Information aggregation for timing decision making.

In this paper I consider the issue of optimal information aggregation for timing decision making. In each period, a decision maker may choose an action which delivers an uncertain payoff, or wait until the next period, in when new information will arrive. The information is provided by a committee of experts. Each member in each period receives a signal correlated to the state. I obtain an optimal rule for aggregating information for each period.

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Year of publication:	2014-11-09
Authors:	Colla De-Robertis, Esteban
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Keywords:	Information aggregation. Timing decision making. Experts

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D7 - Analysis of Collective Decision-Making ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011110181