Optimal dynamic information acquisition

WebJan 1, 2024 · The model's key feature is the flexibility of information: the DM can choose any dynamic signal process as an information source, subject to a flow cost that depends on …WebFocusing on the complexity in T, we show that active information acquisition with linear Gaussian models of the target dynamics and observations reduces from a stochastic to a deterministic optimal control problem over the space …

The Censored Newsvendor and the Optimal Acquisition of Information …

Webmultinomiallogitmodel.TheAmericanEconomicReview,105(1),272–298. WebApr 12, 2024 · In this study, we aimed to provide an accurate method for the detection of oil and moisture content in soybeans. Introducing two-dimensional low-field nuclear magnetic resonance (LF-2D-NMR) qualitatively solved the problem of overlapping component signals that one-dimensional (1D) LF-NMR techniques cannot distinguish in soybean detection … great clips martinsburg west virginia https://bethesdaautoservices.com

Dynamically Aggregating Diverse Information

WebApr 11, 2024 · In the data acquisition, the distance (u) between the object and the first scattering medium, as well as the distance ((v) between the second scattering medium and the camera, is fixed at 150 mm.Meanwhile, the distance (d) between the first and second medium is adjustable.There are 11 000 handwritten digits from MNIST [38] that act as …WebMay 1, 2024 · Section snippets Investment opportunity set and information trading. We assume that there is a riskless bond that pays a constant interest rate r and a risky asset S t, with dynamics given by d S t S t = X t d t + σ S d B S, t, d X t = κ (X ¯ − X t) d t + σ X d B X, t, where X t is the expected return, κ is the mean-reverting speed of X t, X ¯ is the long-term … Web

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Optimal Myopic Information Acquisition - Harvard University

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Optimal dynamic information acquisition

Optimal Dynamic Information Acquisition The …

WebSecond, I solve a dynamic information acquisition problem with those assumptions imposed on the flow information measure. I show that solving the dynamic problem can be divided into two steps. The first step is to solve a static rational inattention problem for an optimal static information structure. The second step is to solve for theWeb(b) dynamically optimal: in each period, the DM chooses the signal that maximizes his overall expected payo , taking into account the randomness of the decision period and of …

Optimal dynamic information acquisition

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WebJun 1, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many …WebOct 2, 2024 · Optimal Dynamic Information Acquisition. Weijie Zhong. Econometrica, 2024, vol. 90, issue 4, 1537-1582 Abstract: I study a dynamic model in which a decision‐maker (DM) acquires information about the payoffs of different alternatives prior to making a decision. The model's key feature is the flexibility of information: the DM can choose any ...

<imagetitle></imagetitle></p>WebThe model’s key feature is the flexibility of information: the DM can choose any dynamic signal process as an information source, subject to a flow cost that depends on the …

Weba benchmark with fully flexible information acquisition, the optimal strategy applies to more general settings where information acquisition is not fully flexible, but involves these …WebSep 24, 2024 · Optimal Dynamic Information Acquisition Optimal Dynamic Information Acquisition Location. 28 Hillhouse Ave, Room 106 Guest Speakers. Weijie Zhong, …

WebMar 18, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many periods. If signals are acquired in large blocks each period, then the optimal rule turns out to be myopic from period 1.

WebJan 1, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many periods. If signals are ...great clips medford oregon online check inWebAdditionally, we say that a dynamic information acquisition strategy is totally optimal at time tif the DM would follow this strategy given knowledge that period tis nal. The main contribution of our paper is to show that in this problem, the myopic and dynamically optimal solutions are (generically) equivalent after nitely many periods, and great clips marshalls creekWebApr 5, 2024 · Zhong, W.: Optimal dynamic information acquisition. Working paper, October 2024 version (2024) Download references Acknowledgements We are thankful to Larry Epstein, Drew Fudenberg and Tomasz Strzalecki for their continuous encouragement and support in this project. We also thank Jerry Green and Kevin He for insightful comments …great clips medford online check inhttp://erl.ucsd.edu/pages/active-information-acquisition.html great clips medford njWebThe model's key feature is the flexibility of information: the DM can choose any dynamic signal process as an information source, subject to a flow cost that depends on the …great clips medina ohWebJun 11, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many …great clips md locationsWebThe key feature of the model is the flexibility of information: the decision-maker can choose any dynamic signal process as an information source, subject to a flow cost that depends … great clips marion nc check in