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

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Colla De-Robertis, Esteban (2014): Information aggregation for timing decision making.
Classification:	D7 - Analysis of Collective Decision-Making ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	BASE

Persistent link: https://www.econbiz.de/10015244967