Information Design of a Delegated Search

Organizations increasingly seek solutions to their open-ended design problems by employing a contest approach in which search over a solution space is delegated to outside agents. We study this new class of problems, which are costly to specify, pose ...

There are many settings in which a principal performs a task by delegating it to an agent, who searches over possible solutions and proposes one to the principal. This describes many aspects of the workflow within organizations, as well as many of the ...

The paper “Search Under Accumulated Pressure” explores how time pressure in the form of task accumulation might affect the information-gathering process of a decision maker. Decision makers often need to balance the benefit of improving their belief ...

Arrow et al. [Arrow K, Blackwell D, Girshick M (1949) Bayes and minimax solutions of sequential decision problems. Econometrica 17(3/4):213–244.] introduced the first sequential search problem “where at each stage the options available are to stop and ...