Comparison of Decisions under Unknown Experiments

S-Tier
Journal: Journal of Political Economy
Year: 2021
Volume: 129
Issue: 11
Pages: 3185 - 3205

Authors (2)

Andrew Caplin (not in RePEc) Daniel Martin (Northwestern University)

Score contribution per author:

4.036 = (α=2.02 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We take the perspective of an econometrician who wants to determine which of two experiments provides higher expected utility but only knows the decisions under each experiment. To compare these decisions, the econometrician must make inferences about what the experiment might have been for each set of decisions. We provide a necessary and sufficient condition that identifies when every experiment consistent with one set of decisions has a higher value of information than every experiment consistent with the other set of decisions.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/716104
Journal Field
General
Author Count
2
Added to Database
2026-01-25