Comparisons of Sequential Experiments for Additively Separable Problems

• Tác giả: Mark Whitmeyer, Cole Williams
• Ngôn ngữ: eng
• Ký hiệu phân loại: 512.5 Linear algebra
• Thông tin xuất bản: 2024
• Bộ sưu tập: Metadata
• ID: 202735

Tóm tắt

 For three natural classes of dynamic decision problems
  1. additively separable problems, 2. discounted problems, and 3. discounted problems for a fixed discount factor
  we provide necessary and sufficient conditions for one sequential experiment to dominate another in the sense that the dominant experiment is preferred to the other for any decision problem in the specified class. We use these results to study the timing of information arrival in additively separable problems.