One of the main predictions of principal-agent theory, the “informativeness principle”, is often violated in practice. We propose an explanation that emphasizes the role played by the change in the form of the optimal contract that follows an improvement in informativeness. We show that the overall gains from a less noisy performance measure emanate from two sources: the direct effect of a chan...

‎this paper deals with one problem that needs to be addressed in the emerging field known under the name computing with perceptions‎. ‎it is the problem of describing‎, ‎approximately‎, ‎a given fuzzy set in natural‎ ‎language‎. ‎this problem has lately been referred to as the problem of retranslation‎. ‎an approaches to ‎dealing with the retranslation problem is discussed in the paper‎, ‎that ...

This study investigates the critical elements of viral marketing toward consumers' purchasing intention in Klang Valley, Malaysia. Five perceived were identified and tested on their relationship to purchase intentions. The five key factors are informativeness, entertainment, irritation, source credibility, incentive. To gather analyse data related this study, questionnaires distributed through ...

The purpose of this study is to study the reader's cognitive process in reading medical articles and its influence on the decision-making process. Twenty-four participants completed a survey pertaining to 36 medical articles on new treatments with similar text structures and similar titles. Participants rated each article on its level of interest, informativeness, and reliability, and were aske...

Inference of individual ancestry is useful in various applications, such as admixture mapping and structured-association mapping. Using information-theoretic principles, we introduce a general measure, the informativeness for assignment (I(n)), applicable to any number of potential source populations, for determining the amount of information that multiallelic markers provide about individual a...

In this paper, a customer incentive scheme is proposed for retailers to build an effective demand response program over the peak demand period to minimize the financial risk. Firstly, an objective function is formulated based on the market operation and an optimal incentive price is derived from this objective function. Secondly, the incentive price is employed as a part of an incentive scheme ...

Effective communication requires knowing the “right” amount of information to provide; what is necessary for a naïve learner to arrive at a target hypothesis may be superfluous and inefficient for a knowledgeable learner. The current study examines fourto seven-year-olds’ developing sensitivity to over-informative communication and their ability to decide how much information is appropriate dep...