Attributes

Diego Klabjan, Wojciech Olszewski*, Asher Wolinsky

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 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 languageEnglish (US)
Pages (from-to)190-206
Number of pages17
JournalGames and Economic Behavior
Volume88
DOIs
StatePublished - Oct 2 2014

Keywords

  • Information acquisition
  • Multi-attribute objects
  • Search

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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