Optimal Learning under Robustness and Time Consistency


A decision-maker chooses between actions whose payoffs depend on both exogenous randomness and on an unknown parameter θ. She can postpone the action choice, at a per-unit-time cost, so as to learn about θ by observing the... [ view full abstract ]


  1. Larry Epstein (Boston University,)
  2. Shaolin Ji (Shandong University)

Topic Areas

Optimal Stopping , Robustness , Utility Theory


TH-A-SY » Time Consistency and Inconsistency (11:30 - Thursday, 19th July, Synge)

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