Econometrica Vol. 82 No. 1 2014
Comment on "The Law of Large Demand for Information"
Abstract
Say that one information structure is eventually Blackwell sufficient for another if, for every large enough n, an n‐sample from the first is Blackwell sufficient (Blackwell (1951, 1954)) for an n‐sample from the second. This note shows that eventual Blackwell sufficiency lies strictly between (one‐shot) Blackwell sufficiency and the ordering of information structures formulated by Moscarini and Smith (2002), and thus offers a new criterion for comparing experiments. A characterization of eventual Blackwell sufficiency in terms of the one‐shot experiments remains an open question.
- DOI
- 10.3982/ecta11127
- Volume
- 82
- Issue
- 1
- Pages
- 415-423
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref