Optimal Dynamic Allocation: Simplicity through Information Design

2020 ◽  
Author(s):  
Itai Ashlagi ◽  
Faidra Monachou ◽  
Afshin Nikzad
Keyword(s):  
Information Design ◽  
Dynamic Allocation ◽  
Optimal Dynamic

scholarly journals Optimal Dynamic Allocation of Collaborative Servers in Two Station Tandem Systems

2019 ◽  
Vol 64 (4) ◽  
pp. 1640-1647 ◽  
Author(s):  
Ioannis Papachristos ◽  
Dimitrios G. Pandelis
Keyword(s):  
Dynamic Allocation ◽  
Optimal Dynamic

scholarly journals Socially Optimal Dynamic Allocation in Core-Periphery Model with Economic Uncertainty

2008 ◽  
Vol 25 ◽  
pp. 245-254
Author(s):  
Toshimori OTAZAWA ◽  
Takashi AKAMATSU ◽  
Shuichi YAMAZAKI
Keyword(s):  
Economic Uncertainty ◽  
Dynamic Allocation ◽  
Optimal Dynamic

scholarly journals Optimal Dynamic Allocation of Attention

2019 ◽  
Vol 109 (8) ◽  
pp. 2993-3029 ◽  
Author(s):  
Yeon-Koo Che ◽  
Konrad Mierendorff
Keyword(s):  
News Media ◽  
Learning Strategy ◽  
Limited Attention ◽  
Dynamic Allocation ◽  
News Sources ◽  
News Source ◽  
Current Belief ◽  
Optimal Dynamic ◽  
Echo Chamber ◽  
Chamber Effect

We consider a decision maker (DM) who, before taking an action, seeks information by allocating her limited attention dynamically over different news sources that are biased toward alternative actions. Endogenous choice of information generates rich dynamics: the chosen news source either reinforces or weakens the prior, shaping subsequent attention choices, belief updating, and the final action. The DM adopts a learning strategy biased toward the current belief when the belief is extreme and against that belief when it is moderate. Applied to consumption of news media, observed behavior exhibits an “ echo-chamber” effect for partisan voters and a novel “ anti-echo-chamber” effect for moderates. (JEL D72, D83, D91, L82)

Optimal Dynamic Allocation of Treatment and Enforcement in Illicit Drug Control

2001 ◽  
Vol 49 (3) ◽  
pp. 352-362 ◽  
Author(s):  
Gernot Tragler ◽  
Jonathan P. Caulkins ◽  
Gustav Feichtinger
Keyword(s):  
Illicit Drug ◽  
Drug Control ◽  
Dynamic Allocation ◽  
Optimal Dynamic

Optimal Dynamic Allocation of Conservation Funding Among Priority Regions

2008 ◽  
Vol 70 (7) ◽  
pp. 2039-2054 ◽  
Author(s):  
Michael Bode ◽  
Kerrie Wilson ◽  
Marissa McBride ◽  
Hugh Possingham
Keyword(s):  
Dynamic Allocation ◽  
Conservation Funding ◽  
Optimal Dynamic
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