IDEAS home Printed from https://ideas.repec.org/a/inm/ordeca/v5y2008i3p113-115.html
   My bibliography  Save this article

From the Editor..

Author

Listed:
  • L. Robin Keller

    (Operations and Decision Technologies, The Paul Merage School of Business, University of California, Irvine, Irvine, California 92697-3125)

Abstract

All of the papers in this issue focus on the value of obtaining information about uncertainties. We begin with an article by J. Eric Bickel on “The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem.” Next, is an article by Philippe Delquié on “The Value of Information and Intensity of Preference.” Our third article, which uses an example of an oilfield decision to demonstrate an approach to “Valuing Future Information Under Uncertainty Using Polynomial Chaos,” is by Michael Prange, William J. Bailey, Benoit Couët, Hugues Djikpesse, Margaret Armstrong, Alain Galli, and David Wilkinson. In the final article, Thomas Eppel and Detlof von Winterfeldt describe the calculation of value of information about the contents of waste storage tanks in “Value-of-Information Analysis For Nuclear Waste Storage Tanks.” Since information is the topic of this issue, our trivia question is about the late Jacob Marschak, from whom I learned about the economics of information and about clarity of thought.

Suggested Citation

  • L. Robin Keller, 2008. "From the Editor..," Decision Analysis, INFORMS, vol. 5(3), pages 113-115, September.
    • Handle: RePEc:inm:ordeca:v:5:y:2008:i:3:p:113-115
    DOI: 10.1287/deca.1080.0122
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/deca.1080.0122
    Download Restriction: no
    File URL: https://libkey.io/10.1287/deca.1080.0122?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. J. Eric Bickel, 2006. "Some Determinants of Corporate Risk Aversion," Decision Analysis, INFORMS, vol. 3(4), pages 233-251, December.
    2. Detlof von Winterfeldt & Terrence M. O'Sullivan, 2006. "Should We Protect Commercial Airplanes Against Surface-to-Air Missile Attacks by Terrorists?," Decision Analysis, INFORMS, vol. 3(2), pages 63-75, June.
    3. Michael Prange & William J. Bailey & Benoît Couët & Hugues Djikpesse & Margaret Armstrong & Alain Galli & David A Wilkinson, 2008. "Valuing Future Information Under Uncertainty Using Polynomial Chaos," Post-Print hal-00842100, HAL.
    4. J. Eric Bickel, 2007. "Some Comparisons among Quadratic, Spherical, and Logarithmic Scoring Rules," Decision Analysis, INFORMS, vol. 4(2), pages 49-65, June.
    5. Thomas Eppel & Detlof von Winterfeldt, 2008. "Value-of-Information Analysis for Nuclear Waste Storage Tanks," Decision Analysis, INFORMS, vol. 5(3), pages 157-167, September.
    6. James C. Felli & Gordon B. Hazen, 2004. "Javelin Diagrams: A Graphical Tool for Probabilistic Sensitivity Analysis," Decision Analysis, INFORMS, vol. 1(2), pages 93-107, June.
    7. David Matheson & James E. Matheson, 2005. "Describing and Valuing Interventions That Observe or Control Decision Situations," Decision Analysis, INFORMS, vol. 2(3), pages 165-181, September.
    8. J. Eric Bickel & James E. Smith, 2006. "Optimal Sequential Exploration: A Binary Learning Model," Decision Analysis, INFORMS, vol. 3(1), pages 16-32, March.
    9. J. Eric Bickel, 2008. "The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem," Decision Analysis, INFORMS, vol. 5(3), pages 116-128, September.
    10. Michael Prange & William J. Bailey & Benoit Couët & Hugues Djikpesse & Margaret Armstrong & Alain Galli & David Wilkinson, 2008. "Valuing Future Information Under Uncertainty Using Polynomial Chaos," Decision Analysis, INFORMS, vol. 5(3), pages 140-156, September.
    11. Jeffrey Keisler, 2004. "Value of Information in Portfolio Decision Analysis," Decision Analysis, INFORMS, vol. 1(3), pages 177-189, September.
    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. L. Robin Keller & Kelly M. Kophazi, 2009. "From the Editors..," Decision Analysis, INFORMS, vol. 6(2), pages 53-56, June.
    2. L. Robin Keller & Kelly M. Kophazi, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(2), pages 57-59, June.

