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| Main Author: | |
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| Format: | Preprint |
| Published: |
2024
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| Subjects: | |
| Online Access: | https://arxiv.org/abs/2401.03607 |
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| _version_ | 1866914284194234368 |
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| author | Davies, Benjamin |
| author_facet | Davies, Benjamin |
| contents | A long-lived Bayesian agent observes costly signals of a time-varying state. He chooses the signals' precisions sequentially, balancing their costs and marginal informativeness. I compare the optimal myopic and forward-looking precisions when the state follows a Brownian motion. I also compare the myopic precisions induced by other Gaussian processes. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2401_03607 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Learning about a changing state Davies, Benjamin Theoretical Economics A long-lived Bayesian agent observes costly signals of a time-varying state. He chooses the signals' precisions sequentially, balancing their costs and marginal informativeness. I compare the optimal myopic and forward-looking precisions when the state follows a Brownian motion. I also compare the myopic precisions induced by other Gaussian processes. |
| title | Learning about a changing state |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2401.03607 |