Intervention with limited information

Abstract We study how optimal interventions in response to a shock with limited information depend on the complexity of the system. We show that as the complexity of the system grows, the optimal intervention shrinks to zero.

Bibliographic Details
Main Authors: Fudenberg, Drew (Author), Levine, David K. (Author)
Format: Article
Language:English
Published: Springer Berlin Heidelberg, 2022-06-21T12:58:18Z.
Subjects:
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