Department of Economics and Business - Universitat Pompeu Fabra

Title:: Cost-benefit analysis in reasoning: The value-of-information case with forward-looking agent
Authors:: Larbi Alaoui and Antonio Penta
Date:: July 2021
Abstract:: We extend the baseline setting in Alaoui and Penta (2018) to provide the representation of the cost-benefit analysis in reaoning of a (non-myopic) forward looking agent who anticipates his future steps of reasoning to take the form of a partitional information structure evaluated in a Bayesian-consistent way
Keywords:: cognition and incentives, choice theory, reasoning, fact-free learning, sequential heuristics, value of information, forward looking, Bayesin consistency
JEL codes:: D01; D03; D80; D83.
Area of Research:: Microeconomics

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