IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v73y2001i3p359-365.html
   My bibliography  Save this article

Multiple risks and the value of information

Author

Listed:
  • Eeckhoudt, Louis
  • Godfroid, Philippe
  • Gollier, Christian

Abstract

No abstract is available for this item.

Suggested Citation

  • Eeckhoudt, Louis & Godfroid, Philippe & Gollier, Christian, 2001. "Multiple risks and the value of information," Economics Letters, Elsevier, vol. 73(3), pages 359-365, December.
  • Handle: RePEc:eee:ecolet:v:73:y:2001:i:3:p:359-365
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165-1765(01)00513-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. M. W. Merkhofer, 1977. "The Value of Information Given Decision Flexibility," Management Science, INFORMS, vol. 23(7), pages 716-727, March.
    2. Chavas, Jean-Paul & Kristjanson, Patricia M. & Matlon, Peter, 1991. "On the role of information in decision making : The case of sorghum yield in Burkina Faso," Journal of Development Economics, Elsevier, vol. 35(2), pages 261-280, April.
    3. Gould, John P., 1974. "Risk, stochastic preference, and the value of information," Journal of Economic Theory, Elsevier, vol. 8(1), pages 64-84, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Berg, Nathan, 2008. "Imitation in location choice," MPRA Paper 26592, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ali E. Abbas & N. Onur Bakır & Georgia-Ann Klutke & Zhengwei Sun, 2013. "Effects of Risk Aversion on the Value of Information in Two-Action Decision Problems," Decision Analysis, INFORMS, vol. 10(3), pages 257-275, September.
    2. Vilkkumaa, Eeva & Liesiö, Juuso & Salo, Ahti, 2014. "Optimal strategies for selecting project portfolios using uncertain value estimates," European Journal of Operational Research, Elsevier, vol. 233(3), pages 772-783.
    3. Alan Brennan & Samer Kharroubi & Anthony O'Hagan & Jim Chilcott, 2007. "Calculating Partial Expected Value of Perfect Information via Monte Carlo Sampling Algorithms," Medical Decision Making, , vol. 27(4), pages 448-470, July.
    4. Dubra Juan & Echenique Federico, 2001. "Monotone Preferences over Information," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 1(1), pages 1-18, December.
    5. Jean-Paul Chavas & Rulon D. Pope, 1984. "Information: Its Measurement and Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 705-710.
    6. Jeffrey M. Keisler, 2005. "Additivity of Information Value in Two‐Act Linear Loss Decisions with Normal Priors," Risk Analysis, John Wiley & Sons, vol. 25(2), pages 351-359, April.
    7. Philippe Delquié, 2008. "The Value of Information and Intensity of Preference," Decision Analysis, INFORMS, vol. 5(3), pages 129-139, September.
    8. Ligon, James A. & Cather, David A., 1997. "The informational value of insurance purchases: Evidence from the property-liability insurance market," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 989-1016, July.
    9. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
    10. BakIr, Niyazi Onur & Klutke, Georgia-Ann, 2011. "Information and preference reversals in lotteries," European Journal of Operational Research, Elsevier, vol. 210(3), pages 752-756, May.
    11. Sushil Bikhchandani & John W. Mamer, 2013. "Decreasing Marginal Value of Information Under Symmetric Loss," Decision Analysis, INFORMS, vol. 10(3), pages 245-256, September.
    12. Chavas, Jean-Paul, 1987. "On Risk Modeling And Its Implications For Economic Analysis," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272333, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    13. Haag, Fridolin & Chennu, Arjun, 2023. "Assessing whether decisions are more sensitive to preference or prediction uncertainty with a value of information approach," Omega, Elsevier, vol. 121(C).
    14. Maatman, A., 1998. "Modeling farmers' response to uncertain rainfall in Burkino Faso: a stochastic programming approach," Research Report 98A13, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    15. James K. Hammitt & Alexander I. Shlyakhter, 1999. "The Expected Value of Information and the Probability of Surprise," Risk Analysis, John Wiley & Sons, vol. 19(1), pages 135-152, February.
    16. Pope, Rulon D., 1985. "The Impact Of Information On Consumer Preferences," Research on Effectiveness of Agricultural Commodity Promotion, April 9-10, 1985, Arlington, Virginia 279489, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    17. Debarun Bhattacharjya & Léa A. Deleris, 2014. "The Value of Information in Some Variations of the Stopping Problem," Decision Analysis, INFORMS, vol. 11(3), pages 189-203, September.
    18. Chidambaram Subbiah & Andrea C. Hupman & Haitao Li & Joseph Simonis, 2023. "Improving Software Development Effort Estimation with a Novel Design Pattern Model," Interfaces, INFORMS, vol. 53(3), pages 192-206, May.
    19. Niyazi Onur Bakir, 2015. "Monotonicity of the Selling Price of Information with Risk Aversion in Two Action Decision Problems," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 7(2), pages 71-90, June.
    20. Just, David R. & Wolf, Steven & Zilberman, David, 2003. "Principles of risk management service relations in agriculture," Agricultural Systems, Elsevier, vol. 75(2-3), pages 199-213.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:73:y:2001:i:3:p:359-365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.