Article ID Journal Published Year Pages File Type
5071736 Games and Economic Behavior 2014 17 Pages PDF
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.

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