Prolonged Learning and Hasty Stopping: the Wald Problem with Ambiguity
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- Sarah Auster & Yeon-Koo Che & Konrad Mierendorff, 2024. "Prolonged Learning and Hasty Stopping: The Wald Problem with Ambiguity," American Economic Review, American Economic Association, vol. 114(2), pages 426-461, February.
- Sarah Auster & Yeon-Koo Che & Konrad Mierendorff, 2022. "Prolonged Learning and Hasty Stopping: The Wald Problem With Ambiguity," CRC TR 224 Discussion Paper Series crctr224_2022_366, University of Bonn and University of Mannheim, Germany.
- Sarah Auster & Yeon-Koo Che & Konrad Mierendorff, 2022. "Prolonged Learning and Hasty Stopping: the Wald Problem with Ambiguity," Papers 2208.14121, arXiv.org, revised Oct 2023.
References listed on IDEAS
- Subir Bose & Ludovic Renou, 2014.
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- Subir Bose & Ludovic Renou, 2014. "Mechanism Design With Ambiguous Communication Devices," Econometrica, Econometric Society, vol. 82(5), pages 1853-1872, September.
- Nicholas C. Barberis, 2009. "A Model of Casino Gambling," NBER Working Papers 14947, National Bureau of Economic Research, Inc.
- Nicholas Barberis, 2012. "A Model of Casino Gambling," Management Science, INFORMS, vol. 58(1), pages 35-51, January.
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Cited by:
- Sarah Auster & Christian Kellner, 2023. "Timing Decisions Under Model Uncertainty," CRC TR 224 Discussion Paper Series crctr224_2023_460, University of Bonn and University of Mannheim, Germany.
- Sarah Auster & Christian Kellner, 2023. "Timing Decisions under Model Uncertainty," ECONtribute Discussion Papers Series 252, University of Bonn and University of Cologne, Germany.
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More about this item
Keywords
Wald problem; ambiguity aversion; prolonged learning; preemptive stopping;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2022-10-03 (Experimental Economics)
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