    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. L. Robin Keller & Ali Abbas & Manel Baucells & Vicki M. Bier & David Budescu & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Ahti Salo & George Wu, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(4), pages 327-330, December.
      • L. Robin Keller & Manel Baucells & Kevin F. McCardle & Gregory S. Parnell & Ahti Salo, 2007. "From the Editors..," Decision Analysis, INFORMS, vol. 4(4), pages 173-175, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(4), pages 173-176, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2009. "From the Editors ..," Decision Analysis, INFORMS, vol. 6(4), pages 199-201, December.
    2. Rakesh K. Sarin, 2013. "From the Editor —Optimal Betting, Reducing Unnecessary Mammography in Breast Cancer Diagnosis, Product Line Design, and Value of Information," Decision Analysis, INFORMS, vol. 10(3), pages 187-188, September.
    3. Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors: Probability Approximations, Anti-Terrorism Strategy, and Bull's-Eye Display for Performance Feedback," Decision Analysis, INFORMS, vol. 10(1), pages 1-5, March.
    4. L. Robin Keller, 2009. "From the Editor..," Decision Analysis, INFORMS, vol. 6(3), pages 121-123, September.
    5. L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Enrico Diecidue & Robin L. Dillon-Merrill & Raimo P. Hämäläinen & Kenneth C. Lichtendahl & Jason R. W, 2012. "From the Editors ---Brainstorming, Multiplicative Utilities, Partial Information on Probabilities or Outcomes, and Regulatory Focus," Decision Analysis, INFORMS, vol. 9(4), pages 297-302, December.
    6. Kun Zan & J. Eric Bickel, 2013. "Components of Portfolio Value of Information," Decision Analysis, INFORMS, vol. 10(2), pages 171-185, June.
    7. Jafarizadeh, Babak, 2012. "Information acquisition as an American option," Energy Economics, Elsevier, vol. 34(3), pages 807-816.
    8. Peter I. Frazier & Warren B. Powell, 2010. "Paradoxes in Learning and the Marginal Value of Information," Decision Analysis, INFORMS, vol. 7(4), pages 378-403, December.
    9. Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors ---Group Decisions, Preference Elicitation, Experienced Utility, Survival Probabilities, and Portfolio Value of Information," Decision Analysis, INFORMS, vol. 10(2), pages 99-102, June.
    10. 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.
    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. Debarun Bhattacharjya & Jo Eidsvik & Tapan Mukerji, 2013. "The Value of Information in Portfolio Problems with Dependent Projects," Decision Analysis, INFORMS, vol. 10(4), pages 341-351, December.
    13. Jason R. W. Merrick & Fabrizio Ruggeri & Refik Soyer & L. Robin Keller, 2012. "From the Editors---Games and Decisions in Reliability and Risk," Decision Analysis, INFORMS, vol. 9(2), pages 81-85, June.
    14. L. Robin Keller & Kelly M. Kophazi, 2012. "From the Editors ---Copulas, Group Preferences, Multilevel Defenders, Sharing Rewards, and Communicating Analytics," Decision Analysis, INFORMS, vol. 9(3), pages 213-218, September.
    15. L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Philippe Delquié & Kenneth C. Lichtendahl & Jason R. W. Merrick & Ahti Salo & George Wu, 2011. "From the Editors ---Probability Scoring Rules, Ambiguity, Multiattribute Terrorist Utility, and Sensitivity Analysis," Decision Analysis, INFORMS, vol. 8(4), pages 251-255, December.
    16. 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.
    17. Christoph Werner & Tim Bedford & John Quigley, 2018. "Sequential Refined Partitioning for Probabilistic Dependence Assessment," Risk Analysis, John Wiley & Sons, vol. 38(12), pages 2683-2702, December.
    18. L. Robin Keller, 2012. "From the Editor---Decisions over Time (Exploding Offers or Purchase Regret), in Game Settings (Embedded Nash Bargaining or Adversarial Games), and in Influence Diagrams," Decision Analysis, INFORMS, vol. 9(1), pages 1-5, March.
    19. David J. Johnstone & Victor Richmond R. Jose & Robert L. Winkler, 2011. "Tailored Scoring Rules for Probabilities," Decision Analysis, INFORMS, vol. 8(4), pages 256-268, December.
    20. Zachary J. Smith & J. Eric Bickel, 2020. "Additive Scoring Rules for Discrete Sample Spaces," Decision Analysis, INFORMS, vol. 17(2), pages 115-133, June.

    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:inm:ordeca:v:5:y:2008:i:3:p:113-115. 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: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    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.