Project description
A dynamic framework to guide the acquisition and utilisation of information
From individuals to public organisations, all spend significant time and resources to collect and process information that guides and optimises their decision-making. This information comes from research efforts, academic publications or third parties that control the flow of information to influence decisions and outcomes. The EU-funded DINFO project aims to shed light on how much and what kind of information should be acquired, how third parties can be incentivised to provide information, and other key questions. The project will help develop new techniques to analyse robust dynamic information choice.
Objective
Individuals, firms, and public organizations spend significant time and reIndividuals, firms, and public organizations spend significant time and resources to acquire, collect, and process information that guides and optimizes their decision making. Information is acquired directly by own research efforts, from academic publications that selectively publish scientific research, or from self-interested third parties that control the flow of information to influence decisions, and often information can also be learned through data-collection during day-to-day business.
How much and what information should be acquired? How can third parties be incentivised to provide information? What is the role of commitment and verifiability of evidence in communication between a self-interested information provider and a user of that information? How should data collected from day-to-day business be used to optimize decisions, if these decisions also affect and feed back into future data collection? How should results of scientific research be communicated if it affects both decision by practitioners as well as the choice of future research topics?
This research programme aims to shed light on these questions. Recognizing that information acquisition takes time, and happens gradually, often in multiple stages, it develops dynamic models of information acquisition and experimentation. The programme has four parts: (1) It develops a novel framework to analyse frictions in dynamic information acquisition and transmission that arise in communication and persuasion. (2) It develops new techniques to analyse robust dynamic information choice. (3) It develops a dynamic model of incentives for information production and communication in scientific research that contributes to the debate on publication standards. (4) It develops a theoretical framework to analyse the optimal use of data in the nascent field of predictive policing and other applications of data-driven resource allocation.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-COG - Consolidator Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2020-COG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
WC1E 6BT LONDON
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.