Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10002561590
Persistent link: https://www.econbiz.de/10001111667
Persistent link: https://www.econbiz.de/10003322759
Upon observing a signal, a Bayesian decision maker updates her probability distribution over the state space, chooses an action, and receives a payoff that depends on the state and the action taken. An information structure determines the set of possible signals and the probability of each...
Persistent link: https://www.econbiz.de/10012771602
Persistent link: https://www.econbiz.de/10015185102