Attributes

Diego Klabjan, Wojciech Olszewski and Asher Wolinsky

Games and Economic Behavior, 2014, vol. 88, issue C, 190-206

Abstract: A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some special cases and discuss the computability of the solution in more general cases.

Keywords: Search; Information acquisition; Multi-attribute objects (search for similar items in EconPapers)
JEL-codes: D81 D83 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:88:y:2014:i:c:p:190-206

DOI: 10.1016/j.geb.2014.09.003

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