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From the Editor..

Author

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  • L. Robin Keller

    (Operations and Decision Technologies, The Paul Merage School of Business, University of California, Irvine, Irvine, California 92697-3125)

Abstract

All of the papers in this issue focus on the value of obtaining information about uncertainties. We begin with an article by J. Eric Bickel on “The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem.” Next, is an article by Philippe Delquié on “The Value of Information and Intensity of Preference.” Our third article, which uses an example of an oilfield decision to demonstrate an approach to “Valuing Future Information Under Uncertainty Using Polynomial Chaos,” is by Michael Prange, William J. Bailey, Benoit Couët, Hugues Djikpesse, Margaret Armstrong, Alain Galli, and David Wilkinson. In the final article, Thomas Eppel and Detlof von Winterfeldt describe the calculation of value of information about the contents of waste storage tanks in “Value-of-Information Analysis For Nuclear Waste Storage Tanks.” Since information is the topic of this issue, our trivia question is about the late Jacob Marschak, from whom I learned about the economics of information and about clarity of thought.

Suggested Citation

  • L. Robin Keller, 2008. "From the Editor..," Decision Analysis, INFORMS, vol. 5(3), pages 113-115, September.
    • Handle: RePEc:inm:ordeca:v:5:y:2008:i:3:p:113-115
    DOI: 10.1287/deca.1080.0122
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    References listed on IDEAS

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    1. J. Eric Bickel, 2006. "Some Determinants of Corporate Risk Aversion," Decision Analysis, INFORMS, vol. 3(4), pages 233-251, December.
    2. Detlof von Winterfeldt & Terrence M. O'Sullivan, 2006. "Should We Protect Commercial Airplanes Against Surface-to-Air Missile Attacks by Terrorists?," Decision Analysis, INFORMS, vol. 3(2), pages 63-75, June.
    3. Michael Prange & William J. Bailey & Benoît Couët & Hugues Djikpesse & Margaret Armstrong & Alain Galli & David A Wilkinson, 2008. "Valuing Future Information Under Uncertainty Using Polynomial Chaos," Post-Print hal-00842100, HAL.
    4. J. Eric Bickel, 2007. "Some Comparisons among Quadratic, Spherical, and Logarithmic Scoring Rules," Decision Analysis, INFORMS, vol. 4(2), pages 49-65, June.
    5. Thomas Eppel & Detlof von Winterfeldt, 2008. "Value-of-Information Analysis for Nuclear Waste Storage Tanks," Decision Analysis, INFORMS, vol. 5(3), pages 157-167, September.
    6. James C. Felli & Gordon B. Hazen, 2004. "Javelin Diagrams: A Graphical Tool for Probabilistic Sensitivity Analysis," Decision Analysis, INFORMS, vol. 1(2), pages 93-107, June.
    7. David Matheson & James E. Matheson, 2005. "Describing and Valuing Interventions That Observe or Control Decision Situations," Decision Analysis, INFORMS, vol. 2(3), pages 165-181, September.
    8. J. Eric Bickel & James E. Smith, 2006. "Optimal Sequential Exploration: A Binary Learning Model," Decision Analysis, INFORMS, vol. 3(1), pages 16-32, March.
    9. J. Eric Bickel, 2008. "The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem," Decision Analysis, INFORMS, vol. 5(3), pages 116-128, September.
    10. Michael Prange & William J. Bailey & Benoit Couët & Hugues Djikpesse & Margaret Armstrong & Alain Galli & David Wilkinson, 2008. "Valuing Future Information Under Uncertainty Using Polynomial Chaos," Decision Analysis, INFORMS, vol. 5(3), pages 140-156, September.
    11. Jeffrey Keisler, 2004. "Value of Information in Portfolio Decision Analysis," Decision Analysis, INFORMS, vol. 1(3), pages 177-189, September.
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    Citations

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    Cited by:

    1. L. Robin Keller & Kelly M. Kophazi, 2009. "From the Editors..," Decision Analysis, INFORMS, vol. 6(2), pages 53-56, June.
    2. L. Robin Keller & Kelly M. Kophazi, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(2), pages 57-59, June.

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