Optimal dynamic information acquisition
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 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 ...
Optimal dynamic information acquisition
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WebA linear-quadratic Gaussian approach to dynamic information acquisition. European Journal of Operational Research, Vol. 270, No. 1 ... An optimal information acquisition model for competitive advantage in complex multiperspective environments ... Kevin F. McCardle, (1985) Information Acquisition and the Adoption of New Technology. Management ... 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 …
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 …WebMyopic information acquisition corresponds to (history-independent) acquisition of signals that maximize next-period precision of beliefs. We identify a canonical class of informational environments (normal-linear), in which the optimal dynamic information acquisition rule is myopic from period 1 when agents sample suf- ficiently many signals ...
http://www.columbia.edu/~wz2269/workingpapers/info_acquisition/Present.pdf
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
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 … the quarter restaurant liverpoolWebApr 13, 2024 · Optimal control theory describes control strategies to steer a system towards an optimal outcome specified in a cost function [48, 49]. In an optimal control problem, state variables x ( t ) depending on time t , model a dynamical system and appropriate control function u ( t ) is obtained by optimizing an objective function J ( u ) subject to ... sign in instructionsWebJan 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 periods. If signals are ... sign in into teamsWebApr 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 …sign in invoice2goWebSep 24, 2024 · Optimal Dynamic Information Acquisition Optimal Dynamic Information Acquisition Location. 28 Hillhouse Ave, Room 106 Guest Speakers. Weijie Zhong, … sign in intuit accountWeba benchmark with fully flexible information acquisition, the optimal strategy applies to more general settings where information acquisition is not fully flexible, but involves these …sign in investorlineWebOct 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 ...sign in into onedrive