References & Citations
Economics > Theoretical Economics
Title: Can One Hear the Shape of a Decision Problem?
(Submitted on 10 Mar 2024 (v1), last revised 1 Apr 2024 (this version, v2))
Abstract: We explore the connection between an agent's decision problem and her ranking of information structures. We find that a finite amount of ordinal data on the agent's ranking of experiments is enough to identify her (finite) set of undominated actions (up to relabeling and duplication) and the beliefs rendering each such action optimal. An additional smattering of cardinal data, comparing the relative value to the agent of finitely many pairs of experiments, identifies her utility function up to an action-independent payoff.
Submission history
From: Mark Whitmeyer [view email][v1] Sun, 10 Mar 2024 23:54:44 GMT (236kb,D)
[v2] Mon, 1 Apr 2024 15:43:22 GMT (236kb,D)
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