Call the Dentist! A (Con-)Cavity in the Value of Information
Abstract
A natural way of quantifying the ``amount of information'' in decision problems yields a globally concave value for information. Another (in contrast, adversarial) way almost never does.
- Publication:
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arXiv e-prints
- Pub Date:
- April 2024
- DOI:
- 10.48550/arXiv.2404.01190
- arXiv:
- arXiv:2404.01190
- Bibcode:
- 2024arXiv240401190W
- Keywords:
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- Economics - Theoretical Economics