Intervention with limited information
Name
182_2021_796_ReferencePDF.pdf
Size
338.27 KB
Format
Adobe PDF
Checksum (MD5)
6e66c9a4edf2d9d651a7a0081505b4d3
Author(s)
Fudenberg, Drew
Levine, David K.
Date Issued
October 19, 2021
Publisher
Springer Berlin Heidelberg
Citation
Fudenberg, Drew and Levine, David K. 2021. "Intervention with limited information."
Version
Author's final manuscript
Abstract
Abstract
We study how optimal interventions in response to a shock with limited information depend on the complexity of the system. We show that as the complexity of the system grows, the optimal intervention shrinks to zero.
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1007/s00182-021-00796-8
