Attributes

Diego Klabjan; Wojciech Olszewski; Asher Wolinsky

doi:10.1016/j.geb.2014.09.003

Attributes

Diego Klabjan, Wojciech Olszewski^*, Asher Wolinsky

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some special cases and discuss the computability of the solution in more general cases.

Original language	English (US)
Pages (from-to)	190-206
Number of pages	17
Journal	Games and Economic Behavior
Volume	88
DOIs	https://doi.org/10.1016/j.geb.2014.09.003
State	Published - Oct 2 2014

Keywords

Information acquisition
Multi-attribute objects
Search

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.geb.2014.09.003

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abstract = "A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some special cases and discuss the computability of the solution in more general cases.",

keywords = "Information acquisition, Multi-attribute objects, Search",

author = "Diego Klabjan and Wojciech Olszewski and Asher Wolinsky",

note = "Funding Information: We would like to thank Hector Chade and Rakesh Vohra for helpful comments and suggestions. Support from NSF grant SES-1123595 is gratefully acknowledged. Publisher Copyright: {\textcopyright} 2014 .",

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AU - Klabjan, Diego

AU - Olszewski, Wojciech

AU - Wolinsky, Asher

N1 - Funding Information: We would like to thank Hector Chade and Rakesh Vohra for helpful comments and suggestions. Support from NSF grant SES-1123595 is gratefully acknowledged. Publisher Copyright: © 2014 .

PY - 2014/10/2

Y1 - 2014/10/2

N2 - A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some special cases and discuss the computability of the solution in more general cases.

AB - A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some special cases and discuss the computability of the solution in more general cases.

KW - Information acquisition

KW - Multi-attribute objects

KW - Search

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DO - 10.1016/j.geb.2014.09.003

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SN - 0899-8256

VL - 88

SP - 190

EP - 206

JO - Games and Economic Behavior

JF - Games and Economic Behavior

ER -

Attributes

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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