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Optimal dynamic information acquisition

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 https://ods-sports.com

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

Optimal and Myopic Information Acquisition - arXiv

Category:Job Market Paper Xiaosheng Mu - Harvard University

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Optimal dynamic information acquisition

Dynamic portfolio choice and information trading with

WebSecond, I solve a dynamic information acquisition problem with those assumptions imposed on the flow information measure. I show that solving the dynamic problem can be divided into two steps. The first step is to solve a static rational inattention problem for an optimal static information structure. The second step is to solve for theWebApr 11, 2024 · In the data acquisition, the distance (u) between the object and the first scattering medium, as well as the distance ((v) between the second scattering medium and the camera, is fixed at 150 mm.Meanwhile, the distance (d) between the first and second medium is adjustable.There are 11 000 handwritten digits from MNIST [38] that act as …

Optimal dynamic information acquisition

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WebSep 24, 2024 · Optimal Dynamic Information Acquisition Optimal Dynamic Information Acquisition Location. 28 Hillhouse Ave, Room 106 Guest Speakers. Weijie Zhong, … WebMar 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.

Web <p>This paper investigates the effect of demand censoring on the optimal policy in newsvendor inventory models with general parametric demand distributions and unknown parameter values. We show that the newsvendor problem with observable lost sales ...WebJan 1, 2024 · The model's key feature is the flexibility of information: the DM can choose any dynamic signal process as an information source, subject to a flow cost that depends on …

Webjointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after nitely many periods. If signals are acquired in large blocks each period, then the optimal rule turns out to be myopic from period 1. These results demonstrate the possibility of robust and \simple" optimal information WebOct 2, 2024 · The model's key feature is the flexibility of information: the DM can choose any dynamic signal process as an information source, subject to a flow cost that depends on …

WebMar 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 …huawei 2021 christmas offersWebJun 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 …hof messing reesWebOur results simplify the analysis of optimal dynamic information acquisition in an in-formational environment that is commonly used in economics: normal signals. However, …hof mertin