The price for instrumentally valuable information
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More about this item
Keywords
Value of Information; Ambiguity; Blackwell’s theorem; Reduction of Compound Lotteries; Ellsberg paradox; Experiment; Prince.;JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- 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 fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2018-07-09 (Cognitive & Behavioural Economics)
- NEP-EXP-2018-07-09 (Experimental Economics)
- NEP-ICT-2018-07-09 (Information & Communication Technologies)
- NEP-KNM-2018-07-09 (Knowledge Management & Knowledge Economy)
- NEP-UPT-2018-07-09 (Utility Models & Prospect Theory)
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