ERC Consolidator Grant · 2024
Biases in prospective learning and dynamic choice
Many important economic decisions are made after individuals have had opportunities to acquire information. For example, investors can do research about the fundamentals of companies to estimate their future stock prices; consumers can read reviews before making purchase decisions; managers can experiment with different organizational structures before settling on one. As information acquisition is costly, decision-makers must evaluate its benefit ex ante by engaging in prospective learning, that is, by trying to predict the amount of information they will receive. PROSPECT aims to investigate experimentally whether individuals are able to correctly assess the benefits of future information…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.