Presented By: Department of Mathematics
Financial/Actuarial Mathematics Seminar
Van Eenam Lecture III: Reversible and irreversible decisions under costly information acquisition
Speaker(s): Thaleia Zariphopolou (University of Texas at Austin)
Abstract: I will present an optimal stopping problem related to choosing one of two products. The decision maker does not have complete information about one of them, and pays information acquisition costs to learn its quality. The choice action may be reversible or irreversible. This model gives rise to a new family of combined optimal stopping and filtering problems (joint work with R. Xu and L. Zhang).
Abstract: I will present an optimal stopping problem related to choosing one of two products. The decision maker does not have complete information about one of them, and pays information acquisition costs to learn its quality. The choice action may be reversible or irreversible. This model gives rise to a new family of combined optimal stopping and filtering problems (joint work with R. Xu and L. Zhang).
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