Skip navigation
Skip navigation

Preference for Information and Dynamic Consistency

Grant, Simon; Kajii, Atsushi; Polak, Ben


We provide necessary and sufficient conditions for a dynamically consistent agent always to prefer more informative signals (in single-agent problems). These conditions do not imply recursivity, reduction or independence. We provide a simple definition of dynamically consistent behavior, and we discuss whether an intrinsic information lover (say, an anxious person) is likely to be dynamically consistent.

CollectionsANU Research Publications
Date published: 2000
Type: Journal article
Source: Theory and Decision


File Description SizeFormat Image
01_Grant_Preference_for_Information_and_2000.pdf140.11 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator