search query: @author Feinberg, F. / total: 1
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| Author: | Feinberg, F. Huber, J. |
| Title: | A theory of cutoff formation under imperfect information |
| Journal: | Management Science
1996 : JAN, VOL. 42:1, p. 65-84 |
| Index terms: | MANAGEMENT CHOICE THEORY STATISTICS |
| Language: | eng |
| Abstract: | Numerous models in the Management Science literature contain constructions that are a variant of the following: a decision-maker choose from a set of alternatives based on imperfect information as to their relative quality , while further evaluation, though costly, provides more accurate information. The authors examine decision heuristics in which the optimal search policy entails a screening strategy limiting the number of alternatives in the subsequent, costly evaluation. There are two general methods for accomplishing this screening. |
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