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Incentive to Acquire a Precursor

In: Decision-making in High-Risk Projects

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  • Akio Torii

    (Yokohama National University)

Abstract

In this chapter, the incentive for the agent to obtain a precursor that is supposed to contribute to the DM’s decision-making is analyzed. Only one investigation trial is assumed to be allowed. Chapter 5 presents an analysis where two trials are possible. For the trial, the agent undertakes effort that costs him, and for the effect of the effort, the following characteristics are assumed.

Suggested Citation

  • Akio Torii, 2024. "Incentive to Acquire a Precursor," Springer Books, in: Decision-making in High-Risk Projects, chapter 0, pages 35-45, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-3056-8_4
    DOI: 10.1007/978-981-97-3056-8_4
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