Accurate estimates of the value of business information are difficult to obtain, but we may get a reasonable estimate for it by using a methodology similar to the value of statistical lives methodology that is commonly used to assess the efficiency of government regulations. Estimates obtained in this way provide insight into the information security market and may explain why some technologies...

Researchers and users of Information Visualization are convinced that it has value. This value can easily be communicated to others in a face-to-face setting, such that this value is experienced in practice. To convince broader audiences, and also, to understand the intrinsic qualities of visualization is more difficult, however. In this paper we consider information visualization from differen...

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We derive a general expression for the value of information to a price-taking investor in a dynamic environment and provide a framework for its estimation from option prices. We study the value of both private and public information and break it down into its instrumental and psychic parts. We apply this framework and estimate that a consumer-investor with commonlyused preference parameters wou...

The Value of Private Information We study the consumption-investment problem of a CRRA agent who possesses private information about the future prospects of a stock. We compute the value of the information to the agent by comparing the utility equivalent with and without the information of the agent. The value of private of information to the agent depends linearly on the wealth of agents and d...

Communication and information are central concepts in evolutionary biology. In fact, it is hard to find an area of biology where these concepts are not used. However, quantifying the information transferred in biological interactions has been difficult. How much information is transferred when the first spring rainfall hits a dormant seed, or when a chick begs for food from its parent? One meas...

We consider a revenue optimizing seller selling a single item to a buyer, on whose private value the seller has a noisy signal. We show that, when the signal is kept private, arbitrarily more revenue could potentially be extracted than if the signal is leaked or revealed. We then show that, if the seller is not allowed to make payments to the buyer, the gap between the two is bounded by a multi...