  Consider a dynamic decision-making scenario where at every stage the investor
has to choose between investing in one of two projects or gathering more
information. At each stage, the investor may seek counsel from one of several
consultants, who, for a fixed cost, provide partial information about the
realized state. We explore the optimal strategy and its dependence on the
belief and the consultation cost. Our analysis reveals that if one of the
consultants discloses the state with a nonzero probability, this consultant
will be used in any optimal strategy, provided the consultation cost is
sufficiently small.
