Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071736 | Games and Economic Behavior | 2014 | 17 Pages |
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