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Decision-making processes usually involve time-consuming and costly operations of observation and communication of the state of the environment and generation and implementation of appropriate actions. Collectively these activities may be called computational and the procedure required to carry...
Persistent link: https://www.econbiz.de/10009214734
A source repeatedly communicates a message through a channel so as to persuade a decision-maker to take a favorable action. The decision-maker observes the environment, the message and his cumulative learning experience and stochastically goes through a sequence of information processing states...
Persistent link: https://www.econbiz.de/10009197480