The Value of Information and Intensity of Preference

References

• Ades A. E., Lu G., Claxton K. Expected value of sample information calculations in medical decision modeling. Medical Decision Making (2004) 24:207–227Crossref, Google Scholar
• Bell D. E. The value of pre-decision side bets for utility maximizers. Management Sci. (1988) 34:797–800Link, Google Scholar
• Bickel E. The relationship between perfect and imperfect information in a two-action risk-sensitive problem. Decision Anal. (2008) 5(3):116–128Link, Google Scholar
• Blackwell D. Equivalent comparisons of experiments. Ann. Math. Statist. (1953) 24(2):265–272Crossref, Google Scholar
• Blavatskyy P. Stochastic utility theorem. J. Math Econom. (2008) . (in press) doi:10.1016/j.jmateco.2007.12.005Crossref, Google Scholar
• Conrad J. Quasi-option value and the expected value of information. Quart. J. Econom. (1980) 94(4):813–820Crossref, Google Scholar
• De Groot M.Optimal Statistical Decisions (1970) (McGraw Hill, New York) . (reprinted 2004, John Wiley & Sons, New York)Google Scholar
• Drèze J., Modigliani F. Consumption decisions under uncertainty. J. Econom. Theory (1972) 5(3):308–335Crossref, Google Scholar
• Dyer J. S., Sarin R. K. Measurable multiattribute value functions. Oper. Res. (1979) 27:810–822Link, Google Scholar
• Eeckhoudt L., Godfroid Ph. Risk aversion and the value of information. J. Econom. Ed. (2000) 31(4):382–388Crossref, Google Scholar
• Eeckhoudt L., Lebrun T., Sailly J.-C. The informative content of diagnostic tests: An economic analysis. Soc. Sci. Medicine (1984) 18:873–880Crossref, Google Scholar
• Fatti L. P., Mehrez A., Pachter M. Bounds and properties of the expected value of sample information for a project-selection problem. Naval Res. Logist. (1987) 34:141–150Crossref, Google Scholar
• Freixas X., Kihlstrom R., Boyer M., Kihlstrom R. Risk aversion and information demand. Bayesian Models in Economic Theory (1984) (North-Holland, Amsterdam) 93–104Google Scholar
• Gould J. P. Risk, stochastic preference, and the value of information. J. Econom. Theory (1974) 8:64–84Crossref, Google Scholar
• Hilton R. W. Determinants of information value: Synthesizing some general results. Management Sci. (1981) 27:57–64Link, Google Scholar
• Hirshleifer J., Riley J. G.The Analytics of Uncertainty and Information (1992) (Cambridge University Press, New York) Crossref, Google Scholar
• Keisler J. M. Technical note: Comparative static analysis of information value in a canonical decision problem. Engrg. Economist (2004) 49:339–349Crossref, Google Scholar
• Kirkwood C. W. Approximating risk aversion in decision analysis applications. Decision Anal. (2004) 1(1):51–67Link, Google Scholar
• Laffont J.-J. Risk, stochastic preference, and the value of information: A comment. J. Econom. Theory (1976) 12:483–487Crossref, Google Scholar
• Laffont J.-J.Essays in the Economics of Uncertainty (1980) (Harvard Business Press, Boston) Google Scholar
• La Valle I. H. On cash equivalents and information evaluation in decisions under uncertainty—Part I: Basic theory. J. Amer. Statist. Assoc. (1968) 36:252–276Crossref, Google Scholar
• Marschak J., Radner R.Economic Theory of Teams (1972) (Yale University Press, New Haven, CT) Google Scholar
• Moscarini G., Smith L. The optimal level of experimentation. Econometrica (2001) 69(6):1629–1644Crossref, Google Scholar
• Sarin R. K. Strength of preference and risky choice. Oper. Res. (1982) 30(5):982–997Link, Google Scholar
• Savage L. J.The Foundations of Statistics (1954) (John Wiley and Sons, New York) Google Scholar
• Willinger M. Risk aversion and the value of information. J. Risk Insurance (1989) 61:320–328Crossref, Google Scholar