Optimal dynamic information acquisition

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August undefined, 2024

WebOct 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 ...WebJun 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 …

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Weboptimally acquire information from the sources over time. Using our characterization of the decision-makers’ optimal information acquisition strategy, we derive the sources’ …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 … how many chromosomes meiosis

The Censored Newsvendor and the Optimal Acquisition of Information …

http://www.columbia.edu/~wz2269/workingpapers/info_acquisition/Present.pdf WebJul 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 … WebFocusing on the complexity in T, we show that active information acquisition with linear Gaussian models of the target dynamics and observations reduces from a stochastic to a deterministic optimal control problem over the space … how many chromosomes will the cell have at g1

Optimal Dynamic Information Acquisition - Columbia …

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WebWith observability, however, there exists an equilibrium in which optimal acquisition follows a pure strategy and generally exhibits delay. Our results suggest that many strategic trading equilibria considered in the literature are di cult to reconcile with dynamic information acquisition. JEL: D82, D84, G12, G14WebApr 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 …high school musical 1 stream complet

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"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 …" - Optimal dynamic information acquisition

Optimal dynamic information acquisition

Quality of Information, Survival, and Incentives - ResearchGate

WebJan 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 ... 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 ...

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WebOptimal Dynamic Information Acquisition∗. Weijie Zhong†. October, 2024 Abstract. I study a dynamic model in which a decision maker (DM) acquires information about the payoffs of different alternatives prior to making her decision. The key feature of the model is the ﬂexibility of information: the DM can choose any dynamic signal process 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 …http://www.columbia.edu/~wz2269/workingpapers/info_acquisition/Dynamic_info_acquisition_main.pdf

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 …

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.

Weba benchmark with fully ﬂexible information acquisition, the optimal strategy applies to more general settings where information acquisition is not fully ﬂexible, but involves these salient aspects. The main intuition behind the optimal strategy is a novel precision …high school musical 1 streaming completWebmultinomiallogitmodel.TheAmericanEconomicReview,105(1),272–298. how many chromosomes is normalWebApr 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 ... how many chromosomes pair are thereWebNov 21, 2024 · Since the sampling frequency of the dynamic acquisition instrument is set to 2 MHz, the strain value corresponding to each time can be seen in the raw data text. ... Chaomin Mu, Jie Li, Tianhan Xu, and Wei Liu. 2024. "Analysis of Optimal Loading Angle in Dynamic Flattened Brazilian Disc Splitting Test for Concrete" Applied Sciences 12, no. 22: ... how many chromosomes produced in mitosisWebApr 12, 2024 · In this study, we aimed to provide an accurate method for the detection of oil and moisture content in soybeans. Introducing two-dimensional low-field nuclear magnetic resonance (LF-2D-NMR) qualitatively solved the problem of overlapping component signals that one-dimensional (1D) LF-NMR techniques cannot distinguish in soybean detection … how many chronicle mysteries are thereWebThe 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 ... high school musical 1 streamWebJul 28, 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 … how many chrysanthemums per letter