Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 31, 2023 erstellt
Description:
This paper extends the classical search framework and allows the decision-maker to choose information endogenously and flexibly. We consider a problem in which the manager chooses the best among two ex ante identical candidates. The manager learns the qualities of candidates sequentially and can choose the information structure by herself. We show that the manager may learn different information about candidates, but this does not lead to discrimination against a candidate: she chooses them uniformly on average. We connect our findings with the serial-position effect from the psychological literature. Also, we show that our results extend to a more general framework with two candidates. Including an additional candidate in our model creates discrimination against the last candidate