The Demand for Information: More Heat than Light
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More about this item
KeywordsValue of information; Non-concavity; Heat equation; Demand; Bayesian analysis;
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-MIC-2005-02-13 (Microeconomics)
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