Now showing items 1-2 of 2
Generalized Partition and Subjective Filtration
(Economic Research Initiatives at Duke (ERID), 2012-09-13)
We study an individual who faces a dynamic decision problem in which the process of information arrival is unobserved by the analyst, and hence should be identified from observed choice data. An information structure is ...
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, ...