Weboptimal information acquisition, and simplify the analysis of dynamic information ac-quisition in an environment that is commonly used in economics. JEL codes: C44, D81, … WebRecent work has studied the design of optimal dynamic information policies from the perspect-ive of the decision maker. 2. Yet, in many situations, the power to design how information is ... Optimal dynamic information acquisition by a decision maker has been introduced to the economics literature byWald(1947), where the decision maker decides ...
Optimal Dynamic Information Acquisition - Research Papers in …
WebMay 1, 2024 · Section snippets Investment opportunity set and information trading. We assume that there is a riskless bond that pays a constant interest rate r and a risky asset S t, with dynamics given by d S t S t = X t d t + σ S d B S, t, d X t = κ (X ¯ − X t) d t + σ X d B X, t, where X t is the expected return, κ is the mean-reverting speed of X t, X ¯ is the long-term … 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 …hof mertin dortmund
Optimal Myopic Information Acquisition - Harvard University
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 thehttp://www.columbia.edu/~wz2269/workingpapers/indirect_info_measure/report.pdfWebmultinomiallogitmodel.TheAmericanEconomicReview,105(1),272–298. huawei 2019 phone case