Risk, stochastic preference, and the value of information

Citations

Cited by:

1. Xiaoyi Liu & Jonghyun Lee & Peter Kitanidis & Jack Parker & Ungtae Kim, 2012. "Value of Information as a Context-Specific Measure of Uncertainty in Groundwater Remediation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(6), pages 1513-1535, April.
2. Boggess, William G., 1987. "On Risk Modeling And Its Implications For Economic Analysis: A Discussion," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272334, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
3. Eeckhoudt, Louis & Godfroid, Philippe & Gollier, Christian, 2001. "Multiple risks and the value of information," Economics Letters, Elsevier, vol. 73(3), pages 359-365, December.
4. Vilkkumaa, Eeva & Liesiö, Juuso & Salo, Ahti, 2014. "Optimal strategies for selecting project portfolios using uncertain value estimates," European Journal of Operational Research, Elsevier, vol. 233(3), pages 772-783.
5. Sushil Bikhchandani & John W. Mamer, 2013. "Decreasing Marginal Value of Information Under Symmetric Loss," Decision Analysis, INFORMS, vol. 10(3), pages 245-256, September.
6. Jean-Paul Chavas & Rulon D. Pope, 1984. "Information: Its Measurement and Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 705-710.
   • Chavas, Jean-Paul & Pope, Rulon D., 1984. "Information: Its Measurement And Valuation," 1984 Annual Meeting, August 5-8, Ithaca, New York 279053, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
7. Laurent Franckx, 2005. "Environmental Enforcement with Endogenous Ambient Monitoring," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(2), pages 195-220, February.
   • Laurent Franckx, 2001. "Environmental enforcement with endogenous ambient monitoring," Energy, Transport and Environment Working Papers Series ete0115, KU Leuven, Department of Economics - Research Group Energy, Transport and Environment.
8. Alan Brennan & Samer Kharroubi & Anthony O'Hagan & Jim Chilcott, 2007. "Calculating Partial Expected Value of Perfect Information via Monte Carlo Sampling Algorithms," Medical Decision Making, , vol. 27(4), pages 448-470, July.
9. Hans Gersbach, 1997. "Risk And The Value Of Information In Irreversible Decisions," Theory and Decision, Springer, vol. 42(1), pages 37-51, January.
10. Niyazi Onur Bakir, 2015. "Monotonicity of the Selling Price of Information with Risk Aversion in Two Action Decision Problems," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 7(2), pages 71-90, June.
11. Eeckhoudt, Louis & Bauwens, Luc & Lebrun, Thérèse, 1987. "Théorie de l’information et diagnostic médical : une analyse coût-efficacité," L'Actualité Economique, Société Canadienne de Science Economique, vol. 63(2), pages 243-255, juin et s.
12. Han Bleichrodt & David Crainich & Louis Eeckhoudt & Nicolas Treich, 2020. "Risk aversion and the value of diagnostic tests," Theory and Decision, Springer, vol. 89(2), pages 137-149, September.
    • Hal Bleichrodt & David Crainich & Louis Eeckhoudt & Nicolas Treich, 2020. "Risk aversion and the value of diagnostic tests," Post-Print hal-03048860, HAL.
13. Brandt, Nikolai M. & Eckwert, Bernhard & Várdy, Felix, 2021. "Bayesian learning with variable prior," Journal of Mathematical Economics, Elsevier, vol. 97(C).
14. Ali E. Abbas & N. Onur Bakır & Georgia-Ann Klutke & Zhengwei Sun, 2013. "Effects of Risk Aversion on the Value of Information in Two-Action Decision Problems," Decision Analysis, INFORMS, vol. 10(3), pages 257-275, September.
15. Chavas, Jean-Paul, 1987. "On Risk Modeling And Its Implications For Economic Analysis," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272333, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
16. Philippe Delquié, 2008. "The Value of Information and Intensity of Preference," Decision Analysis, INFORMS, vol. 5(3), pages 129-139, September.
17. Amos Golan & Spiro Stefanou, 2024. "Potential Value of Data and Free Access to Data," Working Papers 2024-008, Human Capital and Economic Opportunity Working Group.
18. Chalfant, James A. & Finkelshtain, Israel & Gray, Richard S., 1989. "The Competitive Firm'S Willingness To Pay For Information," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270477, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
19. Osimani, Barbara, 2012. "Risk information processing and rational ignoring in the health context," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 169-179.
20. Preckel, Paul V. & Loehman, Edna T. & Kaylen, Michael S., 1987. "The Value Of Public Information For Microeconomic Production Decisions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(2), pages 1-5, December.
