Detroit:20260902T120000
SUMMARY:Reception / Open House:\"Other Worldly\": OLLI Fall Kickoff
DESCRIPTION:Join OLLI for an \"Other Worldly\" experience!  \n\nEnjoy a presentation by Austin Edmister\, Frankel Detroit Observatory's assistant director for astronomy.  \n\nFollowing the presentation\, there will be an information fair and light refreshments.\n\nFree and Open to the Public!\n\nFree parking. Doors open at 9:30am.\n\nPreregistration is encouraged.
UID:148922-21905217@events.umich.edu
URL:https://events.umich.edu/event/148922
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:aging,Astronomy,Brunch,Culture,Free,Geriatrics,In Person,Interdisciplinary,Lifelong Learning,Reception,Retirement,Social,Volunteer
LOCATION:Off Campus Location - Atrium and Towsley Auditorium
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T153533
DTSTART;TZID=America/Detroit:20260902T100000
DTEND;TZID=America/Detroit:20260902T100000
SUMMARY:Recreational / Games:Goosechase: Welcome to Michigan
DESCRIPTION:Flock In! Join the Welcome to Michigan Goosechase to explore campus\, meet new people\, and solve missions. Compete with fellow classmates for a top spot on the leaderboard for a chance to win gift cards & other goose goodies. The earlier you start\, the sooner you can earn points! The Welcome to Michigan Goosechase runs from August 24th-September 14th\, but new Goosechase competitions will continue throughout the year. Flock in now to get started! Click this link here to join\, https://join.goosechase.com/53332432-9fc7-4ccd-9a36-d16c7b7502c9\n\nCCI Goosechase Page: https://campusinvolvement.umich.edu/article/goosechase-welcome-michigan
UID:149864-21907279@events.umich.edu
URL:https://events.umich.edu/event/149864
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Anchor2026,Cci,Welcome2026
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T182102
DTSTART;TZID=America/Detroit:20260902T104500
DTEND;TZID=America/Detroit:20260902T120000
SUMMARY:Workshop / Seminar:Michigan Recreation
DESCRIPTION:
UID:150134-21908178@events.umich.edu
URL:https://events.umich.edu/event/150134
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Sessions
LOCATION:Intramural Building
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T123214
DTSTART;TZID=America/Detroit:20260902T110000
DTEND;TZID=America/Detroit:20260902T120000
SUMMARY:Careers / Jobs:Internship Lab
DESCRIPTION:*RSVP required to attend. Click \"Join Event\" here:https://umich.joinhandshake.com/edu/events/1988553Are you ready to start searching for a great internship? Do you have a few ideas\, but you’re not sure where to get started? Let's talk about search strategy!! Get real-time\, personalized support by checking out Internship Lab. You’ll be guided by one of our Career Coaches who has designed thisexperience to provide you strategies\, tools\, and motivation to get on the right track with searching for internships. Chat with folks from the University Career Center to explore Handshake\, the University Career Alumni Network (UCAN) and to learn about other tools you can use to build a great job/internship search strategy. **If you're not sure what you're interested in\, consider making an \"Career Exploration and Planning\" appointment to get started clarifying your interests with a career coach in a 1-on-1 setting. Recent Grads: If you are an alumni\, you will not be able to access the link due the University’s policy of discontinuing alumni Zoom accounts 30 days after graduation. Please contact careercenter@umich.edu with the subject line “Recent Grad Help” to be set up with a 1:1. Include the name of the workshop/event in your email.We want to ensure full and equitable participation in our events. If an accessibility accommodation would promote your full participation in this event\, please indicate your accommodation requirements via the link below\, preferably at least 14 days prior to the program to ensure sufficient time for arranging your requested accommodation(s) or exploring suitable alternatives. If you have any questions regarding access to our programs\, please don't hesitate to reach out to Jocelyn Gaydos at jmgaydos@umich.edu. Accessibility accommodation form: https://forms.gle/FmFn35ZLxJ8kvPfSA  #UCC
UID:150028-21907881@events.umich.edu
URL:https://events.umich.edu/event/150028
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:
LOCATION:
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T182102
DTSTART;TZID=America/Detroit:20260902T120000
DTEND;TZID=America/Detroit:20260902T130000
SUMMARY:Workshop / Seminar:AI Show and Tell
DESCRIPTION:
UID:142293-21890424@events.umich.edu
URL:https://events.umich.edu/event/142293
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Sessions
LOCATION:
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260728T101245
DTSTART;TZID=America/Detroit:20260902T120000
DTEND;TZID=America/Detroit:20260902T130000
SUMMARY:Careers / Jobs:Engineering Resume Writing That Works!
