WebIn this dissertation, I formalize these questions and provide theoretical answers. Chapter 1 considers the problem of optimal dynamic information acquisition from many correlated information sources. Conditions are given such that … Webjointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after nitely many periods. If signals are acquired in large blocks each period, then the optimal rule turns out to be myopic from period 1. These results demonstrate the possibility of robust and \simple" optimal information

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WebApr 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 …http://erl.ucsd.edu/pages/active-information-acquisition.html flipper wallpaper

Dynamically Aggregating Diverse Information

Webper, information acquisition decisions are driven by learning concerns exclusively, and the exploration-exploitation trade-o↵central to bandit models does not appear.3 We primarily build on a large literature about optimal dynamic information acquisition. In contrast to an earlier focus in the literature on the choice of signal precisions ... Web(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 …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 …flipper was set in which us state