Outputs (3)

The Value of Information in Stopping Problems (2023)
Journal Article
Lehrer, E., & Wang, T. (2023). The Value of Information in Stopping Problems. Economic Theory, https://doi.org/10.1007/s00199-023-01543-8

We consider stopping problems in which a decision maker (DM) faces an unknown state of nature and decides sequentially whether to stop and take an irreversible action, or pay a fee and obtain additional information. We discuss the value and quality o... Read More about The Value of Information in Stopping Problems.

Markovian Persuasion (2023)
Journal Article
Lehrer, E., & Shaiderman, D. (in press). Markovian Persuasion. Theoretical Economics,

In the classical Bayesian persuasion model an informed player and an uninformed one engage in a static interaction. The informed player, the sender, knows the state of nature, while the uninformed one, the receiver, does not. The informed player part... Read More about Markovian Persuasion.

Performance Cycles (2023)
Journal Article
Lagziel, D., & Lehrer, E. (2023). Performance Cycles. Economic Theory, https://doi.org/10.1007/s00199-023-01516-x

A decision maker repeatedly exerts efforts to produce new outputs, while being compensated based on his past and current production levels. We show that the decision maker’s optimal strategy dictates a cyclic oscillatory performance whenever the comp... Read More about Performance Cycles.