DESCRIPTION:Transform your resume to get you noticed! Learn how to craft a professional\, polished\, and Applicant Tracking System (ATS) compatible resume that highlights your skills\, knowledge\, and experience. We will break down formatting tips\, what content to include (and what to leave out)\, and how to tailor your resume for engineering roles.\n\nPro Tip! Your resume is the ticket to an interview - Don't let it be the reason you are overlooked!\n\nThis is a College of Engineering event. Registration in Career Forge is encouraged.
UID:149602-21906749@events.umich.edu
URL:https://events.umich.edu/event/149602
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Career,Engineering,Graduate,Graduate Students,Michigan Engineering,Transfer Students,Undergraduate,Undergraduate Students,Workshop
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T183121
DTSTART;TZID=America/Detroit:20260902T120000
DTEND;TZID=America/Detroit:20260902T150000
SUMMARY:Careers / Jobs:Pitch Perfect: How to Effectively Network & Build a Strong Pitch (Graduate Students)
DESCRIPTION:Pitch Perfect: How to Effectively Network and Build a Strong Pitch (for Graduate Students)Are you interested in learning how to effectively connect with colleagues and prospective employers? Do you want to learn how to discuss your research to those outside of your field? If so\, this integrative workshop will help you to develop a strong pitch that can be used in networking opportunities. Come and a) learn about the process of networking\, b) develop and practice your pitch\, c) reflecton when (and when not) to bring your research up in your pitch\, and d) understand University Career Center networking and career development resources. Brought to you by the University Career Center\, in partnership withRackham Graduate School. Register on Sessions: https://sessions.studentlife.umich.edu/track/event/session/110413 #UCC
UID:149033-21905340@events.umich.edu
URL:https://events.umich.edu/event/149033
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:
LOCATION:
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260715T154504
DTSTART;TZID=America/Detroit:20260902T120000
DTEND;TZID=America/Detroit:20260902T130000
SUMMARY:Workshop / Seminar:Research Leadership in a Global Context Certificate Program Information Session
DESCRIPTION:Rackham Graduate School is excited to announce a new opportunity to gain practical skills for engaging across differences within our research and professional communities\, including real-world examples from U-M alumni.\n\nThe Research Leadership in a Global Context certificate program is an eight-week professional development program that prepares graduate students and postdoctoral scholars to lead research with clarity\, confidence\, and cultural awareness. Designed for scholars working in increasingly global\, interdisciplinary\, and collaborative environments\, the program integrates leadership development\, intercultural understanding\, project management\, and ethical research practices.\n\nParticipants build concrete skills for leading teams\, navigating complex research settings\, and preparing for diverse career paths within and beyond academia. By pairing weekly workshops with peer feedback groups and individualized feedback through the Cultural Intelligence (CQ) framework and the Michigan Model of Leadership (MMoL)\, the certificate creates a supportive environment for reflection\, growth\, and practical skill-building.\n\nLearning Objectives:\n\nLeadership: Cultivate the ability to lead research with effective communication and strategic decision-making.\n\nCareer Management: Develop personalized career strategies as graduate scholars to prepare for professional paths both within and beyond academia.\n\nSocial Responsibility: Build knowledge and critical thinking skills to address local\, national\, and global challenges in research and professional environments.\n\nIntercultural Understanding: Enhance cross-cultural collaboration skills by understanding and respecting cultural differences in your scholarship\, including research\, teaching\, and service.\n\nEngaging Across Differences: Foster research environments that recognize and thoughtfully engage multiple viewpoints.\n\nPlease note: You are required to attend an information session to apply for the Research Leadership in a Global Context certificate program.\n\nReach out to rackhamcert@umich.edu with any questions regarding the certificate. Please contact with rackhampdeworkshops@umich.edu with any registration questions.
UID:149410-21906367@events.umich.edu
URL:https://events.umich.edu/event/149410
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Rgs Events,Rgs-events,Sessions
LOCATION:Hybrid - Virtual via Zoom &amp; Rackham East Conference Room, 4th Floor
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260729T130108
DTSTART;TZID=America/Detroit:20260902T121500
DTEND;TZID=America/Detroit:20260902T124500
SUMMARY:Well-being:CEW+ Midweek Mindfulness
DESCRIPTION:RSVP here: https://umich.zoom.us/meeting/register/htrYM6lXQH28gjySTQaKIw\n\nJoin us on Wednesdays from 12:15 – 12:45 pm. Register once to receive a Zoom link to access the sits each week or as your schedule allows.\n\nMindful meditation is a contemplative practice that\, over time\, can build resilience and coping skills to support you to gain perspective\, navigate the demands of daily life\, and build compassion. Weekly guided sits offer a virtual community of practice that explores present-moment awareness\, open and directed attention\, non-judgment\, and self-compassion. CEW+ Midweek Mindfulness welcomes practitioners of all skill levels. Each session offers instruction\, support\, and the opportunity to practice guided and self-directed mindful meditation. Participate weekly\, or drop in as your schedule allows. All are welcome!
