Information aggregation for timing decision making.

Colla De-Robertis, Esteban (2014): Information aggregation for timing decision making.

Abstract

In this paper I consider the issue of optimal information aggregation for timing decision making. In each period, a decision maker may choose an action which delivers an uncertain payoff, or wait until the next period, in when new information will arrive. The information is provided by a committee of experts. Each member in each period receives a signal correlated to the state. I obtain an optimal rule for aggregating information for each period.

• Item Type: MPRA Paper
• Language: English
• Keywords: Information aggregation. Timing decision making. Experts.
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

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