Optimal dynamic information acquisition
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 …WebWe consider the problem of optimal dynamic information acquisition from many correlated information sources. Each period, the decision-maker jointly takes an action and allocates a fixed number of observations across the available sources. His payoff depends on the actions taken and on an unknown state. In the canonical setting of jointly normal …
Optimal dynamic information acquisition
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WebOur results simplify the analysis of optimal dynamic information acquisition in an in-formational environment that is commonly used in economics: normal signals. However, …WebApr 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 …
WebThe 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 the …WebAdditionally, we say that a dynamic information acquisition strategy is totally optimal at time tif the DM would follow this strategy given knowledge that period tis nal. The main contribution of our paper is to show that in this problem, the myopic and dynamically optimal solutions are (generically) equivalent after nitely many periods, and
WebInformation is acquired continuously -- where the agent chooses both which sources to sample from, and also how to allocate attention across them -- until an endogenously chosen time, at which point a decision is taken.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 the
Weboptimally acquire information from the sources over time. Using our characterization of the decision-makers’ optimal information acquisition strategy, we derive the sources’ …
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 theray wiley hubbard liveWebApr 11, 2024 · Federal antitrust regulators are seeking a preliminary injunction to stop Intercontinental Exchange’s planned $11.7 billion acquisition of mortgage tech provider Black Knight from closing on ...ray wilkerson bastrop laWebThe key feature of the model is the flexibility of information: the decision-maker can choose any dynamic signal process as an information source, subject to a flow cost that depends … simplythick warningWebJun 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 …ray wiley hubbard at hippie jackWebmultinomiallogitmodel.TheAmericanEconomicReview,105(1),272–298. simply thick webinarWebMay 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 … simply thick vs thick itWeba benchmark with fully flexible information acquisition, the optimal strategy applies to more general settings where information acquisition is not fully flexible, but involves these …simply thick walgreens