UID:109796-21906854@events.umich.edu
URL:https://events.umich.edu/event/109796
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Caregivers,first-generation,Free,Graduate and Professional Students,Health & Wellness,Mindfulness,Nontraditional Students,Self-care,Student Parents,Students With Children,Support,transfer students,Undergraduate,Undergraduate Students,Virtual,Welcome to Michigan,Well-being,Wellness,women,women's health,Work-life Balance,Zoom
LOCATION:Off Campus Location
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260619T111208
DTSTART;TZID=America/Detroit:20260902T140000
DTEND;TZID=America/Detroit:20260902T150000
SUMMARY:Workshop / Seminar:Pitch Perfect: How to Effectively Network and Build a Strong Pitch (for Graduate Students)
DESCRIPTION:Are you interested in learning how to effectively connect with colleagues and prospective employers? Do you want to learn how to discuss your research to those outside of your field? If so\, this integrative workshop will help you to develop a strong pitch that can be used in networking opportunities. Come and a) learn about the process of networking\, b) develop and practice your pitch\, c) reflect on when (and when not) to bring your research up in your pitch\, and d) understand University Career Center networking and career development resources. Brought to you by the University Career Center\, in partnership with Rackham Graduate School.\n
UID:149012-21905319@events.umich.edu
URL:https://events.umich.edu/event/149012
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Rgs Events,Rgs-events,Sessions
LOCATION:Virtual on Zoom
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T182101
DTSTART;TZID=America/Detroit:20260902T150000
DTEND;TZID=America/Detroit:20260902T200000
SUMMARY:Workshop / Seminar:Center for Campus Involvement: Festifall 2026
DESCRIPTION:
UID:149704-21906974@events.umich.edu
URL:https://events.umich.edu/event/149704
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Sessions
LOCATION:
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260811T153419
DTSTART;TZID=America/Detroit:20260902T150000
DTEND;TZID=America/Detroit:20260902T200000
SUMMARY:Fair / Festival:Festifall Central
DESCRIPTION:Festifall is the largest annual student organization and campus involvement fair at the University of Michigan! Over 900 student organizations\, campus departments\, and community vendors will be participating over the two days of the program with the first day taking place on North campus and the second day taking place on Central Campus. Festifall is one of the best ways to explore opportunities\, discover community\, connect with student leaders\, and get involved at U-M!
UID:149873-21907319@events.umich.edu
URL:https://events.umich.edu/event/149873
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Anchor2026,Cci,Clubs,Festifall,Student Organizations,Welcome2026
LOCATION:Diag - Central Campus
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260729T153112
DTSTART;TZID=America/Detroit:20260902T160000
DTEND;TZID=America/Detroit:20260902T170000
SUMMARY:Workshop / Seminar:A New Approach for the Continuous Time Kyle-Back Strategic Insider Equilibrium Problem
DESCRIPTION:In this talk\, we consider a continuous-time Kyle-Back model which is a game between an insider and a market maker. The existing literature typically focuses on constructing equilibria with a PDE approach\, which requires certain Markovian structures. We characterize all equilibria through a coupled system of forward-backward SDEs. In particular\, when the time duration is small\, we show that the FBSDE is well-posed\, and therefore the game has a unique equilibrium. Moreover\, this unique equilibrium may be non-Markovian and thus not attainable via the PDE approach. We next study the set value of the game\, which roughly speaking is the set of insider's values over all equilibria and thus is by nature unique. Finally\, we characterize the set value through a level set of a certain standard HJB equation.\nIn the second part of the talk\, we apply the new approach to the Kyle-Back model with dynamic legal risk and large numbers of noise traders. In this setting\, the insider chooses a strategy that conceals his identity within a large volume of surrounding trades and concentrates on medium-sized trades.  We establish an intensity-based mathematical framework for explaining the interconnections between insider trading and stealth trading. When the number of noise traders becomes large\, the price impact of the insider asymptotically vanishes\, and consequently the stochastic game becomes deterministic optimizations\, which also carry implications for regulatory investigations and sanctions.\n\nThe results above include the joint work with Weixuan Xia and with Jianfeng Zhang.
UID:149579-21906721@events.umich.edu
URL:https://events.umich.edu/event/149579
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Mathematics
LOCATION:East Hall - 1360
CONTACT:
END:VEVENT
END:VCALENDAR