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An Economic Model of Ranked Information and "Big Picture"

Author

Listed:
  • Harashima, Taiji

Abstract

Understanding the "big picture" is crucial for success in business, but why? In this paper, I develop an economic model of understanding the "big picture" based on the concept of "ranked information." With the model, I demonstrate that an expanded "informational field of view" allows for more accurate ranking and selection of crucial information, thereby increasing the probability of achieving objectives and enhancing productivity. Conversely, a narrower focus can potentially lead to more frequent errors in business dealings, resulting in significant economic inequality. Furthermore, I show that providing education to a large segment of the population can enhance an economy's productivity by widening individuals' informational fields of view.

Suggested Citation

  • Harashima, Taiji, 2026. "An Economic Model of Ranked Information and "Big Picture"," MPRA Paper 128862, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:128862
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    File URL: https://mpra.ub.uni-muenchen.de/128862/1/MPRA_paper_128862.pdf
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    Keywords

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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