Pandora's Problem with Nonobligatory Inspection

Hedyeh Beyhaghi
Hedyeh Beyhaghi

Proceedings of the 2019 ACM Conference on Economics and Computation, pp. 131-132, 2019.

Cited by: 0|Bibtex|Views21|DOI:https://doi.org/10.1145/3328526.3329626
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Other Links: dblp.uni-trier.de|dl.acm.org|academic.microsoft.com|arxiv.org

Abstract:

Martin Weitzman's "Pandora's problem" furnishes the mathematical basis for optimal search theory in economics. Nearly 40 years later, Laura Doval introduced a version of the problem in which the searcher is not obligated to pay the cost of inspecting an alternative's value before selecting it. Unlike the original Pandora's problem, the ve...More

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