2006
DOI: 10.1111/j.1468-0262.2006.00705.x
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Simultaneous Search

Abstract: We introduce and solve a new class of "downward-recursive" static portfolio choice problems. An individual simultaneously chooses among ranked stochastic options, and each choice is costly. In the motivational application, just one may be exercised from those that succeed. This often emerges in practice, such as when a student applies to many colleges or when a firm simultaneously tries several technologies. Copyright The Econometric Society 2006.

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Cited by 146 publications
(139 citation statements)
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“…Chade and Smith (2006) prove that individuals act more aggressively with sequential decision making than simultaneous choices. One should pursue less likely options first.…”
Section: Sequential Searchmentioning
confidence: 99%
See 4 more Smart Citations
“…Chade and Smith (2006) prove that individuals act more aggressively with sequential decision making than simultaneous choices. One should pursue less likely options first.…”
Section: Sequential Searchmentioning
confidence: 99%
“…Recently, Chade and Smith (2006) extended the simultaneous-search paradigm to allow for ex ante heterogeneous options. The decision maker chooses not only the number of options to sample, but also the sample composition.…”
Section: Simultaneous Searchmentioning
confidence: 99%
See 3 more Smart Citations