| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1142489 | Operations Research Letters | 2011 | 6 Pages |
Abstract
I investigate an optimal information gathering and consumption/investment choice of an investor who can find a better opportunity by an information gathering option. I obtain a closed form solution, under which, the investor gathers information as soon as his wealth exceeds a certain critical level, consumes less and takes more risk than he would in the absence of such an option.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Gyoocheol Shim,