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An experimental study of the value of information

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  • Epstein, Barry J
  • King, William R

Abstract

The value that is placed on information by managers, who are the users of information systems, is an important construct in all aspects of systems design, development and evaluation. This study uses a multidimensional attribute approach to assess the value of information and reports on tests of hypotheses related to differences that have been assumed to exist among managers in various functional areas and at various hierarchical levels in a business firm. The results generally fail to confirm the existence of such differences.

Suggested Citation

  • Epstein, Barry J & King, William R, 1982. "An experimental study of the value of information," Omega, Elsevier, vol. 10(3), pages 249-258.
    • Handle: RePEc:eee:jomega:v:10:y:1982:i:3:p:249-258
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    Cited by:

    1. E. M. S. Ribeiro & G. A. Prataviera, 2014. "Information theoretic approach for accounting classification," Papers 1401.2954, arXiv.org, revised Sep 2014.
    2. Ribeiro, E.M.S. & Prataviera, G.A., 2014. "Information theoretic approach for accounting classification," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 416(C), pages 651-660.
    3. Ravi Thambusamy & Prashant Palvia, 2020. "U.S. Healthcare Provider Capabilities and Performance: the Mediating Roles of Service Innovation and Quality," Information Systems Frontiers, Springer, vol. 22(1), pages 91-111, February.

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