Improving Information from Manipulable Data

Alex Frankel and Navin Kartik

Journal of the European Economic Association, 2022, vol. 20, issue 1, 79-115

Abstract: Data-based decision making must account for the manipulation of data by agents who are aware of how decisions are being made and want to affect their allocations. We study a framework in which, due to such manipulation, data become less informative when decisions depend more strongly on data. We formalize why and how a decision maker should commit to underutilizing data. Doing so attenuates information loss and thereby improves allocation accuracy.

Date: 2022
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Citations: View citations in EconPapers (7)

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Working Paper: Improving Information from Manipulable Data (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jeurec:v:20:y:2022:i:1:p:79-115.

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