Optimal dynamic information acquisition
WebJun 1, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many …WebWith observability, however, there exists an equilibrium in which optimal acquisition follows a pure strategy and generally exhibits delay. Our results suggest that many strategic trading equilibria considered in the literature are di cult to reconcile with dynamic information acquisition. JEL: D82, D84, G12, G14
Optimal dynamic information acquisition
Did you know?
WebWe study dynamic acquisition of information when a decision-maker has access to multiple kinds of information, and limited resources with which to acquire that information. ... the optimal information acquisition strategy holds for all decision problems. The main idea in the proof is the following: Intertemporal trade-offs exist when theWebOur results simplify the analysis of optimal dynamic information acquisition in an in-formational environment that is commonly used in economics: normal signals. However, …
WebOct 2, 2024 · Optimal Dynamic Information Acquisition. Weijie Zhong. Econometrica, 2024, vol. 90, issue 4, 1537-1582 Abstract: I study a dynamic model in which a decision‐maker (DM) acquires information about the payoffs of different alternatives prior to making a decision. The model's key feature is the flexibility of information: the DM can choose any ...http://www.columbia.edu/~wz2269/workingpapers/info_acquisition/Dynamic_info_acquisition_main.pdf
Webmultinomiallogitmodel.TheAmericanEconomicReview,105(1),272–298. WebThe gain margin corresponding to the optimal point is about 4.57 dB. According to the proposed design method, the optimal parameters and the associated dynamic indices are listed in Table 1. To show the advantages of the proposed method, the optimal parameters provided in are comparatively listed in Table 1. It is clear that the proposed method ...
WebApr 5, 2024 · Zhong, W.: Optimal dynamic information acquisition. Working paper, October 2024 version (2024) Download references Acknowledgements We are thankful to Larry Epstein, Drew Fudenberg and Tomasz Strzalecki for their continuous encouragement and support in this project. We also thank Jerry Green and Kevin He for insightful comments …
WebIn this dissertation, I formalize these questions and provide theoretical answers. Chapter 1 considers the problem of optimal dynamic information acquisition from many correlated information sources. Conditions are given such that … how to run tkinter in jupyterWebMar 18, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many periods. If signals are acquired in large blocks each period, then the optimal rule turns out to be myopic from period 1. how to run tlauncher without admin cmdWebJan 31, 2024 · "The Stanford Economics Department has two central missions: to train students at the undergraduate and graduate level in the methods and ideas of modern … how to run tlauncher with graphics cardWebJun 11, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many …how to run to clients of ffxivWebApr 12, 2024 · In this study, we aimed to provide an accurate method for the detection of oil and moisture content in soybeans. Introducing two-dimensional low-field nuclear magnetic resonance (LF-2D-NMR) qualitatively solved the problem of overlapping component signals that one-dimensional (1D) LF-NMR techniques cannot distinguish in soybean detection … how to run tiktok ads for shopifyWebper, information acquisition decisions are driven by learning concerns exclusively, and the exploration-exploitation trade-o↵central to bandit models does not appear.3 We primarily build on a large literature about optimal dynamic information acquisition. In contrast to an earlier focus in the literature on the choice of signal precisions ... northern tool irmo
northern tool ironton grinder