Now showing items 1-3 of 3
Inertial Behavior and Generalized Partition
(Economic Research Initiatives at Duke (ERID), 2016-05-01)
We call behavior inertial if it does not react to the apparent arrival of relevant information. In a context where the precise information content of signals is subjective, we formulate an axiom that captures inertial behavior, ...
Subjective Dynamic Information Constraints
(Economic Research Initiatives at Duke (ERID), 2016-04-03)
We axiomatize a new class of recursive dynamic models that capture subjective constraints on the amount of information a decision maker can obtain, pay attention to, or absorb, via a Markov Decision Process for Information ...
Supplement to 'Subjective Dynamic Information Constraints'
(Economic Research Initiatives at Duke (ERID), 2016-04-01)
Supplement to "Subjective Dynamic Information Constraints" (http://ssrn.com/abstract=2774300). All references to definitions and results in this Supplement refer to Dillenberger, Krishna, and Sadowski (2016, henceforth DKS) ...