S.H. Tijs, Judith Timmer, R. Brânzei
Abstract
Abstract This paper addresses the question of how to compensate people who provide relevant information to a decision maker who faces uncertainty. Several compensation rules for the decision maker are suggested and these are studied in a cooperative environment.
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Abstract This paper addresses the question of how to compensate people who provide relevant information to a decision maker who faces uncertainty. Several compensation rules for the decision maker are suggested and these are studied in a cooperative environment.
Key concepts: Decision maker, Compensation (psychology), Microeconomics, Economics, Cheap talk, Computer science, Management science, Psychology