A Bayesian Approach to the Production of Information with a Linear Utility Function
研究消费者在不确定商品效用时，如何通过贝叶斯学习逐步了解并决定首期购买量，并允许预算跨期分配，得出了与以往研究不同的结论。
The paper considers the problem facing a consumer deciding whether to purchase a good whose effect on utility is unknown. The consumer is allowed to learn about the effect over time according to a Bayesian updating procedure. Of interest is the quantity of the good the consumer will purchase in the first period. The paper allows the consumer's budget constraint to be spread over more than one period and consequently generates results which contradicts earlier work.