scholarly journals Strategic Private Experimentation

2014 ◽  
Vol 6 (4) ◽  
pp. 74-105 ◽  
Author(s):  
Mike Felgenhauer ◽  
Elisabeth Schulte
Keyword(s):  
Decision Maker ◽  
Information Acquisition

We consider a model of persuasion in which an agent who tries to persuade a decision maker can sequentially acquire imperfect signals. The agent's information acquisition is unobservable and he has the option to hide unfavorable signals. Nevertheless, if the signal precision is sufficiently high, he can persuade the decision maker by revealing a sufficiently large number of favorable signals. When the number of signals that can be transmitted to the decision maker is limited, persuasion is impossible if the agent's stakes are too high. (JEL D82, D83)

scholarly journals The Study of a Mathematical Model in Information Acquisition and Disclosure

2015 ◽  
Vol 2015 ◽  
pp. 1-8
Author(s):  
Ce Huang
Keyword(s):  
Mathematical Model ◽  
Decision Maker ◽  
Information Acquisition ◽  
Disclosure Strategy ◽  
Withholding Information

A mathematical model involving a decision maker and an expert is investigated. Through analyzing the model, we obtain several results on the expert’s information acquisition and disclosure strategy. When withholding information is costly to the expert, in equilibrium, an expert with a higher withholding cost acquires less information but discloses more acquired information. We also examine which expert is optimal to the decision maker among a group of experts with different costs of withholding information.

No decision-maker is an Island: integrating expert advice with information acquisition

2006 ◽  
Vol 19 (1) ◽  
pp. 43-60 ◽  
Author(s):  
Gunnar E. Schrah ◽  
Reeshad S. Dalal ◽  
Janet A. Sniezek
Keyword(s):  
Decision Maker ◽  
Information Acquisition ◽  
Expert Advice

scholarly journals Bias and Negligence with Freedom of Information

2019 ◽  
Vol 129 (624) ◽  
pp. 2979-2998
Author(s):  
Rossella Argenziano ◽  
Helen Weeds
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Information Acquisition ◽  
Freedom Of Information ◽  
Policy Action ◽  
Costly Information ◽  
The Cost

Abstract We analyse decision-making in the presence of Freedom of Information (FOI) rules. A decision-maker chooses whether to acquire costly information to inform his decision regarding a policy action. If information is not disclosed voluntarily a monitor may open a costly investigation, using FOI to access the information. A finding of biased decision-making or negligence in information acquisition generates a reward to the monitor and a penalty to the decision-maker. We find that strengthening FOI to reduce the cost of investigation may increase negligence without necessarily reducing bias. Moreover, increasing the reward for discovering negligence can paradoxically increase negligence in equilibrium.

Analyst Information Acquisition and Communication

2010 ◽  
Vol 85 (6) ◽  
pp. 1985-2009 ◽  
Author(s):  
Paul E. Fischer ◽  
Phillip C. Stocken
Keyword(s):  
Decision Maker ◽  
Information Acquisition ◽  
Public Information

ABSTRACT: We examine a communication game between an analyst and a decision-maker and investigate how the presence of public information affects the precision of the information the analyst gathers and communicates to the decision-maker. We characterize conditions under which public information causes the analyst to underinvest or overinvest in the information gathered relative to the case where analyst credibility is not an issue. We then discuss when the presence of public information causes the analyst to reduce the depth of coverage of the firm, suggesting that the introduction of public information can make the decision-maker strictly worse off.

scholarly journals Strategic Information Acquisition and Transmission

2016 ◽  
Vol 8 (3) ◽  
pp. 119-155 ◽  
Author(s):  
Rossella Argenziano ◽  
Sergei Severinov ◽  
Francesco Squintani
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Information Acquisition ◽  
Organization Design ◽  
Strategic Communication ◽  
Strategic Information ◽  
Costly Information ◽  
Design Communication

This paper explores the implications of costly information acquisition in a strategic communication setting. We show that equilibrium decisions based on a biased expert's advice may be more precise than when information is directly acquired by the decision maker, even if the expert is not more efficient than the decision maker at acquiring information. This result bears important implications for organization design. Communication by an expert to a decision maker may often outperform delegation of the decision-making authority to the expert, as well as centralization by the decision maker of both information acquisition and decision-making authority. (JEL C72, D23, D82, D83)

The (Mis-)measure of the Risky Decision Maker?

2012 ◽  
Author(s):  
Michael Schulte-Mecklenbeck ◽  
Thorsten Pachur ◽  
Ryan O. Murphy ◽  
Ralph Hertwig
Keyword(s):  
Decision Maker ◽  
Risky Decision

Analytical Study on Big Data

2018 ◽  
Vol 8 (5) ◽  
pp. 75
Author(s):  
Vivek Raich ◽  
Pankaj Maurya
Keyword(s):  
Information Technology ◽  
Big Data ◽  
Decision Maker ◽  
Analytical Study ◽  
Large Data ◽  
Decision Makers ◽  
Continuous Increase ◽  
Analytic Methods ◽  
Data Store ◽  
Business Engineering

in the time of the Information Technology, the big data store is going on. Due to which, Huge amounts of data are available for decision makers, and this has resulted in the progress of information technology and its wide growth in many areas of business, engineering, medical, and scientific studies. Big data means that the size which is bigger in size, but there are several types, which are not easy to handle, technology is required to handle it. Due to continuous increase in the data in this way, it is important to study and manage these datasets by adjusting the requirements so that the necessary information can be obtained.The aim of this paper is to analyze some of the analytic methods and tools. Which can be applied to large data. In addition, the application of Big Data has been analyzed, using the Decision Maker working on big data and using enlightened information for different applications.

Contemporary Machiavellian theses "The strategy of the role of the absurd state as a model"

2020 ◽  
pp. 3
Author(s):  
Ali Hussein Hameed ◽  
Saif Hayder AL.Husainy
Keyword(s):  
International Relations ◽  
Decision Maker ◽  
Turning Point ◽  
Information Revolution ◽  
Main Hypothesis ◽  
The Subject ◽  
Area Of Influence ◽  
The Right ◽  
Modern Technologies

In the anarchism that governs the nature and patterns of international relations characterized by instability and uncertainty in light of several changes, as well as the information revolution and the resulting developments and qualitative breakthroughs in the field of scientific and advanced technological knowledge and modern technologies.  All of these variables pushed toward the information flow and flow tremendously, so rationality became an indispensable matter for the decision maker as he faces these developments and changes. There must be awareness and rationality in any activity or behavior because it includes choosing the best alternative and making the right decision and selecting the information accurately and mental processing Through a mental system based on objectivity, methodology, and accumulated experience away from idealism and imagination, where irrationality and anarchy are a reflection of the fragility of the decision-maker, his lack of awareness of the subject matter, his irresponsibility, and recklessness that inevitably leads to failure by wasting time and Effort and potential. The topic acquires its importance from a search in the strategies of the frivolous state and its characteristics with the ability to influence the regional, and what it revealed is a turning point in how to adapt from the variables and employ them to their advantage and try to prove their existence. Thus, the problem comes in the form of a question about the possibility of the frivolous state in light of the context of various regional and international events and trends. The answer to this question stems from the main hypothesis that (the aim which the frustrating state seeks to prove is that it finds itself compelled to choose several strategies that start from the nature of its characteristics and the goals that aim at it, which are centered in the circle of its interests in the field of its struggle for the sake of its survival and area of influence).

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