Pandora's Problem with Nonobligatory Inspection
Proceedings of the 2019 ACM Conference on Economics and Computation, pp. 131-132, 2019.
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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