Article ID Journal Published Year Pages File Type
5058180 Economics Letters 2016 4 Pages PDF
Abstract

•A consumer can learn about her valuations for fewer goods than can be consumed.•The consumer should learn either about her worst and/or best choices.•More information about the worst choices is optimal when more goods can be consumed.

This paper studies how to best inform a consumer about her valuations for multiple goods when the consumer can learn about fewer goods than she can consume. The consumer should learn about the worst and/or best consumption choices. If the number of different goods that the consumer can consume increases, the consumer should learn about a greater number of goods to avoid and fewer goods to select.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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