Information aggregation for timing decision making

Esteban Colla De-Robertis
Authors registered in the RePEc Author Service: Esteban Colla-De-Robertis

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper I consider the issue of optimal information aggregation for timing decision making. In each period, a decision maker may choose an action which delivers an uncertain payoff, or wait until the next period, in when new information will arrive. The information is provided by a committee of experts. Each member in each period receives a signal correlated to the state. I obtain an optimal rule for aggregating information for each period.

Keywords: Information; aggregation.; Timing; decision; making.; Experts. (search for similar items in EconPapers)
JEL-codes: D7 D81 (search for similar items in EconPapers)
Date: 2014-11-09, Revised 2014-11-09
New Economics Papers: this item is included in nep-cta and nep-mic
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