WebFocusing on the complexity in T, we show that active information acquisition with linear Gaussian models of the target dynamics and observations reduces from a stochastic to a deterministic optimal control problem over the space … WebWe consider the problem of optimal dynamic information acquisition from many correlated information sources. Each period, the decision-maker jointly takes an action and allocates a fixed number of observations across the available sources. His payoff depends on the actions taken and on an unknown state. In the canonical setting of jointly normal …

Optimal Dynamic Information Acquisitioned Stanford …

WebMay 1, 2024 · Section snippets Investment opportunity set and information trading. We assume that there is a riskless bond that pays a constant interest rate r and a risky asset S t, with dynamics given by d S t S t = X t d t + σ S d B S, t, d X t = κ (X ¯ − X t) d t + σ X d B X, t, where X t is the expected return, κ is the mean-reverting speed of X t, X ¯ is the long-term … WebMyopic information acquisition corresponds to (history-independent) acquisition of signals that maximize next-period precision of beliefs. We identify a canonical class of informational environments (normal-linear), in which the optimal dynamic information acquisition rule is myopic from period 1 when agents sample suf- ficiently many signals ...how how to make an origami dog

Optimal and Myopic Information Acquisition - ACM Conferences

http://www.columbia.edu/~wz2269/workingpapers/info_acquisition/Present.pdf WebJan 1, 2024 · In the canonical setting of jointly normal information sources, we show that the optimal dynamic information acquisition rule proceeds myopically after finitely many periods. If signals are ...WebOptimal Dynamic Information Acquisition∗. Weijie Zhong†. October, 2024 Abstract. I study a dynamic model in which a decision maker (DM) acquires information about the payoffs of different alternatives prior to making her decision. The key feature of the model is the flexibility of information: the DM can choose any dynamic signal process how how to make a paper sword