Now showing items 1-3 of 3
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) ...
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, ...