@article{Huynh:273595,
      recid = {273595},
      author = {Huynh, Hsueh-Ling and Majumdar, Sumon},
      title = {How to take an exam if you must: Decision under Deadline},
      address = {2006-02},
      number = {2110-2018-4244},
      series = {Working Paper No.1119},
      pages = {30},
      year = {2006},
      abstract = {This paper uses the example of an exam to model  multi-dimensional search under a deadline. When the  dimension is two, an order-invariance property allows  simple characterization of the optimal search policy.  Behavior is shown to be highly sensitive to changes in the  deadline, and a wide variety of policies can be  rationalized (as being optimal) as the length of the  deadline increases. This is contrasted with behavior under  the traditional case of geometric discounting, in which a  similar sensitivity to changes in the discount factor  cannot hold. For dimensions higher than two, the invariance  principle does not hold; this increases complexity of the  problem of finding the optimal search policy.},
      url = {http://ageconsearch.umn.edu/record/273595},
      doi = {https://doi.org/10.22004/ag.econ.273595},
}