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Intrinsic Preference for Information

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Listed:
  • Grant, S
  • Kajii, A
  • Polak, B

Abstract

Suppose, following Kreps & Porteus (1978), that an agent values information not only to make contingent plans but also for itself; that is, intrinsically. What, then, is the relationship between an agent's attitude towards information and her attitude towards risk? If an agent always prefers more information, does this imply that she obeys the independence axiom?

Suggested Citation

  • Grant, S & Kajii, A & Polak, B, 1997. "Intrinsic Preference for Information," Papers 323, Australian National University - Department of Economics.
    • Handle: RePEc:fth:aunaec:323
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    INFORMATION;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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