Fishermen's location choice under spatio-temporal update of expectations

摘要: Abstract Information acquired by individuals over time plays a crucial role in their decision-making process. Gained experience updates beliefs on expected payoffs and is used range of decisions each individual facing. In this paper, we focus the formation about associated with spatial choices set an uncertain environment. We task ourselves better understanding day-to-day flexibility actions as result continuous update prior expectations. built model where private common knowledge economic returns blend lead to divergence expectations between individuals. This innovation expands frontiers spatio-temporal modeling micro-behavior offer new insight decay information relevance increasing temporal separation. Application fishermen harvest location demonstrates use model. Successful fisheries management must be able accurately predict response regulations particular attention paid flexible technologies which allow adjust effort alter behavior. Good fishing locations choice adjustment can contribute substantially design practices components.