The value of information - An axiomatic approach
نویسندگان
چکیده
منابع مشابه
The value of information - An axiomatic approach*
The following question is addressed: Given a real-valued function on the partitions of a measure space, what are necessary and sufficient conditions in order that it be the value of information function for a Bayesian decision maker? A characterization is provided, and the analysis reveals a close relationship to cooperative game theory. The tools developed for characterization can also be used...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 1991
ISSN: 0304-4068
DOI: 10.1016/0304-4068(91)90002-b