HIGHLIGHTS
- who: Zurich Open Repository and colleagues from the University of have published the research: Selective Sampling with Information-Storage Constraints, in the Journal: (JOURNAL)
- what: The authors provide an optimality condition for the emerging stochastic choice. To document this most generally, the authors provide a simple necessary condition satisfied by the optimal rerunning strategy. The authors show that the failure of the second-thought-free condition with uniform search intensity in the above investment decision example indicates that relative to the uniform search, the agent benefits from decreasing the search intensity for the bad attribute . . .
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