21. Just, David R. & Wolf, Steven & Zilberman, David, 2003. "Principles of risk management service relations in agriculture," Agricultural Systems, Elsevier, vol. 75(2-3), pages 199-213.
22. Ligon, James A. & Cather, David A., 1997. "The informational value of insurance purchases: Evidence from the property-liability insurance market," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 989-1016, July.
23. James K. Hammitt & Alexander I. Shlyakhter, 1999. "The Expected Value of Information and the Probability of Surprise," Risk Analysis, John Wiley & Sons, vol. 19(1), pages 135-152, February.
24. Mark Colyvan, 2016. "Value of information and monitoring in conservation biology," Environment Systems and Decisions, Springer, vol. 36(3), pages 302-309, September.
25. 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.
26. Stickel, Eberhard, 2001. "Uncertainty reduction in a competitive environment," Journal of Business Research, Elsevier, vol. 51(3), pages 169-177, March.
27. Dubra Juan & Echenique Federico, 2001. "Monotone Preferences over Information," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 1(1), pages 1-18, December.
    • Juan Dubra & Echenique, Federico, 2001. "Monotone Preferences over Information," Cowles Foundation Discussion Papers 1297, Cowles Foundation for Research in Economics, Yale University.
    • Juan Dubra & Federico Echenique, 2004. "Monotone Preferences Over Information," Yale School of Management Working Papers ysm405, Yale School of Management.
28. Hilbert, Martin, 2016. "Formal definitions of information and knowledge and their role in growth through structural change," Structural Change and Economic Dynamics, Elsevier, vol. 38(C), pages 69-82.
29. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
    • Hanemann, Michael, 1982. "Information and the Concept of Option Value," CUDARE Working Papers 198258, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Hanemann, W. Michael, 1983. "Information and the Concept of Option Value," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279111, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
30. BakIr, Niyazi Onur & Klutke, Georgia-Ann, 2011. "Information and preference reversals in lotteries," European Journal of Operational Research, Elsevier, vol. 210(3), pages 752-756, May.
31. Carlton, Dennis W. & Perloff, Jeffrey M., 1989. "The Economics of Information," Research Reports 25156, University of Connecticut, Food Marketing Policy Center.
    • Dennis W. Carlton & Jeffrey M. Perloff, 1989. "The Economics of Information," Food Marketing Policy Center Research Reports 005, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
32. Pope, Rulon D., 1985. "The Impact Of Information On Consumer Preferences," Research on Effectiveness of Agricultural Commodity Promotion, April 9-10, 1985, Arlington, Virginia 279489, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
33. Sulganik, Eyal, 1990. "Some New Ordering in Economics of Information," Foerder Institute for Economic Research Working Papers 275493, Tel-Aviv University > Foerder Institute for Economic Research.
34. Groshek, Gerald M. & Felli, James C., 2000. "Foreign exchange and lost opportunity in the US Department of Defense," Journal of Multinational Financial Management, Elsevier, vol. 10(1), pages 73-89, January.
35. Larson, James A. & Mapp, Harry P., 1992. "With Apologies to Shakespeare: To Plant or Not to Plant, That is the Question," WAEA/ WFEA Conference Archive (1929-1995) 321339, Western Agricultural Economics Association.
36. Louis Eeckhoudt & Philippe Godfroid, 2000. "Risk Aversion and the Value of Information," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(4), pages 382-388, December.
37. Sun, Zhengwei & Hupman, Andrea C. & Abbas, Ali E., 2021. "The value of information for price dependent demand," European Journal of Operational Research, Elsevier, vol. 288(2), pages 511-522.
38. Haag, Fridolin & Chennu, Arjun, 2023. "Assessing whether decisions are more sensitive to preference or prediction uncertainty with a value of information approach," Omega, Elsevier, vol. 121(C).
39. Chidambaram Subbiah & Andrea C. Hupman & Haitao Li & Joseph Simonis, 2023. "Improving Software Development Effort Estimation with a Novel Design Pattern Model," Interfaces, INFORMS, vol. 53(3), pages 192-206, May.
40. Arik Sadeh, 2003. "Optimal Product Lifecycle and Partial Information with Active Learning," Computational Economics, Springer;Society for Computational Economics, vol. 21(1), pages 125-136, February.