An irreversible investment problem with a learning-by-doing feature
We study a model of irreversible investment for a decision-maker who has the possibility to
gradually invest in a project with unknown value. In this setting, we introduce and explore a …
gradually invest in a project with unknown value. In this setting, we introduce and explore a …
[HTML][HTML] A detection problem with a monotone observation rate
We study a quickest detection problem where the observation rate of the underlying process
can be increased at any time for higher precision, but at an observation cost that grows …
can be increased at any time for higher precision, but at an observation cost that grows …