Optimal Information Acquisition for Randomly Occurring Decisions.

Abstract

This research investigates the information acquisition policies for randomly occurring decisions. A randomly occurring decision is a decision that must be made upon the occurrence of a precipitating event that occurs randomly with time. Due to the urgency often associated with this type of decision, it is difficult to obtain fresh information at the time of the decision. Therefore, the available information will be limited to the unfresh (old) information from the past. Since the information becomes outdated and obsolete in time, regular updating of the information is often desirable in order to be prepared for the decision.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1979
Accession Number
ADA074956

Entities

People

  • Alimohammad Sharifnia

Organizations

  • Stanford University

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Contracts
  • Difference Equations
  • Economic Systems
  • Eigenvalues
  • Engineering
  • Equations
  • Governments
  • Intervals
  • Normal Distribution
  • Observation
  • Probability
  • Probability Distributions
  • Random Variables
  • Recovery
  • Residuals
  • Sequences

Readers

  • Brain and Cognitive Science; Experimental Psychology; Cognitive Neuroscience
  • Systems Analysis and Design
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.