Learning While Searching for the Beat Alternative.

This paper delovers the solution to an optimal search problem with learning where the searcher has distinguishable search opportunities. The optimal sampling strategy is characterized by simple reservation prices that determine which of the search alternatives to sample and when to stop search.

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Year of publication:	1999
Authors:	Adam, K.
Institutions:	Department of Economics, European University Institute
Subject:	LEARNING \| UNCERTAINTY \| RISK

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	42 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005816403