Value of Information
نویسندگان
چکیده
منابع مشابه
Value of information
Consider the single-agent decision problem, where the agent chooses the optimal action a ∈ A to maximize her expected utility. The utility depends on the state of nature θ ∈ Θ, and for the remainder of this lecture, we assume that Θ = {θ1, ..., θN} is a finite set with N elements. Assume also that the (state dependent) utility function u(a, θ) is continuous in a for all θ and A is compact. Let ...
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This is the peer-reviewed, manuscript version of the following article: Staerk, K and Haesler, B (2015) The value of information: Current challenges in surveillance implementation. PREVENTIVE VETERINARY MEDICINE. The final version is available online via http://dx.doi.org/10.1016/j.prevetmed.2015.05.002. © 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://...
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We develop a theory of how the value of an agent’s information advantage depends on the persistence of information. We focus on strategic situations with strict conflict of interest, formalized as stochastic zero-sum games where only one of the players observes the state that evolves according to a Markov operator. Operator Q is said to be better for the informed player than operator P if the v...
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چکیده ندارد.
15 صفحه اولSocial Value of Information and Optimal Communication Policy of Central Banks
Monetary policy as a tool for expectations management is believed to be most effective if it can coordinate the beliefs and expectations of the economic agents. The optimal communication policy is in an environment where central bank announcements are common knowledge and abundant information is complete transparency. The above conclusion is altered in the more realistic situation where economi...
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ژورنال
عنوان ژورنال: Medical Decision Making
سال: 2015
ISSN: 0272-989X,1552-681X
DOI: 10.1177/0272989x15579164