Value of information: facilitating targeted information acquisition in decision processes

Value of information: Facilitating targeted information acquisition in decision processes

Facilitating Internalization in E-Learning Through New Information System

This paper aims to study Vygotsky’s (1987) sociocultural theory of learning with respect to how it relates to technology-based second language learning and teaching. The researchers selected their participants from advanced students from Payame Noor University. We divided the participants into two groups- an experimental group and a control group. After teaching the course an experimental group...

Information Acquisition in Interdependent Value Auctions

We consider an auction environment with interdependent values. Each bidder can learn her payoff type through costly information acquisition. We contrast the socially optimal decision to acquire information with the equilibrium solution in which each agent has to privately bear the cost of information acquisition. In the context of the generalized Vickrey-Clarke-Groves mechanism, we establish th...

Information Acquisition in Interdependent Value Auctions By

We consider an auction environment with interdependent values. Each bidder can learn her payoff type through costly information acquisition. We contrast the socially optimal decision to acquire information with the equilibrium solution in which each agent has to privately bear the cost of information acquisition. In the context of the generalized Vickrey–Clarke– Groves mechanism, we establish t...

Information Acquisition in Interdependent Value Actions

We consider an auction environment with interdependent values. Each bidder can learn her payoff type through costly information acquisition. We contrast the socially optimal decision to acquire information with the equilibrium solution in which each agent has to privately bear the cost of information acquisition. In the context of the generalized Vickrey-Clarke-Groves mechanism, we establish th...