Mattsson, Lars-Göran; Voorneveld, Mark; Weibull, Jörgen W. - Economics Institute for Research (SIR), … - 2004
observes more or less precise signals that are positively correlated with these utilities. In addition, the decision-maker may … study or the hiring of expertise. We here develop a model of such decision problems. We begin by showing that a version of … decision rule to always choose the alternative with the highest signal. Secondly, we show that it is not always advantageous to …