Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058180 | Economics Letters | 2016 | 4 Pages |
Abstract
â¢A consumer can learn about her valuations for fewer goods than can be consumed.â¢The consumer should learn either about her worst and/or best choices.â¢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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexander E. Saak,