Showing 1 - 10 of 71
Persistent link: https://www.econbiz.de/10003467371
Persistent link: https://www.econbiz.de/10003565970
Persistent link: https://www.econbiz.de/10003736922
We suggest a model of categorization based on prototypes. A set of entities, identified with some finite dimensional Euclidian space, is partitioned into a finite number of categories. Such a categorization is said to be generated by extended prototypes if there is a set of distinguished...
Persistent link: https://www.econbiz.de/10012771601
Persistent link: https://www.econbiz.de/10003854012
Persistent link: https://www.econbiz.de/10003909183
We study the design of contracts that incentivize experts to collect information and truthfully report it to a decision maker. We depart from most of the previous literature by assuming that the transfers cannot depend on the realized state or on the ex post payoff of the decision maker. The...
Persistent link: https://www.econbiz.de/10012806483
Persistent link: https://www.econbiz.de/10012009724
The rational inattention literature is split between two versions of the model: in one, mutual information of states and signals are bounded by a hard constraint, while, in the other, it appears as an additive term in the decision maker's utility function. The resulting constrained and...
Persistent link: https://www.econbiz.de/10012432524
Persistent link: https://www.econbiz.de/10009687465