The value of information and the value of awareness

DOI10.1007/s11238-015-9496-xzbMath1378.91105OpenAlexW1778993898MaRDI QIDQ5964210

John Quiggin

Publication date: 29 February 2016

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/151207/files/R13_2WP.pdf

zbMATH Keywords

value of informationawareness

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Economics of information (91B44) Rationality and learning in game theory (91A26)

Related Items (4)

Cognitive limits and preferences for information ⋮ Certain and uncertain utility: a new perspective on financial innovation ⋮ Unawareness without AU introspection ⋮ Ambiguity and awareness: a coherent multiple priors model

Cites Work

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• Syntactic foundations for unawareness of theorems
• Interactive unawareness
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• Awareness and partitional information structures
• Unawareness -- a gentle introduction to both the literature and the special issue
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• Inductive reasoning about unawareness
• Dynamic unawareness and rationalizable behavior
• Risk, Ambiguity, and the Savage Axioms
• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• "Expected Utility" Analysis without the Independence Axiom
• Standard State-Space Models Preclude Unawareness
• A Definition of Subjective Probability
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine

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