Optimal Term Length when Misinformation Increases with Experience
AbstractConsider an agent who collects information over time, but who imperfectly recalls the date at which he made each observation. If the state of nature changes over time, then the agent's performance may worsen with experience.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 99-00-25.
Length: 10 pages
Date of creation: 2000
Date of revision:
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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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